Benson Elliot Capital Management, a private equity real estate company, has acquired a 50% interest in P/S Havneholmen alongside Danish quoted real estate developer Sjælsø Gruppen A/S. The joint venture has been established to complete the development and sale of Sjælsø’s Havneholmen, a residential project on Copenhagen’s transformed south harbour.
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