- Oakley Capital Investments (OCI) has announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes in WebPros Group to CVC Fund VII.

It also confirmed a follow-on investment, with Oakley Capital IV to invest $200m alongside CVC Fund VII as a minority partner to benefit from 'long-term growth opportunities and new product developments'.

OCI's share of Fund IV's investment is expected to be approximately £43m.

OCI's share of the proceeds will be approximately £110m following the transaction, which represents an uplift of 26p per share to the company's net asset value at 30 June 2019.

CVC Capital Partners senior managing director Leif Lindback said: 'WebPros brings critical automation and security tools to hosting providers, web agencies and their customers.

'We look forward to partnering with Oakley Capital and working closely with the management team to continue building the leading global SaaS hosting platform for server management.'

At 9:27am: [LON:OCI] Oakley Capital Investments Ltd share price was +15.5p at 255p

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