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Oakley Capital to divest stake in software company WebPros

Oakley Capital Investments Ltd.'s fund Oakley Capital Private Equity III together with coinvestors agreed to sell their stakes in WebPros Group to CVC Fund VII.

Oakley Capital IV will invest $200 million, with CVC Fund VII as a minority partner, in a move to benefit from long-term growth opportunities and product developments. Oakley Capital Investments' share of Oakley Capital IV's investment is expected to be about £43 million.

Oakley Capital Investments' share of the proceeds from the transaction will be about £110 million, which represents a boost of 26 pence per share to the company's net asset value at June 30.

The transaction is subject to customary regulatory approvals.