Oakley Capital Investments Limited Investment Activity Update (7021G)
November 08 2018 - 2:01AM
UK Regulatory
TIDMOCI
RNS Number : 7021G
Oakley Capital Investments Limited
08 November 2018
08 November 2018
Oakley Capital Investments Limited
Investment Activity Update
Oakley Capital Investments Limited ("OCI") is pleased to provide
the following updates on investment activity in the period
following its half-year results on 6(th) September 2018.
AMOS - CMH acquisition
AMOS, France's leading business school group focused on sports
management, has completed the bolt-on acquisition of the Centre
Européen de Management Hotelier International ("CMH"). CMH is a
leading business school in Paris, focused on the hotel management,
luxury brand and tourism sectors, with over 400 students.
Oakley Capital Private Equity III ("Fund III") and Educas
Tertiary Investments LLP ("Educas") originally acquired AMOS in
August 2017 with the aim of backing Patrick Touati (the founder of
AMOS) in pursuing a buy and build strategy to take advantage of
consolidation in the French tertiary education sector. The
acquisition of CMH represents the first addition to the group as
part of this strategy. CMH will benefit from AMOS's existing
footprint in France, where it has a strong track record of opening
additional campuses, and there is the opportunity for CMH to pursue
a similar growth plan through new site openings.
OCI's indirect contribution through its interest in Fund III is
GBP3.0 million (GBP/EUR = 1.14).
WebPros - cPanel acquisition
WebPros, a leading internet infrastructure software company that
owns Plesk and Solus VM, has completed the acquisition of cPanel.
Based in Houston, Texas, cPanel provides one of the hosting
industry's most reliable and intuitive control panel software
platforms. It gives customers the ability to administer every facet
of their website using simple, point-and-click software.
Fund III has made a further investment of $47.2 million into
WebPros as part of this transaction, which is also partly funded by
an extension of the unitranche debt facility from the existing
lender TPG. OCI's indirect contribution through its interest in
Fund III is c.GBP14.6 million (USD/GBP = 0.76). OCI's valuation of
its original stake in Plesk was GBP14.1 million at 31 December
2017.
TechInsights - Refinancing
Fund III has completed a refinancing of TechInsights, a global
leader in the semiconductor IP and technology intelligence market.
The upsized facility was provided by existing lenders, raising an
incremental $26.3 million of debt and returning $14.7 million to
Fund III, 1.1x the invested cost of $13.3 million. OCI will receive
a cash return from this of GBP4.6 million (USD/GBP = 0.76).
- ends -
For further information please contact:
Oakley Capital Investments Limited
+44 20 7766 6900
Steven Tredget, Investor Relations
Greenbrook Communications Ltd
+44 20 7952 2000
Alex Jones / Matthew Goodman / Gina Bell
Liberum Capital Limited (Nominated Adviser & Broker)
+44 20 3100 2000
Gillian Martin / Owen Matthews
Notes:
About Oakley Capital Investments ("OCI")
OCI is an AIM listed investment vehicle, which provides access
to the Oakley funds. It is a liquid vehicle that provides capital
growth and dividends to investors.
The Oakley Funds
Oakley Capital Private Equity L.P. and its successor funds,
Oakley Capital Private Equity II and Oakley Capital Private Equity
III, are unlisted focused mid-market private equity funds with the
aim of providing 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 Investment Adviser
Founded in 2002 Oakley Capital has demonstrated the repeated
ability to acquire attractive growth assets at attractive prices.
To do this they rely on their sector and regional expertise, their
ability to tackle transaction complexity and their deal generating
entrepreneur network.
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.
END
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