Octopus acquires Dragonfly Property Finance
London, 8 November 2013 – Octopus Capital Ltd, the holding company of Octopus Investments Ltd, has recently acquired for an undisclosed sum the management company through which Jonathan Samuels set up and managed the Dragonfly Property Finance lending business.
Jonathan, and the employees of the management business, will be joining Octopus Investments as full-time employees. Jonathan will be CEO of Dragonfly Property Finance.
Simon Rogerson, CEO of Octopus Investments, commented:
“Jonathan first pitched this niche property lending business to us over 4 years ago. It was a bold and counter-cyclical business plan, but Octopus Investments prides itself on working with experienced and entrepreneurial-minded people. Since then the business has outgrown both our and Jonathan’s most ambitious hopes. As part of this acquisition, we welcome Jonathan and his employees to the Octopus team.”
Jonathan Samuels, CEO of Dragonfly Property Finance, added:
“Octopus are a fantastically successful asset manager with over £3bn funds under management. Octopus are market leaders in innovative tax solutions and have a very entrepreneurial and dynamic mindset. We have worked closely together over the past 4 years and I personally look forward to becoming part of the team driving the business forward.”