LONDON (Alliance News) - Oakley Capital Investments Ltd on Thursday said its investee Inspired has received a "significant" strategic growth investment from Warburg Pincus, a private equity firm, and TA Associates, an existing shareholder.
Inspired is an operator of premium schools.
The AIM-listed investment firm said Oakley Capital Private Equity II has sold down a part of its stake as part of the transaction. Following the transaction, Oakley's interest in Inspired, through both its direct investment and through its funds, is valued at EUR102 million.
Financial terms have not been disclosed; however Oakley said its share of proceeds from this transaction will be EUR40 million.
"We are excited to welcome Warburg Pincus as an Inspired shareholder and look forward to working together to support Inspired through the next stage of its growth," said Oakley Managing Partner Peter Dubens.
Oakley shares were trading 4.4% higher on Thursday at 217.59 pence each.