Octopus Investments has sold its stake in Gyro, a B2B marketing services business. The exit has generated a return of 2.3x and an IRR of 57.7% on its investment. The exit has been facilitated by an investment of over £50m from a US private equity house. The investor has taken a majority stake with the intention of driving further international growth.
Exit from Main Fund V comes three years after the GP acquired the Germany-based procurement technology company
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons