One of Britain’s best-known private equity tycoons is reportedly planning to leave the UK amid reforms to tax rules.
Rolly van Rappard, the co-founder of CVC Capital, is said to be considering a move from London to Milan.
The billionaire, who chairs CVC, has not made a final decision and is considering his options, according to Private Equity News, which first reported the plans.
CVC is one of the world’s leading buyout firms. Its portfolio includes La Liga, the Spanish football league
FRAN SANTIAGO/GETTY IMAGES
There are concerns that influential high-net-worth business leaders are leaving the UK amid government tax reforms, including to the “non-dom” regime and inheritance tax rules on overseas trusts.
The speculation comes after reports that Richard Gnodde, the Goldman Sachs veteran, is leaving his homes in London and Hampshire to set up a base in Milan. Changes to non-dom rules
