Oakley Capital Investments to Sell Cloud Hosting Platform Contabo.
MANews-(C)2009-2022
Bermuda-based Oakley Capital Investments Ltd's (LSE: OCI) Oakley Capital Fund IV2 has reached an agreement to sell its stake in cloud hosting platform Contabo, which is used by SMEs, the firm said.
OCI's share of proceeds will be c.GBP 59m (USD 72.66m) and the sale represents a c.105% premium to the 31 March 2022 carrying value, an uplift of c.17 pence per share to the company's NAV.
As part of the transaction, Oakley Capital Fund V...
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