25th Mar 2019 12:32
LONDON (Alliance News) - Oakley Capital Investments Ltd on Monday said its fund Oakley Capital Private Equity III agreed to acquire UNIT4 Business Software Iberica SA, known as Ekon, from its current shareholder Unit4 NV.
Ekon is a Spanish provider of business software founded in 1963. Oakley's indirect contribution for the business acquisition through its interest in Fund III, is expected to be around GBP20 million.
Ekon will be the company's first investment in Spain and the second software platform in Fund III.
Oakley Capital Investments shares were up 0.2% at 198.44 pence each.
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