Oakley Capital decided to sell Swiss web hosting software maker WebPros around $1.2-1.5 billion. Oakley bought WebPros, in 2017.
Oakley is working with investment bank Arma Partners to deal with the sale. The company said to be approaching private equity firms including Permira, Cinven, Hellman & Friedman, EQT and Advent over their potential interest in WebPros.
Annual earnings increased in 2 years
WebPros makes software for the automation of server tasks for web hosting providers and web professionals, allowing customers to administer websites easily. Oakley bought WebPros, in 2017, and then its annual earnings increased before interest, tax, depreciation, and amortization of $100 million to $110 million.
While Oakley, Arma, Permira, Cinven, Hellman & Friedman, EQT and Advent declined to comment, first-round bids for WebPros are due this month.