TPG Capital and Credit Suisse's private equity arm have sold bathroom fittings manufacturer Grohe to Japanese household equipment maker Lixil and the Development Bank of Japan (DBJ) in a €3bn trade sale.
Deal will be the second add-on acquisition for Danoffice since Agilitas's buyout of the company in November 2017
Bowmark will provide additional funding of £100m to fund the company's add-ons acquisitions
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties