The insurer Aegon has slashed its ownership of Permira’s biggest investor, SVG Capital, after selling £84 million worth of its shares today.

Aegon, which previously owned 15.4% of the company, has sold 20 million ordinary shares in the company at a price of 420p per share, according to a statement from the London Stock Exchange. Following the sale, Aegon now owns around 18.5 million ordinary shares, or 7.9% of the shares.