Oakley Capital fund invests in Spanish software group Ekon

14:08 25/03/2019
StockMarketWire.com - Oakley Capital Investments said that Oakley Capital Fund III had agreed to acquire Spanish group UNIT4 Business Software, also known as Ekon, from current shareholder Unit4.

Oakley Capital Investments' indirect contribution through its interest in Oakley Capital Private Equity III was expected to be around £20m, dependent on the capital structure at completion.

Completion was subject to a demerger process to separate non-Ekon activities from Unit4 Business Software.

Ekon would be Oakley Capital's first investment in Spain and its second software platform in Fund III.

At 2:08pm: (LON:OCI) Oakley Capital Investments Ltd share price was +2p at 200p

Story provided by StockMarketWire.com



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