Oakley Capital Private Equity L.P. (the “Fund”) today announces that the disposal by the Fund of Headland Media Limited (“Headland”), a leading provider of media to retail, hotel, shipping and offshore sectors, to KVH Industries, Inc. has been completed for gross consideration of £15.5m.
The Fund originally acquired Headland in January 2008 and over the period of the Fund’s ownership Headland has completed four bolt-on acquisitions. The transaction represents a 2.7x gross return for the Fund, with an IRR of 27%.
