Oakley Capital Investments Limited has released its trading update for the year ended 31 December 2023. The company, a listed investment firm, focuses on providing consistent, long-term returns by investing in funds managed by Oakley. The Oakley Funds primarily invest in unquoted, profitable, pan-European businesses with recurring revenues across four focus sectors.
The unaudited NAV as at 31 December 2023 was £1,207 million, representing a NAV per share of 684 pence. The total NAV per share return, including dividends, was 4% (+27 pence) since 31 December 2022. The portfolio's performance was driven by EBITDA growth and multiple expansion, with significant contributions from companies such as IU Group, North Sails, and idealista.
During the year, OCI's look-through share of proceeds from exits and refinancings totaled £266 million, with investments of £175 million made, including new platform deals, reinvestment, follow-on investments, and venture investments. Post balance-sheet events included further new platform deals, and the company's total liquidity as at 31 December 2023 was £382 million.
OCI made a total commitment of $100 million in Oakley Touring Venture Fund and €190 million in Origin II, taking the total outstanding commitments to the Oakley Funds to £1,017 million as at 31 December 2023. The company expects to report its audited annual results for 2023 on 14 March 2024.
For further information, Oakley Capital Limited can be contacted at +44 20 7766 6900, and Greenbrook Communications Limited at +44 20 7952 2000. Liberum Capital Limited serves as the financial adviser and broker.
This trading update provides a comprehensive overview of Oakley Capital Investments Limited's performance and activities throughout 2023, showcasing its investment strategy, portfolio company performance, and financial position.