TIDMOCI
RNS Number : 7571J
Oakley Capital Investments Limited
15 December 2022
15 December 2022
Oakley Capital Investments Limited
OCI commits EUR30 million to Oakley Capital PROfounders Fund
III
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce it has committed EUR30 million to Oakley Capital
PROfounders Fund III ("PROfounders III"), a venture capital fund
focused on investments in entrepreneur-led, private businesses
across Europe and part of the Oakley Capital(2) ("Oakley") family
of funds.
Reflecting Oakley's entrepreneurial ethos and investment
strategy, PROfounders III will continue its proven investment
strategy, leveraging its unique origination network to find
attractive investment opportunities, and backing business models
that use technology to improve and transform customer
experiences.
Part of the Oakley Capital Group, which invests across the
life-cycle of entrepreneurial businesses, PROfounders Capital has
backed over 50 companies to date, many of which have gone on to
become unicorns, or billion-dollar revenue companies. They include
tourist activity platform Getyourguide, Finnish mobile games
developer Small Giant Games and mobile software platform Unity.
OCI's commitment to PROfounders III takes its total outstanding
commitments to the Oakley Funds to c.GBP900 million. This will be
deployed into new investments over the next five years. OCI's total
liquidity as at 15 December is GBP208 million, comprising GBP108
million of cash on the balance sheet, and a GBP100 million undrawn
credit facility.
Caroline Foulger, Chair of Oakley Capital Investments Limited,
commented:
"We're excited to make a commitment to Oakley Capital
PROfounders Fund III, continuing our strategy of investing in the
Oakley Capital Private Equity Funds. PROfounders' focus on
early-stage companies complements our existing, underlying
portfolio of lower and mid-market businesses, while the Fund shares
Oakley's focus on backing disruptive, tech-enabled business models
led by ambitious entrepreneurs. OCI has consistently delivered
strong returns for our investors and we are confident that
investing behind PROfounders III will help us sustain this track
record."
- ends -
For further information please contact:
Oakley Capital Limited
+44 20 7766 6900
Steven Tredget
Greenbrook Communications Limited
+44 20 7952 2000
Rob White / Michael Russell
Liberum Capital Limited (Financial Adviser & Broker)
+44 20 3100 2000
Chris Clarke / Darren Vickers / Owen Matthews
Notes:
LEI Number: 213800KW6MZUK12CQ815
(1) About Oakley Capital Investments Limited ("OCI")
OCI is a Specialist Fund Segment ("SFS") traded investment
vehicle that aims to provide shareholders with consistent long-term
capital growth in excess of the FTSE All-Share Index by providing
liquid access to private equity returns through investment in the
Oakley Funds.
A video introduction to OCI is available at
https://oakleycapitalinvestments.com/videos/
The contents of the OCI website are not incorporated into, and
do not form part of, this announcement.
(2) Oakley Capital, the Investment Adviser
Founded in 2002, Oakley Capital Limited has demonstrated the
repeated ability to source attractive growth assets at attractive
prices. To do this it relies on its sector and regional expertise,
its ability to tackle transaction complexity and its deal
generating entrepreneur network.
The Oakley Funds
Oakley Capital Private Equity L.P. and its successor funds,
Oakley Capital Private Equity II, Oakley Capital Private Equity
III, Oakley Capital IV, Oakley Capital Origin Fund and Oakley
Capital Private Equity V are unlisted lower-mid to mid-market
private equity funds that aim to provide investors with significant
long-term capital appreciation. The investment strategy of the
Funds is to focus on buy-out opportunities in industries with the
potential for growth, consolidation and performance improvement.
The Oakley family of funds also includes PROfounders funds, which
are venture capital funds focused on investments in
entrepreneur-led, private businesses across Europe.
Important information
Specialist Fund Segment securities are not admitted to the
Official List of the Financial Conduct Authority. Therefore, the
Company has not been required to satisfy the eligibility criteria
for admission to listing on the Official List and is not required
to comply with the Financial Conduct Authority's Listing Rules.
The Specialist Fund Segment is intended for institutional,
professional, professionally advised and knowledgeable investors
who understand, or who have been advised of, the potential risk
from investing in companies admitted to the Specialist Fund
Segment.
This announcement may include "forward-looking statements".
These forward-looking statements are statements regarding the
Company's objectives, intentions, beliefs or current expectations
with respect to, amongst other things, the Company's financial
position, business strategy, results of operations, liquidity,
prospects and growth. Forward-looking statements are subject to
risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Accordingly
the Company's actual future financial results, operational
performance and achievements may differ materially from those
expressed in, or implied by, the statements. Given these
uncertainties, prospective investors are cautioned not to place any
undue reliance on such forward-looking statements, which speak only
as at the date of this announcement. The Company expressly
disclaims any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual
results or any change in the Company's expectations with regard to
them or any change in events, conditions or circumstances on which
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UPDFLFLTFILSLIF
(END) Dow Jones Newswires
December 15, 2022 02:00 ET (07:00 GMT)
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