Acquisition of Monument
1 July 2008
OAKLEY CAPITAL INVESTMENTS LIMITED
Acquisition of Monument brings broking to Oakley
The Board of Oakley Capital Investments Limited (the 'Company', or 'Oakley'), the AIM traded investment company established to provide investors with exposure to the investment strategy being pursued principally by Oakley Capital Private Equity L.P. (the 'Limited Partnership'), is pleased to announce that the Limited Partnership has acquired, together with the founders, Monument Securities Limited ('Monument Securities'), the international derivatives, equities and fixed income broker, from Insinger de Beaufort Group.
Successfully trading since 1991, Monument Securities has built a considerable presence in the derivatives and equity markets and has gained a reputation as an experienced and professional house providing quality added value services to UK and US institutional investors, hedge funds and corporate investors. Monument Securities is expected to operate on a stand-alone basis going forward, while taking advantage of Oakley Capital Limited's ('Oakley Capital') platform and leveraging cross-selling opportunities from Oakley Capital's extensive network of contacts. Oakley Capital is the Investment Adviser to the Company and Limited Partnership.
Peter Dubens, Director of Oakley, said,
'We are very pleased to be backing the extremely experienced management of Monument. This is a good time in the cycle to look at Financial Services opportunities, and we believe the Oakley platform will enable Monument to grow its customer base as the demand for independent advisory and execution services builds, in an increasingly challenging market.'
Martin Burton, founder of Monument, commented,
'After 17 years of successful trading, we are delighted to be bringing Monument alongside Oakley, which we are confident will provide the opportunity to effect a step change in our levels of growth. With Oakley's backing, we hope to expand our services and further develop Monument's business.'
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For further information please contact:
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Oakley Capital Investments Limited |
020 7766 6900 |
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Peter Dubens (Director) |
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Monument Securities Limited |
020 7190 7149 |
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Martin Burton |
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Collins Stewart Europe Limited |
020 7523 8350 |
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Hugh Field |
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Financial Dynamics |
020 7831 3113 |
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Juliet Clarke / Erwan Gouraud |
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Notes to Editors
The Company has been set up to invest primarily in Oakley Capital Private Equity L.P. (the 'Limited Partnership'), a private equity fund established by a team of experienced investment professionals led by Peter Dubens, executive chairman of Freedom4 plc and former chairman of 365 Media Group plc.
The Limited Partnership will invest primarily in mid-market buy-outs in the UK and Europe. It will seek to acquire controlling positions in companies with scope for performance improvement, and in industries with strong underlying growth drivers and the potential for consolidation. The Limited Partnership will utilise the investment advisory team's proven ability to self-source transactions and actively manage portfolio companies to improve operational performance. The Limited Partnership will target equity transactions in the range of €30 to €140 million and will seek to deliver gross IRR on its investments in excess of 25% per annum and a blended gross multiple of three times.
About Monument
Monument Securities is authorised and regulated by the Financial Services Authority.
Monument is one of the few successful, financial services companies, specialising in international derivatives, which offers an exciting, professional and cost effective alternative to the major financial services groups. Since its formation, the company has built a considerable presence in the markets and has gained a reputation as an experienced and professional house providing quality added value services in derivatives and underlying markets.
Monument's approach is to review global markets as a whole, covering stocks, bonds and currencies and to employ derivatives where the skilled use of such instruments can provide an enhanced service or strategy. The ability of Monument to add value is due to the specialist expertise of its personnel and their depth of market knowledge. These valuable resources, combined with extensive in-house market commentary, provide a valuable insight to the markets.
This information is provided by RNS
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