4 August 2025 

Oakley Capital Investments Limited

Oakley Capital Investments Limited¹ ("OCI") is pleased to announce that Oakley Capital VI² ("the Fund") has been granted exclusivity with a view to acquiring a co-controlling stake alongside General Atlantic in Brevo, a leading global customer engagement software platform based in France.  

OCI's indirect contribution via Fund VI is anticipated to be c.£22 million, which relates to OCI's share of Oakley's investment in Brevo.

Further details on the transaction can be found in the below announcement from Oakley Capital³. 

Oakley Capital granted exclusivity to invest in customer engagement software platform Brevo

Oakley Capital, a leading pan-European private equity investor focused on the mid-market, is pleased to announce that Oakley Capital VI has been granted exclusivity with a view to acquiring a co-controlling stake together with General Atlantic in Brevo, a leading, global customer engagement software platform based in France.  Founder & CEO Armand Thiberge and the Brevo management team are making a significant reinvestment in the business and will continue to lead Brevo. The signing of a definitive agreement is subject to the customary information and consultation of the relevant employee representative bodies.

Founded in Paris in 2012 by Armand Thiberge, Brevo provides an intuitive, multi-channel Customer Relationship Management (CRM) software suite to businesses of all sizes worldwide. The company operates in a rapidly expanding market, estimated to be worth approximately €6 billion, as businesses increasingly seek to automate their marketing to boost lead generation and enhance customer engagement. Under Armand's leadership, the company has scaled into a global platform, delivering 20%+ annual revenue growth. Today Brevo serves 500,000+ customers across 180+ countries, with operations in nine offices worldwide. 

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For further information please contact:

Oakley Capital Limited

+44 20 7766 6900

Steven Tredget

Greenbrook

+44 20 7952 2000

Rob White / Michael Russell

Deutsche Numis (Financial Adviser & Broker)

+44 20 7260 1000

Nathan Brown / Matt Goss

Notes:

LEI Number: 213800KW6MZUK12CQ815

¹ About Oakley Capital Investments Limited ("OCI")

OCI is a closed-ended investment fund trading on the main market of the London Stock Exchange as an Official List Company. OCI 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 II, Oakley Capital Private Equity III, Oakley Capital IV, Oakley Capital V, Oakley Capital VI, Oakley Capital Origin and Oakley Capital Origin 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

Oakley Capital Investments has now been admitted to the Official List of the Financial Conduct Authority. Therefore, the Company is now required to satisfy the eligibility criteria for admission to listing on the Official List is required to comply with the Financial Conduct Authority's Listing Rules, including in relation to transactions with related parties, financial reporting, contents of shareholder circulars and other continuing obligations.

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.