UK - Penta Capital sells stake to Old Oak Holdings

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.