Oakhill Group plans to raise €10 million with the placing of shares valued at €0.35 per ordinary share.
Application will be made for the placing of the shares on the Alternative Investment Market in London and the Irish Enterprise Exchange.
The group is intending to invest in financial services, telecommunications, digital media, print and property in Ireland and the United Kingdom initially. Further expansion to other markets is proposed in the longer term.
The company also announced a proposed name change to Prime Active Capital, in line with its new operations focus.