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IN BRIEF: Oakley Capital invests in broadband platform vitroconnect

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.

Current stock price: flat at 474.00 pence each

12-month change: down 0.3%

By Hugh Cameron, Alliance News reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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