Penta Capital has arranged a strategic investment from Old Oak Holdings Ltd. The deal will see Old Oak, the independent fund management group owned by hedge fund manager Martin Hughes, acquiring a 40% equity stake in Penta Capital for an undisclosed consideration. Completion is subject to regulatory approval. In addition Old Oak and Martin Hughes will commit significant new investment funds to Penta Capital upon completion of the acquisition.
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US