Skip to content

Disclaimer

Terms of Access Agreement and Disclaimers

Welcome to the website of Oakley Capital Investments Limited (“OCI”) of Mintflower Place, 3rd Floor, 8 Par-la-Ville Road, Hamilton HM08, Bermuda.

Users of this website are responsible for observing all applicable laws and regulations in their relevant jurisdictions before proceeding to access the information contained within it. By proceeding to access the information, users are deemed to be representing and warranting that the applicable laws and regulations of their relevant jurisdiction allow them to do so.

If you are not permitted to view this website or are in any doubt as to whether you are permitted to view this website, please exit this website immediately by clicking on the button labelled “I Disagree” below.

Restrictions on accessing the website from certain countries

This website and its contents are only intended for persons in the UK and persons in any other jurisdiction to whom such information can lawfully be communicated without any authorisation, licence or approval being obtained. In particular, this website and its contents are not for release, publication or distribution, directly or indirectly, in whole or in part, in or into any member state of the European Economic Area, the United States, Canada, Australia, the Republic of South Africa or Japan. Viewing the information on this website may not be lawful in other jurisdictions.

The information on this website is not directed at and is not for use by any US Person (as defined in Regulation S under the US Securities Act of 1933 (as amended) (“US Securities Act”)). OCI has not been and will not be registered under the US Investment Company Act of 1940 (as amended) and, as such, holders of shares in OCI will not be entitled to the benefits of that Act. Shares in OCI have not been and will not be registered under the US Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States. Shares in OCI may not be offered, sold or delivered, directly or indirectly, in or into the United States or to, or for the account or benefit of, any US Person except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require OCI to register under the US Investment Company Act of 1940 (as amended).

Shares in OCI have not been, and will not be, registered under the securities laws, or with any securities regulatory authority, of any jurisdiction outside the UK.

Purpose of the website

This website is for information only. It is not an offer or invitation to buy or sell, or a solicitation of an offer to buy or sell, or a recommendation to buy or sell, any securities mentioned. Nothing on this website should be taken as an invitation or inducement to engage in any investment activity. Information on this website does not, and should not be deemed to, constitute investment, tax, legal or any other advice.

Investment Risk

All investment is subject to risk. The value of securities and any income from them may go down as well as up, and an investor may not get back the full amount of money invested. Past performance is not a reliable indicator or guarantee of future performance. There is no guarantee that the market price of OCI’s shares will fully reflect their underlying net asset value or that OCI’s investment objective will be achieved. You are strongly encouraged to seek individual advice from your professional adviser(s) before entering into any agreement to buy or sell any security or making any financial or investment decision.

Shares in OCI are traded on the Specialist Fund Segment of the main market of the London Stock Exchange and are intended for institutional, professional, professionally advised and knowledgeable investors primarily seeking exposure to private mid-market UK and Western European businesses through investment in the Oakley Capital Private Equity funds (or successor funds) and: (a) who understand and are willing to assume the potential risks of capital loss associated with investments in such companies, (b) who understand the illiquid nature of private equity compared to other asset classes, (c) for whom an investment in OCI’s shares would be of a long-term nature constituting part of a diversified portfolio, and (d) who understand, or who have been advised of, the potential risk from investing in companies admitted to the Specialist Fund Segment.

OCI is not subject to the UK City Code on Takeover and Mergers.

Accuracy of information and availability of website

This website and its contents are made available on an “as is” and “as available” basis. OCI uses reasonable efforts to ensure that the information on this website is accurate, but OCI and its personnel and agents disclaim and exclude (to the fullest extent permitted by law) all warranties, representations or guarantees (whether express, implied or statutory) that the information is complete, accurate, up-to-date or suitable for a particular purpose. Actual outcomes or results may differ materially from those expressed or implied by any forecast. You agree that access to, and reliance on, this website and any information contained on it is entirely at your own risk.

General

The full terms governing your use of this website are available via the “Legal” link at the foot of each page of the website. If you proceed to access the website, please read the full terms carefully.

These terms of access (and any dispute, controversy, proceedings or claim of whatever nature arising out of or in any way relating thereto) shall be governed by English law. You agree that the courts of England shall have exclusive jurisdiction over any dispute arising out of or in connection with this website or these terms of access.

By clicking the “I accept” button below, you represent, warrant and agree that:

1. you have read and understand the terms of access above and you agree to be bound by them;

2. (if you are located outside the United Kingdom) the applicable laws and regulations of your jurisdiction allow you to access this website and the information contained within it; and

3. you will not seek to acquire shares of OCI if you are a US Person except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require OCI to register under the US Investment Company Act of 1940 (as amended).

If you cannot represent, warrant and agree to the above, you must click the button labelled “I disagree” or otherwise exit this website.

Download Full Report

Chair's Statement

Portfolio strength delivers sustainable growth.

In a year of significant disruption, it is testament to the strength of OCI’s proposition that, despite unprecedented global events, its value has grown materially over the last year.

Chair's Statement (PDF)
Chairman
Caroline Foulger | Chair

FINANCIAL HIGHLIGHTS

Chart with arrow pointing up

OCI performance

Net Asset Value

The total NAV of the Company at 31 December 2020 was: £ 0 m
2020 £ 0 m
2019 £ 0 m
2018 £ 0 m

Total NAV return

As at 31 December 2020, the total NAV return per share was: 0 %
2020 0 %
2019 0 %
2018 0 %

Five-year p.a. total return

As at 31 December 2020, the five-year annualised total NAV return per share was: 0 %
2020 0 %
2019 0 %
2018 0 %

Total shareholder return

As at 31 December 2020, the share price was 286.5p with a total shareholder return for the year of: 0 %
2020 0 %
2019 0 %
2018 0 %
Building Icon

Portfolio companies

LTM EBITDA growth

0 %
2020 0 %
2019 0 %
2018 0 %

EV/EBITDA multiple

0 x
2020 0 x
2019 0 x
2018 0 x

Net debt/EBITDA ratio

0 x
2020 0 x
2019 0 x
2018 0 x

Results Video

Steven Tredget discusses OCI’s financial highlights for the year ended 31 December 2020.

At a Glance

Returns driven by profit growth in a high-quality portfolio of companies.

Hand holding coin

Oakley Fund investments

Total

£ 0 m

% of OCI NAV

0 %
Arrow pointing right

Direct investments

Total

£ 0 m

% of OCI NAV

0 %
Stack of coins

Cash and other

Total

£ 0 m

% of OCI NAV

0 %
At a Glance (PDF)

The Oakley difference

The foundation of Oakley’s success is built on its proprietary origination, with over 75% of deals being uncontested.

Collaborative

Entrepreneurial, open, decisive and focused on building lasting partnerships.

Over 85%

of deals have Oakley as the Company’s first PE investor.

Connected

An established network of business founders that identify opportunities and drive growth.

Over 20

successful entrepreneurs have been backed by Oakley, many on repeated occasions.

Creative

The ability and experience to tackle complex transactions and release unseen pockets of value.

Over 40%

of deals are carve-outs.

Download section in full

Portfolio Activity

An active year for investments by the Oakley Funds

Stack of coins

Investments – £152 million invested

Arrow that points to the left
Arrow that points to the right
January
WebPros
OCI investment £42m

Following Fund III’s exit of WebPros, Fund IV made a follow-on investment to benefit from the significant long-term growth potential of the business.

Press Release
February
Globe-Trotter
OCI investment £6m

Fund III acquired a majority stake in Globe-Trotter, the British luxury luggage brand. Globe-Trotter has been combined with Alessi to form the Iconic BrandCo.

Press Release
March
Ocean Technologies Group (‘Ocean’)
OCI investment £1m

Ocean completed the add-on acquisition of MTS, a marine e-learning content and distribution business.

Press Release
April
May
Time Out
OCI investment £24m

OCI purchased new shares in Time Out’s equity placing, both directly and through Fund I.

Press Release
June
Ocean Technologies Group
OCI investment £1m

Ocean completed the add-on acquisition of Marlins, V. Group’s e-learning subsidiary.

Press Release
July
August
September
7NXT
OCI investment £11m

The Origin Fund completed its first investment through the acquisition of a majority stake in 7NXT, the leading online fitness and nutrition platform in the German speaking region.

Press Release
October
North Sails
OCI investment - £28m

A direct debt investment was provided to North Sails as growth capital for North Kiteboarding and North Sails Apparel.

Press Release
November
WindStar Medical
OCI investment - £31m

Fund IV acquired a majority stake in WindStar Medical, Germany’s leading over-the-counter consumer healthcare company.

Press Release
Ekon
OCI investment - £4m

Ekon completed the add-on acquisitions of Contasimple and Billage, accounting software for freelancers and micro-companies, respectively.

Press Release
December
Stack of coins

Realisations – £341 million realised

Arrow that points to the left
Arrow that points to the right
January
WebPros
Exit – £117m OCI proceeds

Fund III sold its stake in WebPros at a 92% premium to the 30 June 2019 interim carrying value.

Press Release
Career Partner Group
Refinancing – £19m OCI proceeds

Career Partner Group completed a refinancing resulting in a distribution to Fund III.

Press Release
February
March
atHome
Partial exit – £15m OCI proceeds

Fund III sold its majority stake in atHome Group, a leading online classifieds and mortgage-broking business in Luxembourg.

Press Release
April
Inspired
Exit – £97m OCI proceeds

OCI exited both its direct holding and its Fund II indirect holding in Inspired. The realisation was at a 25% gain over carried fair value.

Press Release
May
Time Out
Debt repayment – £27m OCI proceeds

Following the Time Out fund raise, all outstanding OCI loans and interest were repaid and all loan facilities were subsequently cancelled.

Press Release
June
July
Facile
Refinancing – £9m OCI proceeds

Facile completed a refinancing, resulting in a distribution to Fund III.

Press Release
August
Wishcard Technologies Group
Refinancing – £7m OCI proceeds

Wishcard completed a refinancing, resulting in a distribution to Fund IV.

Press Release
September
October
Casa
Exit – £35m OCI proceeds

Fund III sold its stake in Casa, one of the leading players in the online real estate classifieds market in Italy.

Press Release
November
Career Partner Group
Refinancing – £2m OCI proceeds

Career Partner Group completed a refinancing resulting in a distribution to Fund III.

Press Release
December
Portfolio Activity (PDF)

Portfolio Overview

The composition of OCI’s underlying portfolio company exposure, combining look-through investments in the Oakley Funds and direct investments.

Stats with Arrow pointing up

Portfolio breakdown by Company

Look-through investments in the Oakley Funds and direct investments.

WebPros £ 0 m
Facile £ 0 m
Daisy £ 0 m
Ekon £ 0 m
TechInsights £ 0 m
7NXT £ 0 m
Contabo £ 0 m
atHome £ 0 m
North Sails £ 0 m
Time Out £ 0 m
WindStar Medical £ 0 m
Wishcard Technologies Group £ 0 m
Iconic BrandCo £ 0 m
Career Partner Group £ 0 m
Schülerhilfe £ 0 m
Ocean Technologies Group £ 0 m
AMOS £ 0 m
Portfolio overview (PDF)
Arrow pointing right
0 m

Commitments by Oakley management teams across the Oakley Funds

Chart with arrow pointing up
0 %

Primary deals since inception

Stack of coins
0 %

Realised IRR across all Funds

Investment Adviser’s Approach

An established investor with superior returns.

Oakley is a leading private equity firm that specialises in investments in high-growth, mid-market companies operating in Western Europe.

Investment adviser's approach (PDF)