Shares at Northgate Information Solutions, a specialist software and IT services group, have risen over the last few months and are now approaching 100p per share on the back of rumours that the company will be delisted by private equity.
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