According to reports, TPG Partners has dropped out of the sales process to acquire a 49% stake in academic publisher Springer Science and Business Media, which is being sold by Cinven and Candover.
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