logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. The markets benefited from a positive reaction to the latest batch of economic news. Frontier Airlines has crashed its own website after offering $1 fares from select U.S. markets. In another sign that the jobs market is improving, the Federal Reserve's Beige Book has reported increased wage pressures in a number of districts around the U.S. "Several" of the 12 district banks "reported increasing wage pressures caused by labor market tightening," according to the Beige Book,...
comments powered by Disqus
Follow RTT