Oakley Capital Buys Controlling Stake In German Web Co.

Law360, New York (November 23, 2011, 3:52 PM EST) -- Private equity firm Oakley Capital Investment Ltd. will buy a majority stake in German Web hosting company intergenia AG, Oakley said Wednesday.

Oakley will provide €10 million ($13.6 million) of senior financing and €30 million of equity financing to fund the deal. intergenia's founders and senior management will keep a 49 percent indirect stake in the business and receive a vendor loan. The transaction is expected to close by Dec. 31.

Cologne, Germany-based intergenia and its three hosting brands — PlusServer, serverloft and SERVER4YOU — provide...
To view the full article, register now.