Oakley Capital to buy majority stake in PE-backed TechInsights
An affiliate of Bermuda private equity firm Oakley Capital Investments has agreed to acquire a majority stake in TechInsights, an Ottawa-based provider of intellectual property consulting, patent brokerage, and technical reverse engineering. Oakley said it expects to invest US$49.9 million in the business. The seller is AXIO Group Management Ltd, a portfolio company of Electra Private Equity, a U.K. private equity firm. Oakley will partner in the deal with AXIO CEO Henry Elkington, who will become TechInsights' chairman with the acquisition's close. Oakley said it will support the growth of TechInsights' subscription and syndicated data product offering.
15 May 2017•3 mins read
