Alliance Trust has announced that it has bought 100% of the shareholding of Albany Venture Managers (Holdings) Ltd, a six-year-old group that runs three venture capital funds with committed equity of £25m.
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