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.

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.

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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