Oakley Capital Investments Limited Plesk acquisition of SolusVM
June 11 2018 - 1:00AM
RNS Non-Regulatory
TIDMOCI
Oakley Capital Investments Limited
11 June 2018
11 June 2018
Oakley Capital Investments Limited
Plesk acquisition of SolusVM
Oakley Capital Investments Limited(1) (AIM:OCI, the "Company")
is pleased to announce that Oakley Capital Private Equity III(2)
("Fund III") portfolio company Plesk(3) , 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
(1) About 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
(2) About 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.
(3) About 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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END
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