The restaurant group behind Chez Gérard and Caffè Uno is expected to be acquired by PPM Capital in a deal worth £108m. In the last financial year the restaurant group which is known as Paramount, which trades from 80 sites, generated sales in excess of £70m.
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