LONDON (ShareCast) - (ShareCast News) - Oakley Capital Investments Ltd has completed a deal to acquire the assets and operations of Plesk via Oakley Capital Private Equity III (Fund III).
The deal was at an enterprise value of $105m, as a carve out from the Parallels Group.

Fund III had invested $27.4m for a 51% controlling stake in the business.

The company's indirect contribution through its interest in Fund III was about £10.0m.

The investment in Plesk represented another primary, proprietary deal in one of Oakley's core sectors, originating from long-standing relationships within the hosting industry.

Plesk was one of the most widely used control panels and software platforms for simplifying the lives of Web Professionals.

It generated revenues of $28m and EBITDA of about $14m for the year to 31 December 2016.

At 10:37 BST, shares in Oakley Capital Investments were up 0.33% to 154p each.

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