Oakley Capital To Sell Emesa Group Holdings B.V. For EUR 95 Mln - Quick Facts

12/24/2012 5:42 AM ET

Oakley Capital Investments Ltd. (OCL.L), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. announced the disposal by the Limited Partnership of Emesa Group Holdings B.V., an online consumer auction platform in the European leisure industry, to Dasym Emesa Holding B.V. a fund managed by Cyrte Investments B.V., for an enterprise value of 95 million euros.

Consequently, the company may receive 30 million euros from the Limited Partnership as its share of proceeds from the sale, representing a 21% uplift in the net asset value previously attributed to Emesa. The net asset value per share of the company is likely to increase by some 3 pence from the last published net asset value per share of 174 pence as on June 30, 2012, as a result of this transaction.

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by RTT Staff Writer

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