A series of portfolio company exits has seen Legal & General Ventures, the in-house private equity arm of the UK insurer, more than double its profits to £1.7m (€2.5m) in the six months to end of June.

The private equity team, which focuses on investments in UK and Irish mid-market companies with an enterprise value from £50m to £300m, specialises in the leisure, consumer products and services, which includes healthcare, sectors.