17th May 2023 12:00
Oakley Capital Investments Ltd - Bermuda-based company, which provides access to the private equity funds advised by Oakley Capital Ltd - Says investment adviser Oakley Capital raises a continuation fund to extend a partnership with IU Group, a private university group in Germany. Will acquire IU alongside Oakley Capital Fund V from Oakley Capital Fund III. This will extend Oakley's ownership and control of the business.
This comes after Oakley Capital Fund III reached an agreement to realise its stake in IU last week. As part of the transaction, Oakley Capital vehicles - including Oakley Capital Fund V said they would invest in IU. Oakley Capital Investments said last week its share of the proceeds will be GBP240 million. Oakley Capital Investments' indirect contribution via Fund V will be GBP67 million.
Current stock price: 472,00 pence, down 0.4%
12-month change: up 15%
By Sabrina Penty, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Oakley