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BRIEF-Oakley Capital sells stake in Intergenia Holding to HEG
December 17, 2014 / 10:43 AM / 3 years ago

BRIEF-Oakley Capital sells stake in Intergenia Holding to HEG

Dec 17 (Reuters) - Oakley Capital Investments Ltd :

* Disposal of Intergenia Holding GMBH

* Announces Oakley Capital Private Equity II and its co-owner Bellaxa AG’s agreement to dispose of Intergenia Holding GMBH and its subsidiaries to HEG Co. GMBH (“Host Europe”), for an enterprise value of 210 million euros

* Transaction is expected to generate a 2.5x gross money multiple for funds, with an IRR of 36 percent

* OCIL will receive 21 million euros, which will be applied in pursuance of company’s investment policy

* Disposal follows Fund I’s agreed divestment of its 13.6 percent stake in Daisy Group Plc (“Daisy”) for a gross consideration of 67 million stg Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)

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