Oakley acquires Damovo Europe

Oakley has acquired Damovo's operations in Germany, Ireland, Switzerland, Poland and Belgium as well as Damovo's Global Services business. The GP invested via its second fund, Oakley Capital Private Equity II.

As part of the transaction, Matthew Riley, founder of Daisy Group, has invested alongside Oakley and has been appointed executive chairman.

According to Oakley, the unified communications market is expected to be worth $75bn by 2020, with significant growth coming from Europe. The GP intends to develop Damovo Europe through a roll-up strategy, replicating the success of Daisy Group.

Company
Damovo Europe provides enterprise information communication technology (ICT) services. It specialises in unified communications and collaboration including IP-enabled voice communication, email exchange services, messaging, voicemail, audio, web and video conferencing. Other services include enterprise networks, contact centres and cloud services.

The company employs 271 people across its 14 locations in Europe.

People
Rebecca Gibson is a partner at Oakley.

Advisers
Equity - EY (Financial due diligence); PwC (Commercial due diligence); Addleshaw Goddard (Legal); DLA Piper (Legal); BDO (Tax).

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• Oakley Capital