24th May 2018 15:44
LONDON (Alliance News) - Oakley Capital Investments Ltd said Thursday that its Oakley Capital Private Equity II has agreed to sell its stake in Italian online price comparison website Facile.it to EQT VIII for GBP52.2 million cash.
The sale proceeds represents an increase of GBP19.1 million to the December 2017 net asset value, lifting the NAV per share by 9.3 pence, the investment company said.
Oakley Capital also said that its Oakley Capital Private Equity III will invest EUR80 million alongside EQT in Facile. The parent company's contribution to Fund III's investment in Facile is expected to be around GBP28.6 million.
Shares in Oakley Capital Investments were up at 2.8% at 183.00 pence each.
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