Oakley Capital’s assets expected to rise in value to over £255m

Hospitality and entertainment publisher Time Out is among Oakley Capital’s investments
Private equity and venture capital firm Oakley Capital Investments said it expects four per cent growth in the value of its holdings in a trading update yesterday.

The Aim-listed firm is most known for its investments in private mid-market businesses including hospitality and tourism publisher Time Out.

Oakley offered a value range of between £255m and £257m for its portfolio once the company’s cash, its investments in two different funds, short-term bridging finance for the funds and loans provided to a number of the portfolio companies, were audited.

“Net asset value performance in the period was somewhat attenuated by the weakening of the Euro during the year,” said Oakley Capital director Peter Dubens.

“Nevertheless significant disposals from both funds, specifically the exits from Daisy and Intergenia both of which delivered good returns, demonstrates Oakley’s ability to deliver strong investment returns for our investors.”

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