11th Jun 2024 10:46
Oakley Capital Investments Ltd - Bermuda-based private equity firm specialising in the technology, consumer, education and business services sectors - Says Oakley Capital Fund V has been granted exclusivity with a view to buying a co-controlling stake in I-Tracing, a cybersecurity service provider based in Courbevoie, France. Expects its indirect contribution via Fund V to total up to approximately GBP39 million. The other co-controlling stake in I-Tracing is held by Paris-based investment firm Eurazeo. Sagard NewGen will also reinvest with a minority stake. Company says I-Tracing "has more than doubled in size over the last three years, driven by organic revenue growth of [approximately] 30% per annum supplemented by acquisitions". Read More
