Oakley Capital appoints Daisy to manage 2e2 Data Centre business
AIM-listed business communications provider Daisy Group has been appointed to manage the 2e2 Data Centre business by Oakley Capital Private Equity.
AIM-listed business communications provider Daisy Group has been appointed to manage the 2e2 Data Centre business by Oakley Capital Private Equity.
Oakley acquired, through a special purpose vehicle, Daisy Data Centre Solutions, the business and assets of the 2e2 Data Centre business owned by the 2e2 Group that is in administration.
An update issued by Daisy stated that the contract, alongside other investments the group was making into its data centre offering, would enhance Daisy Group's portfolio and would significantly increase exposure to the market.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Matthew Riley, Chief Executive Officer of Daisy, said: "This appointment provides 2e2 customers with the opportunity to work with a long-term partner with proven expertise in the growing data and hosting market.
"Through the additional data centre facilities the Group is in a position to significantly expand its data and hosting footprint, providing stability to existing 2e2 customers and offering further expertise and resource to Daisy customers."
Daisy's share price was up 2.29% to 106p at 09:11 on Friday morning.
Oakley Capital Private Equity is a mid-market private equity fund with over 280m euros of committed capital.
MF
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published