Groupe Lactalis, a French milk and cheese producer, is reported to have acquired Italian rival Galbani from UK-based buyout firm BC Partners. Although financing terms have not been revealed, the price is estimated to be in the region of EUR 1.5bn.
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