TIDMOCI
RNS Number : 6040R
Oakley Capital Investments Limited
30 October 2023
30 October 2023
Oakley Capital Investments Limited
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce that Oakley Capital Origin Fund I(2) ("Origin") has agreed
to acquire Alerce, a leading Spanish provider of transport and
logistics software solutions.
OCI's indirect contribution via Origin will be c.GBP9
million.
Note that the above figure only relates to OCI's share of
Oakley's overall investment in Alerce.
Further details on the transaction can be found in the below
announcement from Oakley Capital(3.)
Oakley Capital invests in Spanish transport and logistics
software business Alerce
Oakley Capital ("Oakley"), a leading pan-European, mid-market
private equity investor, is pleased to announce that Oakley Capital
Origin Fund I ("Origin" or "the Fund") has agreed to acquire a
majority stake in Alerce, a leading Spanish provider of transport
and logistics software solutions. Origin will invest alongside
Alerce's founding family, including CEO Pablo Pardo Garcia, who
will retain a significant stake in the business, underscoring their
continued commitment to the company's success.
Founded in 1989 by the Pardo family, Alerce has established
itself as a leading transport management software ("TMS") provider
to Spanish courier, carrier and haulage businesses operating in the
"less-than-truckload" market. Its solutions improve customer
service as well as cost and environmental efficiency by providing
customers with increased visibility and control over core
transportation workflows associated with the shipment of physical
goods. It offers a product suite centred around its carrier TMS
"Alertran", with a comprehensive and modular portfolio of adjacent
products such as "Senda", a market leading last mile delivery
module. Alerce's solutions are mission critical to its customers as
evidenced by minimal churn and high levels of net retention. Alerce
has market leading positions across Spain, Latin America and France
through longstanding relationships with blue-chip customers.
Oakley's investment in Alerce reflects its strategy of
partnering with founder-owned businesses to accelerate growth and
facilitate international expansion. As a trusted partner with more
than 30 years track record of continuous customer-led innovation
and a modern product architecture, Alerce is ideally placed to
expand its product offering, both through organic product
development and targeted bolt-on acquisitions, and to continue its
track record of profitable growth while increasing its proportion
of recurring revenues. The highly fragmented European transport and
logistics software market presents an opportunity for Alerce to
leverage Oakley's expertise in buy-and-build strategies to expand
into complementary markets. Alerce's potential for geographic
growth, go-to-market acceleration and product extension aligns well
with Oakley's successful track record of scaling software
businesses, demonstrated through investments, including Grupo
Primavera (which was strategically combined with Cegid), WebPros,
and ECOMMERCE ONE.
This transaction also highlights Oakley's commitment to Iberia,
expanding its portfolio of existing investments in the region, such
as vLex, Idealista, Seedtag, Grupo Primavera (Cegid) and several
higher education assets.
The completion of this transaction is contingent upon FDI
approval.
Peter Dubens, Founder and Managing Partner of Oakley Capital,
commented:
"We are pleased to be partnering with the Pardo family on
Alerce, a company which has all the characteristics we seek in a
typical Oakley investment. Carrier TMS is a mission critical
vertical software segment that is well positioned for innovation,
and Alerce's track record and vision align with our strategy of
driving growth and technological advancement. Together, we will
deliver an ambitious growth plan, enhancing efficiency and value
for all stakeholders."
Pablo Pardo Garcia, CEO of Alerce, commented:
"We are excited to partner with Oakley, an investor with a
strong track record in driving growth, innovation and operational
excellence. This collaboration will empower Alerce to introduce
transformative changes and deliver even greater value to our
clients, expanding our offering and driving excellence in the
transport and logistics sector, while allowing us to further
internationalise the company and provide access to the global
market."
- 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, Oakley Capital Origin
Fund and Oakley Capital Origin Fund II 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 Oakley
PROfounders Fund III and Oakley Touring Venture Fund, which are
venture capital funds focused on investments in entrepreneur-led,
disruptive, technology led companies.
(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
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END
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