Octopus Private Equity and Foresight Group have seen a 4.4x return from the sale of facilities infrastructure service business Covion. Trade buyer Balfour Beatty Group Ltd acquired Covion for £33m ending Octopus and Foresight's two year ownership of the company. The exit generated an IRR of 84% for the two investors which backed the £8m management buyout of Theale-based Covion in May 2005.
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017