3i has announced its interest in acquiring a minority stake in the operator of Hamburg Port Hamburger Hafen und Logistik AG (HHLA). The City of Hamburg had been seeking offers for a 49% stake in HHLA and so far reportedly received notifications from around 100 potential bidders, including infrastructure funds. The City intends to make a decision on the acquirer by summer 2007.
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