Investment in intergenia

RNS Number : 6113S

Oakley Capital Investments Limited

23 November 2011

 



23 November 2011

Oakley Capital Investments Limited

Investment in intergenia

Oakley Capital Investments Limited (AIM: OCL, the ''Company''), the AIM-listed company establishedto provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Fund"), today announces that the Fund has agreed to acquire a 51% stake in the business currently conducted by intergenia AG, a leading web hosting company providing

managed, dedicated and cloud hosting.

intergenia trades under three different hosting brands (PlusServer, serverloft and SERVER4YOU),and is headquartered in Cologne, (Germany). The group owns data centres in Strasbourg (France) and St Louis (USA), and also owns WorldHostingDays, which operates the largest series of hosting conferences worldwide. intergenia has a geographically diversified customer base composed predominantly of SME customers and is one of the German market leaders in providing dedicated hosting to SMEs.

The managed hosting market in Europe and North America is expected to grow at between 15% and 20% per annum through to 2013 according to published estimates. The Fund believes intergenia is well-positioned to benefit from these market trends and achieve further growth both domestically and internationally.

As part of the transaction the Company will be providing €10 million of senior financing with the Fund providing an additional €30 million of equity financing to fund the acquisition (including transaction costs). Founders including senior management will retain an indirect 49% stake in the business post-acquisition and will benefit from a vendor loan. The transaction is conditional upon the reorganisation of the target group structure and is expected to complete on 31 December 2011.

The Fund is providing financial and strategic support in a buyout of intergenia to support management in taking the business to the next stage of its development.

Peter Dubens, Director of Oakley Capital Investments Limited, said,

"We are delighted to be backing such a talented management team in an industry,namely webhosting, which we know well. intergenia is an impressive company which has built one of Europe's most energy efficient data centres, utilising ground water cooling. The company's highly efficient operating platform has allowed it to expand internationally with France, USA, Switzerland and Brazil being the largest contributors to revenue after Germany. intergenia is well positioned for growth in cloud hosting services and makes an attractive addition to Oakley Capital Private Equity L.P.'s portfolio "

Arma Partners acted as exclusive financial advisor to intergenia AG

-ends-

For further information please contact:

Oakley Capital Investments Limited

[phone]

Peter Dubens

FTI Consulting

[phone]

Edward Bridges / Nick Hasell

Liberum Capital Limited (Financial Adviser & Broker)

[phone]

Steven Tredget / Steve Pearce

About Oakley Capital Investments Limited ("OCL")

Oakley Capital Investments Limited is a Bermudan based company listed on AIM. OCL seeks to

provide investors with long term capital appreciation through its investment in Oakley Capital Private

Equity L.P. and, over time, through co-investment opportunities.

About Oakley Capital Private Equity L.P. (the "Fund")

Oakley Capital Private Equity L.P. is an unlisted UK and European mid-market private equity fund with the aim of providing investors with significant long term capital appreciation.

The Fund's investment strategy is to focus on buy-out opportunities in industries with the potential for

growth, consolidation and performance improvement. The Fund seeks to invest in companies with

scale in their industry subsectors, thereby creating a sustainable earnings stream which should command a premium on exit.

About intergenia

intergenia is a Germany based hosting business focusing on managed, cloud and dedicated hosting.

intergenia trades under the brands PlusServer, serverloft and SERVER4YOU serving a

geographically diversified customer base composed predominantly of SMEs. The business owns two

data centres in Strasbourg (France) and St Louis (USA).

 

END

 

 

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