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(Alliance News) - Oakley Capital Investments Ltd on Monday said that Oakley Capital Origin Fund I has agreed to buy a majority stake in Alerce Group, a Madrid-based provider of transport and logistics software solutions.
The firm, which provides access to private equity investments of Oakley funds, said that Origin will invest alongside Alerce's founding family. This includes Alerce's Chief Executive Officer Pablo Pardo Garcia, who will retain a "significant" stake in the business.
Oakley Capital's indirect contribution via Origin will be GBP9 million.
However, it did tell investors that the transaction reflected its strategy of partnering with founder-owned businesses to "accelerate growth and facilitate international expansion".
It also said the investment highlighted its "commitment to Iberia", expanding its portfolio of existing investments in the region.
The completion of the transaction is contingent upon foreign direct investment approval.
"We are pleased to be partnering with the Pardo family on Alerce, a company which has all the characteristics we seek in a typical Oakley investment," said Peter Dubens, managing partner of Oakley Capital.
"Carrier TMS is a mission critical vertical software segment that is well positioned for innovation, and Alerce's track record and vision align with our strategy of driving growth and technological advancement. Together, we will deliver an ambitious growth plan, enhancing efficiency and value for all stakeholders."
Oakley Capital Investments shares were trading 0.2% lower at 418.55 pence each in London on Monday morning.
By Holly Beveridge, Alliance News reporter
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