Oakley Capital holds final close on €800m

The hard-cap was initially set at €750m but was raised due to high investor demand, according to Oakley. The GP reached the initial hard-cap in May 2017 and asked investors for approval to raise it at that time.

The predecessor vehicle, Oakley Capital Private Equity II, closed on €525m in 2013 and was 83.5% deployed as of June 2017. Oakley reported a gross IRR of 44% and 2.5x money multiple for its realised investments from all three funds.

Investors
Oakley stated that 75% of investors chose to re-up to meet the higher hard-cap. The largest investor in the fund is Oakley Capital Investments, an investment intermediary vehicle listed on the London stock exchange that offers access to Oakley funds, made a €326m commitment to the vehicle.

Oakley partners and staff committed 5% of the funds raised and Oakley portfolio company management teams and entrepreneurs also committed 5%.

Investments
The new vehicle will target deals with an enterprise value of €60-300m. In the past, Oakley funds have specialised on investments in the digital consumer, TMT and education sectors, and exhibited a geographical bias for German-speaking markets; the GP said both will remain key focuses for Fund III.

The fund has already made five investments since its first close. In December 2016, it provided a €50m equity ticket for the buyout of Casa.it and Athome.lu. In March 2017 it acquired Plesk, Technisights and Schülerhilfe before investing £16.9m in the buyout of Amos Sport Business School in August 2017.

The vehicle is currently 35% deployed, according to unquote" data.

People
Oakley Capital – Peter Dubens, David Till (co-founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• DACH
• UK / Ireland
• Oakley Capital