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.

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

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Free 6 issue trial then continue to