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
International Business Machines Corp. said Monday after the markets closed that its first quarter profit fell 2.4% from last year, as improved margins could not offset a 12% decrease in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Norway is all set to shut down FM radio in 2017, Radio.no reported. The Nordic country will be the first to scrap as it plans a shift to Digital Audio Broadcasting. The trailer of Star Wars: The Force Awakens, the latest installment from epic space film franchisee created by George Lucas, has sent both fans and Disney investors into a frenzy. Walt Disney Co.'s (DIS) market capitalization, which now owns the Star Wars franchisee, was boosted by about $2 billion...
comments powered by Disqus
Follow RTT