Oakley Capital Origin Fund of Oakley Capital Investments Limited (LSE:OCI) and Oakley Capital Management Limited along with Jochen Berger and Tom Strohe entered into binding agreement to acquire 66.67% stake in Domains Business from Webcentral Limited (ASX:WCG) for approximately AUD 120 million on October 26, 2023. The consideration is subject to customary locked box completion adjustments. Transaction funding will be through debt commitment letter for AUD 80 million and an equity commitment letter from Oakley and its partners. Completion is subject to debt financing and is expected by late-November 2023. Proceeds from the sale will be used for repayment of debt facilities and transaction costs and towards acquisitions and organic growth initiatives. Chris Clarke, Darren Vickers and Owen Matthews of Liberum Capital Limited acted as financial advisors for Oakley. Macquarie Capital (Australia) Limited acted as a financial advisor to Webcentral Limited. Michael Gajic, Hai-Dang Nguyen, Ashley Rose, Erin Kidd, Richard Horton of Squire Patton Boggs acted as legal advisor to Oakley Capital. Norton Rose Fulbright Australia acted as legal advisor to Webcentral Limited.

Oakley Capital Origin Fund of Oakley Capital Investments Limited (LSE:OCI) and Oakley Capital Management Limited along with Jochen Berger and Tom Strohe completed the acquisition of 66.67% stake in Domains Business from Webcentral Limited (ASX:WCG) on November 20, 2023.