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Kestrel ups its stake in Cupid

KESTREL Partners has upped its stake in online dating firm Cupid to more than 15%.

The Guernsey-based investment group purchased another 560,000 shares to take its holding to almost 10.9 million, or 15.2%. Toscafund, chaired by Sir George Mathewson, recently sold its entire 16% holding in Cupid.

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