Octopus Group
 | |
| Octopus Group | |
| Formerly | Octopus Capital plc (2000–2006)[1] |
| Company type | Private |
| Industry | Conglomerate |
| Founded | April 19, 2000in London, England[2] |
| Founders |
|
| Headquarters | London |
Key people | Simon Rogerson (CEO) |
| AUM | £12.6bn (2022) |
| Website | octopusgroup |
Octopus Capital Limited,[1]trading asOctopus Group,is a privately held United Kingdom basedholding companyfounded in 2000 by Simon Rogerson, Christopher Hulatt and Guy Myles as a fund management company. Through its subsidiaries, it operates in theinvestment management,venture capital,energy, andreal estateindustries.[3][4]
As of December 2019, Octopus Group has more than 1.5 million customers and manages more than £12bn on behalf of its investors.
Businesses[edit]
Octopus Energy[edit]
Octopus Energy was established in 2015 as aretail electricityand gas supplier in the UK, and by December 2019, had over 1.35 million domestic and business customers. Under the Octopus Energy Group brand, it has expanded into energy for business and energy services, and licences its customer handling software to other energy suppliers.[5]
Octopus Energy Generation[edit]
Octopus Energy Generation owns and managesrenewable energyproduction, particularly insolarand onshorewind.It is one of the largest owners ofrenewable energyinfrastructurein Europe, with £3bn of assets under management.[6]Previously a separate entity within Octopus Group, the company was acquired by Octopus Energy in July 2021.[7]Octopus Energy Generation is the manager ofOctopus Renewables Infrastructure Trust,[8]an investment fund which was floated on the London Stock Exchange in December 2019.[9]
Octopus Inheritance Tax Service[edit]
Octopus Inheritance Tax Service provides investors a possibility to purchase shares of one or more unquoted UK companies that are contributing to the UK economy growth. Notable investments include Fern Trading Ltd.,[10]a £2.8 billion trading company with a concentration on short-term loans to seasoned real estate professionals, as well as the development and management of fiber broadband in underserved areas. In 2020,Vor Bosswas added to Fern's portfolio of UK broadband network builders, getting £250m in funding.[11][12]
Octopus Money[edit]
Octopus Money was launched in 2023 to offer money coaching and advice to consumers, often through the individual's employer.[13][14]The business is run by Ruth Handcock, who joined Octopus Investments fromTandem Bankin 2018.[13]The launch of the brand followed the purchase of Hatch Financial Coaching in 2021,[13]and replaced Octopus Wealth, a financial advice business announced in 2018.[15]
Octopus Investments[edit]
Octopus Investments is aninvestment managementcompany which manages a number ofinvestment funds,with some structured asventure capital trusts(VCTs). In 2019, Octopus Investments was the first VCT manager to exceed £1bn of assets managed within its funds.[16]One VTC – Octopus Future Generations VCT – invests in businesses that are helping to build asustainableplanet, empower people, or revitalizehealthcare.[17]
Octopus Ventures[edit]
Octopus Ventures is aventure capitalfund with £1.2bn of funds under management. Notable Octopus Ventures investments includeSwiftKey,Eve Sleep, ManyPets (formerly known as Bought By Many),LoveFilm,Graze,andZoopla.[18]
Octopus Real Estate[edit]
Octopus Real Estate (formerly known as Octopus Property) provides finance and investment for care homes,retirement villages,affordable housing, and residential & commercial properties. It was formed in 2019 by the merger of two existing businesses, Octopus Property and Octopus Healthcare, and had £2bn of funds under management in 2019.[19]
Octopus Legacy[edit]
Octopus Legacy provides services for people to plan for their death (will writing, life insurance, power of attorney) as well asprobateand deceased estate management.[20]The business was founded as Guardian Angel in 2016 by Sam Grice, and Octopus Investments acquired a majority stake in 2022.[21]
References[edit]
- ^ab"Octopus Capital Limited overview - Find and update company information - GOV.UK".Companies House.19 April 2000.Retrieved5 July2024.
- ^"Incorporation".Companies House.19 April 2000.Retrieved5 July2024.
- ^Bounds, Andy (12 October 2016)."Octopus Group founders are EY UK Entrepreneurs of the Year".Financial Times.Retrieved27 February2020.
- ^"About".Octopus Group.Retrieved27 February2020.
- ^"Octopus Energy Group".Retrieved8 May2021.
- ^"About".Octopus Renewables.Retrieved27 February2020.
- ^Cotton, Barney (5 July 2021)."FCA clears acquisition of Octopus Renewables by Octopus Energy".Business Leader.Retrieved7 July2021.
- ^"Octopus Renewables - Further Investment Management Update".Proactiveinvestors UK.30 June 2021.Retrieved7 July2021.
- ^Thicknesse, Edward (6 December 2019)."New Octopus Renewables trust smashes target in £350m float".City A.M.Retrieved27 February2020.
- ^"The outlook for Fern Trading Limited".Octopus Investments.4 August 2022. Archived fromthe originalon 30 March 2023.Retrieved10 April2024.
- ^Jackson, Mark (13 February 2021)."Full Fibre UK ISP Vor Boss Acquired by Fern Trading Limited".ISPreview UK.Retrieved10 April2024.
- ^"London Tech Week: The capital is being 'held hostage by legacy fibre providers'".London Tech News.15 June 2023.Retrieved10 April2024.
- ^abcHickey, Sally (24 May 2023)."Octopus Group launches money coaching and advice business".FTAdviser.Retrieved24 May2023.
- ^"About".Octopus Money.Retrieved24 May2023.
- ^Walmsley, Charles (19 December 2018)."Octopus launches restricted advice business".citywire.Retrieved24 May2023.
- ^Jones, Jonathan (19 February 2019)."Tax-shy investors pour £1bn into Octopus".The Times.Retrieved27 February2020.
- ^"Octopus Ventures".Angels Partners.Retrieved21 November2023.
- ^"Portfolio".Octopus Ventures.Retrieved27 February2020.
- ^"Octopus launches Octopus Real Estate with GBP2 billion FUM".Property Funds World.8 May 2019.
- ^Mclaughlin, Aimee (31 January 2024)."Octopus Legacy on changing how we talk about death".Creative Review.Retrieved23 February2024.
- ^Rach, Sonia (12 December 2022)."Octopus buys tech firm to help people prepare for death".FT Adviser.Retrieved23 February2024.