Reports suggest that Simon Palley, managing partner of BC Partners in London is to leave the firm before the end of the year. BC Partners is understood to be due to start fundraising for its ninth European fund shortly. It is currently investing from BC European Capital VIII and completed the buyout of estate agency chain Foxtons in May 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