Asset management firm Henderson Global Investors continues its expansion in Europe with the opening of a new office in Madrid. George Giovannini will be the country manager of the new office. Giovannini, who has been with Henderson Global Investors since 2000 and country manager for Italy since 2001, has previously worked for Chase Manhattan, Dresdner Bank and Gruppo Montepaschi. In his new role, he will be responsible for increasing the firm's penetration in Spain and Portugal.
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