Completion of disposal of Hos

RNS Number : 2135V

Oakley Capital Investments Limited

29 October 2010

 



29 October 2010

Oakley Capital Investments Limited

Completion of disposal of Host Europe for £222m

Oakley Capital Investments Limited (AIM:OCL, OCIL, the "Company"), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Limited Partnership" or the "LP" ) announces that the disposal by the Limited Partnership of Host Europe Corporation Limited ("Host Europe") to Montagu Private Equity has been approved by Germany's Federal Cartel Office (Bundeskartellamt) and has been completed for a consideration of £222 million.

As noted on 15 September 2010, the Limited Partnership acquired Host Europe in April 2008 for a consideration of £128 million.  Host Europe included Vialtus Solutions, which was sold to Daisy Group plc in July 2009 for a consideration of £42 million consisting of £13 million of cash and the issue of 36.25 million ordinary shares in Daisy Group plc ("Daisy").  Following the sale of Host Europe, the Limited Partnership has retained the 14% interest in Daisy.

-ends-

For further information please contact: 

Oakley Capital Investments Limited	[phone]
Peter Dubens (Director)
Financial Dynamics	[phone]
Juliet Clarke
Liberum Capital Limited (Financial Adviser & Broker)	[phone]
Steven Tredget / Steve Pearce

 

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