Oakley Capital Investments sold its stake in Emesa Group Holdings to Cyrte Investments for 95m euros, the Bermudian-based investor said Friday.

The company's fund, Oakley Capital Private Equity (Limited Partnership), originally purchased Emesa in March 2011 for a consideration of €35m.

The transaction represents a 3.6 times gross return for the fund in less than two years of ownership, with an internal rate of return in excess of 100%.

"Emesa has been another successful investment for the Limited Partnership," Director of Oakley, Peter Dubens, said.

"This is a significant disposal for the fund and delivers an attractive return to investors after a holding period of less than two years. It has been a pleasure for the Oakley team to work with the management of Emesa, and we wish them continued success with their new partners."

Shares dropped 0.18% to 140.00p at 10:52 Friday.

RD

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