Oakley Capital to acquire Ekon from Unit4 for £20m.

Oakley Capital Investments agreed to acquire UNIT4 Business Software Iberica, known as Ekon, a leading Spanish provider of business software, from its current shareholder Unit4. OCI's indirect contribution is expected to be approximately £20m, dependent on the capital structure at completion. Completion is subject to a demerger process to separate non-Ekon activities from Unit4 Business Software Ibérica. Peter Dubens, Managing Partner, Oakley Capital commented: "With highly visible revenues, a loyal customer base and a clear structural growth opportunity, Ekon demonstrates many of the key characteristics that Oakley targets in an investment. We believe the business has a best-in-class solution and is well positioned to capitalise on the growing demand for cloud ERP. We very much look forward to supporting Juan Antonio and his team as they accelerate growth over the coming years."