Trading Update

RNS Number : 2809M

Oakley Capital Investments Limited

27 January 2009

 

27 January 2008

Oakley Capital Investments Limited 

('the Company')

Trading update

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'), today announces a trading update for the 12 months ended 31 December 2008.

The underlying companies in which we have invested continue to perform well, with robust performances particularly in the second half of 2008. Oakley Capital Limited, the investment adviser estimates that the net asset value ('NAV'), which is subject to the completion of the audit, will be in the range of £1.05 - £1.07 per share (based on 92.4 million participating shares in issue). The NAV is made up of cash, the investment in the Fund, (with the portfolio companies within the Fund valued at cost), and mezzanine loans. 

The portfolio company investment made by the Limited Partnership in the web-hosting sector has continued to see strong performance growth as broadband usage proliferates and multimedia content gains in sophistication. In the Financial Services sector, Monument Securities has demonstrated a strong performance in Q3 and Q4 due to market volatility and the addition of new team members. Headland Media continues to trade well and is benefiting from increasing demand for its news digest products to remote locations.

Peter Dubens commented: 

'We are pleased with the development of our portfolio companies, which have shown strong, mainly organic, growth in difficult times. The current financial crisis generates investment opportunities that accord with the Limited Partnership's strategy of investing in companies which will benefit from restructuring and operational improvement while maintaining prudent levels of leverage.'

-ends-

For further information please contact: 

Oakley Capital Investments Limited	[phone]
Peter Dubens (Director)
Financial Dynamics	[phone]
Juliet Clarke / Edward Bridges / Erwan Gouraud
Liberum Capital Limited (Financial Adviser & Broker)	[phone]
Steven Tredget / Steve Pearce
Grant Thornton Capital Markets (Nominated Adviser)	[phone]
Philip Secrett / Fraser Campbell

 Notes to Editors - About Oakley Capital Investments Limited

Oakley Capital Investments Limited (the 'Company') was established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the 'Limited Partnership').

The Company was admitted to trading on the AIM market of the London Stock Exchange in August 2007, having raised £100 million from the issue of 100,000,000 ordinary shares at 100 pence each, together with the issue of 50,000,000 warrants.  The company currently holds 1,250,000 warrants and 7,589,000 of its issued ordinary shares acquired for 60p per share, in treasury.  

The primary objective of the Limited Partnership is to invest in a diverse portfolio of private mid-market UK and European businesses, aiming to provide investors with significant long-term capital appreciation.  

The investment strategy of the Limited Partnership is to focus on companies with the scope for performance improvement operating within industries with growth or consolidation potential. In addition, the Limited Partnership seeks to invest in companies with the potential to achieve scale, thereby commanding a premium on exit.

Key portfolio company investments made by the Limited Partnership:

o        Web-hosting sector: Host Europe Corporation Limited includes: WebFusion, the UK market leader in domain name registration; 123Reg, the UK’s second largest shared web hosting provider; Host Europe GmbH, the market leader in the German standardised managed hosting market; and Vialtus Solutions, a provider of complex managed hosting services to the UK corporate and SME market. The web hosting market is characterised by strong market growth, driven by the rapid proliferation of broadband usage and the increasing sophistication of multimedia content.

o        Financial Services Sector: Monument Securities Limited, a global equity and derivatives broker providing services to institutions, fund managers, market professionals, corporates and hedge funds.

o        Media Sector: Headland Media Limited (“Headland”), a leading provider of news digest services to businesses in remote locations including cruise and merchant ships. In addition it also provides entertainment as well as health and safety training materials to the marine and offshore industries. Headland operates a subscription based revenue model which provides a high degree of stability.

 

 

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