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Oakley Capital Inv. (OCI)

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Monday 11 June, 2018

Oakley Capital Inv.

Plesk acquisition of SolusVM

RNS Number : 8632Q
Oakley Capital Investments Limited
11 June 2018
 

11 June 2018

 

Oakley Capital Investments Limited

 

Plesk acquisition of SolusVM

 

Oakley Capital Investments Limited1 (AIM:OCI, the "Company") is pleased to announce that Oakley Capital Private Equity III2 ("Fund III") portfolio company Plesk3, a global software provider, has completed a deal to acquire the assets and operations of SolusVM from OnApp. The deal has been funded entirely using free cashflow from Plesk and no further equity or debt financing was required.

SolusVM is an Infrastructure-as-a-Service management system designed to work with virtual private server hosting packages. This complementary functionality of SolusVM will enhance the Plesk portfolio and demonstrates its commitment to developing the product offering for its hosting provider, reseller and end-user customers.  This is the second acquisition made by Plesk since Fund III's investment in April 2017 following the purchase last year of XOVI, a market-leading search engine optimisation software company.

 

 

For further information please contact:

 

Oakley Capital Investments Limited

+44 20 7766 6900

Peter Dubens, Director

Steven Tredget, Investor Relations

 

Greenbrook Communications Ltd

+44 20 7952 2000

Alex Jones / Matthew Goodman / Gina Bell

 

Liberum Capital Limited (Nominated Adviser & Broker)

+44 20 3100 2000

Steve Pearce / Henry Freeman / Jill Li

 

 

1About Oakley Capital Investments Limited ("OCI")

Oakley Capital Investments Limited is a Bermudian company listed on AIM. OCI seeks to provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and through co-investment opportunities.

 

LEI Number: 213800KW6MZUK12CQ815

 

2About Oakley Capital Private Equity L.P. ("Fund I"), Oakley Capital Private Equity II ("Fund II") and Oakley Capital Private Equity III ("Fund III")

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II and Oakley Capital Private Equity III, are unlisted mid-market private equity funds with the aim of providing investors with significant long term capital appreciation. The investment strategy of the funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.

 

3About Plesk

Plesk is a global software company founded in 1999 that has operated independently since May 2017. With over 377,000 server installations and 11 Million hosted websites, Plesk is a leading platform to build, secure and run websites and applications in the cloud.


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