According to reports, a consortium of private equity firms comprising Irish investment company Cardinal Asset Management, JC Flowers, the Carlyle Group and Middle Eastern sovereign wealth funds, is in due diligence to acquire a 60% stake in Bank of Ireland.
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