Graphite Capital, the leading UK mid-market private equity specialist, is backing the £86m management buyout of the NES Group from its founders and previous backer, Bridgepoint. The exit generated a money multiple of 2x for Bridgepoint.
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