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
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising. Alphabet's first-quarter profit rose to $5.43 billion or $7.73 per share from $4.21 billion or $6.02 per share last year. On... A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision.
comments powered by Disqus
Follow RTT