Oak Hill Capital has agreed to invest $150 million into Oversee.net, an provider of online marketing solutions. The deal is expected to close later this month, and does not represent a control or majority acquisition.
Oversee.net, an online marketing solutions provider, announced today that it has executed a definitive agreement with Oak Hill Capital Partners, a private equity firm, for an investment of $150 million in Oversee.net's holding company. Specific terms of the transactions were not disclosed.
According to Oversee, the funds will be used to augment organic growth and acquire technologies that will enhance its suite of services in the online marketing and domain name industries. Oversee's DomainSponsor