30th Jan 2015 10:13
LONDON (Alliance News) - Oakley Capital Investments Ltd on Friday said its Oakley Capital Private Equity II fund has bought a significant stake in the European companies operated and owned by Damovo II Sarl.
Oakley said it has acquired the ICT services company's operations in Germany, Ireland, Switzerland, Poland and Belgium, along with its Global Services business.
Matthew Riley, the founder of communications company Daisy Group PLC, is to invest alongside the fund and will become the executive chairman of the new business.
Formerly AIM listed, Daisy was taken private by a consortium comprising Riley, Toscafund Asset Management LLP and Penta Capital LLP in a deal valuing the company at GBP494 million.
Shares in Oakley were down 1.3% to 148.03 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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