Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s shares following the flotation, which is being run by Morgan Stanley and Mediobanca. Shares are expected to start trading on 15 February at EUR 10.25-13 each.
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