Preliminary Statement of unaudited NAV

RNS Number : 3089H

Oakley Capital Investments Limited

10 July 2012

 



10 July 2012

Oakley Capital Investments Limited ("OCIL" or the "Company")

Preliminary Statement of unaudited NAV

·      NAV (unaudited) expected to be in the range of £1.72 - £1.74

Oakley Capital Investments Limited (AIM: OCL), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Limited Partnership" or the "Fund"), announces its preliminary statement of unaudited Net Asset Value for the 6 months ended 30 June 2012.

The Company, through its investment in the Limited Partnership, has an indirect interest in each of the Limited Partnership's eight portfolio companies representing 65% of the Limited Partnership's total commitments.

The Limited Partnership's portfolio of investments comprises eight businesses; Daisy Group plc; Verivox Holdings Limited; Time Out Group (Time Out Limited and Time Out America LLC); Emesa B.V.; intergenia; Broadstone Pensions and Investments Limited; Headland Media Limited; and Monument Securities Limited.  Oakley Capital Limited, OCIL's investment adviser, estimates that the Company's net asset value per share will be in the range of £1.72 to £1.74 (31 December 2011: £1.71) (30 June 2011: £1.80).  The OCIL net asset value is made up of cash, the investment in the Limited Partnership and loans provided to a number of the portfolio companies.

Peter Dubens, Director, commented:

"The Limited Partnership's portfolio companies have performed well in the first half of 2012, showing good earnings growth. The Limited Partnership expects this momentum to continue despite the challenging economic situation in Europe.

We are seeing strong deal flow and have a number of bolt-on acquisitions and new portfolio investments under review.  As a consequence, we anticipate making further investments in the second half of 2012."

For further information please contact:

Oakley Capital Investments Limited

[phone]

Peter Dubens

FTI Consulting

[phone]

Edward Bridges / Marc Cohen

Liberum Capital Limited (Financial Adviser & Broker)

[phone]

Steve Pearce / Tom Fyson

About Oakley Capital Investments Limited ("OCIL")

Oakley Capital Investments Limited is a Bermudan based company listed on AIM. OCIL seeks to

provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P. and, over time, through co-investment opportunities.

About Oakley Capital Private Equity L.P. (the "Fund")

Oakley Capital Private Equity L.P. is an unlisted UK and European mid-market private equity fund with the aim of providing investors with significant long term capital appreciation. The Fund's investment strategy is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement. The Fund seeks to invest in companies with scale in their industry subsectors, thereby creating a sustainable earnings stream which should command a premium on exit.

 

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