GIMV has backed the management buy-in of Le Cobourg, a Belgian producer of traditional salads. The financial details were not disclosed. It is understood that GIMV has taken a 90% stake in the newco. The new management team hold the balance.
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