14th May 2024 14:35
Oakley Capital Investments Ltd - private equity firm specialising in the technology, consumer, education and business services sectors - Says Oakley Capital Origin II has signed its first platform investment, acquiring Gutersloh, Germany-based vitroconnect GmbH. Oakley describes vitroconnect as a "leading broadband open access platform", which connects broadband providers with resellers through its proprietary single interface software platform. The details of Origin II's investment were not disclosed. However, London-listed Oakley Capital's indirect contribution to Origin II is anticipated to be GBP19 million, the firm says.
The transaction, subject to regulatory approval, is expected to complete around the end of the first half of the year, Oakley says.
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By Hugh Cameron, Alliance News reporter
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