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 6th 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 £3.0 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.£14.6 million (USD/GBP = 0.76). OCI's valuation of its original stake in Plesk was £14.1 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 £4.6 million (USD/GBP = 0.76).
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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.
