Oakley Capital sells Headland for £15.5m
Oakley Capital Investments has sold news services provider Headland Media Ltd to KVH Industries in a deal that gives the firm an enterprise value of £15.5m.
KVH is a mobile satellite communications provider. The Headland sale generated a 2.7x return and a 27% IRR for the Oakley Capital Private Equity vehicle, which closed on €350m in 2009.
Previous funding
Oakley acquired the company in 2008 from BskyB. While under the GP's ownership, the company followed a buy-and-build strategy, completing four bolt-on acquisitions.
Company
Headland provides media, entertainment and news digest services to the retail, hotel, shipping and offshore sectors, and to remote locations. The company was founded in 1984 and is based in Liverpool.
People
Peter Dubens is a director at Oakley.
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