8th Apr 2020 17:17
(Alliance News) - Oakley Capital Investments Ltd on Wednesday said it has completed the sale of its remaining stake in premium schools operator Inspired.
The investment company said it has - along with private equity fund Oakley Capital Private Equity II - sold its remaining holdings in Inspired, with Oakley Capital Investments receiving GBP99 million net therefore adding around 10 pence to its net asset value per share as at December 31 of 345p.
Oakley Capital Investments said that following receipt of the sale proceeds, it will have cash of GBP250 million, representing around 128 pence per share and 36% of NAV as at the end of December.
The stock closed 8.8% higher at 210.00p each on Wednesday in London.
By Ife Taiwo; [email protected]
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