Completion of Schülerhilfe Acquisition

RNS Number : 6244K

Oakley Capital Investments Limited

10 July 2017

 

10 July 2017

Oakley Capital Investments Limited

Completion of Schülerhilfe Acquisition

Oakley Capital Investments Limited¹ (AIM:OCL, the "Company") is pleased to announce that Oakley Capital Private Equity III² ("Fund III") has completed the acquisition of the business and operations of ZGS Verwaltungs GmbH ("Schülerhilfe"), from its current majority shareholders Deutsche Beteiligungs AG ("DBAG") and DBAG Fund V, a fund managed by DBAG. Fund III, together with a number of underlying Fund III investors, will hold a majority stake in the business. Fund III will be partnering with CEO Dieter Werkhausen, who has also invested into the new structure.

Schülerhilfe is the leading provider of after school tutoring to primary and secondary school students in Germany and Austria. Established in 1974, and headquartered in Gelsenkirchen, Schülerhilfe provides small-group tutoring through a network of over 1,000 branches in Germany and Austria and currently tutors over 125,000 students per year.

The business generated revenues of €63.3 million and reported EBITDA of €16.6 million for the year ended 31 December 2016. The transaction is partly funded by a unitranche debt facility from Alcentra. Fund III has invested €85.9 million in the business. The Company's indirect contribution through its interest in Fund III is £35.7 million (GBP/EUR = 1.13).³

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For further information please contact:

Oakley Capital Investments Limited

[phone]

Peter Dubens, Director

Steven Tredget, Investor Relations

FTI Consulting LLP

[phone]

Edward Bridges / Stephanie Ellis

Liberum Capital Limited (Nominated Adviser & Broker)

[phone]

Steve Pearce / Henry Freeman / Jill Li

¹About Oakley Capital Investments Limited ("OCL")

Oakley Capital Investments Limited is a Bermudian company listed on AIM. OCL seeks to provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and through co-investment opportunities.

²About Oakley Capital Private Equity L.P. ("Fund I"), Oakley Capital Private Equity II ("Fund II") and Oakley Capital Private Equity III ("Fund III")

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II and Oakley Capital Private Equity III, are unlisted 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.

³Where OCL represents approximately 47% of Fund III's total commitments at completion.

About Deutsche Beteiligungs AG ("DBAG"):

Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds and invests alongside the DBAG funds in well-positioned mid-sized companies with potential for development. DBAG focuses on industrial sectors in which Germany's 'Mittelstand' is particularly strong on an international comparison. With its experience, expertise and equity, DBAG supports the portfolio companies in implementing corporate strategies that sustainably create value. Its entrepreneurial approach to investing has made DBAG a sought-after investment partner in the German-speaking world. Assets under management or advisement by the DBAG Group amount to approximately 1.8 billion euros.

 

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