Oakley Capital Buys Up European Business Of Damovo With Daisy Founder

LONDON (Alliance News) - Oakley Capital Investments Ltd on Friday said its Oakley Capital Private ...

Alliance News 30 January, 2015 | 10:13AM
Email Form

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; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

Email Form
Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Oakley Capital Investments Ord 175.00 GBX 0.00
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.