The Cinven-led consortium of investors which had acquired Vivendi Universal Publishing in April 2002 has sold its medical publications subsidiary MediMedia USA to Vestar Capital, for an entreprise value of EUR 489.3m.
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