The Russian Direct Investment Fund (RDIF), a Russian sovereign wealth fund, plans to add the Public Investment Fund (PIF) of Saudi Arabia as a new partner, in the joint Russia-China Investment Fund (RCIF), creating a trilateral Russian-Chinese-Saudi investment vehicle.
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