A central theme this morning at the Capital Creation event was remuneration: As bankers worldwide prepare for their compensation packages to shrink, many in the private equity industry are championing maintaining the high levels of salary and bonus paid to executives in the space. In some firms, where remuneration is below market rate, there are even calls to raise it so as to ensure the continuity of the teams.
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