InnovationsKapital has invested in Apptus, a Swedish search and database technology company. The investment will be used to scale up operations and take aggressive measures with the intention of becoming an international player in search technology.
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