OCI invests £13m in Dexters

OCI is Oakley Capital's listed investment vehicle, and is investing alongside Oakley's fourth fund, Oakley Capital Private Equity IV, which closed on €1.46bn in July 2019. The fund invests tickets of at least €50m in high-growth mid-market companies in the consumer, education and TMT sectors in western Europe, according to Unquote Data.

The investors are supporting the management team, led by CEO Andy Shepherd, and the company's founder and chairman, Jeff Doble.

OCI's liquid resources available for future deployment (including this transaction) are estimated to be £176m.

The company's focus on lettings and property management, an area of the market that provides a stable recurring income, along with attractive market fundamentals due to the growing proportion of property that is privately rented, are a focus for Oakley, according to a statement.

Company
Dexters was founded in 1993 as a single branch in Twickenham and has since grown to a network of 87 branches across Greater London. The company's revenue reached £109m in 2020.

People
Oakley Capital – Peter Dubens (managing partner).
Dexters London – Jeff Doble (founder, chairman).

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