TIDMOCI
RNS Number : 8607Y
Oakley Capital Investments Limited
10 May 2023
10 May 2023
Oakley Capital Investments Limited
Sale and Reinvestment in IU Group
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce that Oakley Capital Fund III(2) has reached an agreement
to realise its stake in IU Group ("IU"), the largest and fastest
growing university in Germany and a global leader in education
technology.
OCI's share of proceeds, subject to completion, will be c.GBP240
million, with the sale agreed at the 31 March 2023 carrying value.
OCI's underlying investment in IU increased c.85% in value (+ 64
pence) in 2022 through to December when the sale process for IU
began. As part of the transaction, Oakley Capital(3) vehicles
including Oakley Capital Fund V ("Fund V") will invest in IU,
extending Oakley's ownership and control of the business. OCI's
indirect contribution via Fund V will be c.GBP67 million.
Note that these figures only relate to OCI's share of proceeds
and its share of Fund V's overall investment in IU. OCI's liquid
resources including cash and debt available for future deployment
(including this transaction) are estimated to be c.GBP340
million.
Since Oakley invested in the business in 2017, IU's enrolments
have grown from 15,000 in 2017 to over 100,000 today and the
Group's digital platform now offers 350 accredited bachelor and
master courses, representing the largest portfolio of degree
programmes worldwide. The renewed partnership with IU will drive
the next phase of the Group's growth, focussing on accelerated
internationalisation driven by organic growth and enabling
acquisitions in key geographies, to further its vision of
democratising education.
Further details on the transaction will be announced by Oakley
Capital in due course.
- 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) 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 V and Oakley Capital Origin
Fund 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.
(3) 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.
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
any such statements are based unless required to do so by the
Financial Services and Markets Act 2000, the Listing Rules or
Prospectus Regulation Rules of the Financial Conduct Authority or
other applicable laws, regulations or rules.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISNKCBNDBKBDPK
(END) Dow Jones Newswires
May 10, 2023 02:00 ET (06:00 GMT)
Oakley Capital Investments (AQSE:OCI.GB)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Oakley Capital Investments (AQSE:OCI.GB)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
