Oakley Capital opts against an offer for UK's Gamma Communications (updated)

Gamma Communications

12/06/2026 16:47

Adds details and background throughout

    June 12 (Reuters) - 
    Private equity firm Oakley Capital said on Friday it does not intend to make an offer for Gamma Communications GAMA.L, dropping out of the race for the British telecoms firm. 
Gamma in May said it is in preliminary talks with PE firm Epiris, and separately, a consortium led by Oakley and Giacom, on a potential takeover.
Here are more details: 

        Gamma's shares dropped 6% on the news.
      

        Oakley said it was acting alone on a potential offer and was never in concert with IT service provider Giacom.
Gamma Communications did not immediately respond to a Reuters request for comment.  
The telecom company disclosed in early April that it was in preliminary discussions with a number of interested counterparties for a potential sale. 
Gamma is among a growing list of British firms attracting private equity interest as subdued stock valuations make them appealing buyout targets. 

 (Reporting by Rishab Shaju, Prerna Bedi and Ankita Bora in Bengaluru; Editing by Rashmi Aich and Sahal Muhammed)
 ((Ankita.Bora@thomsonreuters.com;))