Oakley oversees Host sale

Host Europe Corporation Limited, a webhosting company owned by Oakley Capital Private Equity, has sold one of its operating divisions for £42m.

Vialtus Solutions, which provides internet services for SMEs, has been acquired by Freedom4 Group plc, a wireless broadband specialist, which is changing its name to Daisy Group.

The deal will see Daisy pay £13m in cash and £29m in ordinary shares.

London-based mid-market firm Oakley acquired Host in April 2008 for £120m.