Oakley Capital Investments Ltd - private equity firm specialising in the technology, consumer, education and business services sectors - Says Oakley Capital Origin II has signed its first platform investment, acquiring Gutersloh, Germany-based vitroconnect GmbH. Oakley describes vitroconnect as a ‘leading broadband open access platform’, which connects broadband providers with resellers through its proprietary single interface software platform. The details of Origin II’s investment were not disclosed. However, London-listed Oakley Capital’s indirect contribution to Origin II is anticipated to be £19 million, the firm says.

The transaction, subject to regulatory approval, is expected to complete around the end of the first half of the year, Oakley says.

Current stock price: flat at 474.00 pence each

12-month change: down 0.3%

Copyright 2024 Alliance News Ltd. All Rights Reserved.