(Alliance News) - Oakley Capital Investments Ltd said Wednesday that it expects its net asset value per share to grow in the first half of the financial year after a "strong performance across the portfolio".
For the period until June 30, Oakley Capital anticipates a net asset value per share between 315 pence and 318 pence. In the same period in 2018, net asset value per share was at 259p.
The private equity investment fund said this would represent a total net asset value return of 23%, or 60.5p since June 2018 and 13% or 36.3p since the end of December.
The company said it expects its net asset value to be in the range of GBP644 million and GBP651 million which would be up year-on-year from GBP529.7 million.
The company attributed its net asset value growth to the partial sell down of premium schools operator Inspired for GBP30.0 million and entertainment listings magazine publisher Time Out which had a share price increase of 60% during the period.
In the six month period, Oakley Capital said three new investment opportunities were signed worth a total of GBP53.0 million.
The deal for Spanish software provider UNIT4 Business Software Iberica SA, or Ekon, for GBP18 million has already been completed.
As have the deals for maritime e-learning providers SG MidCo AS, also known as Seagull, and Videotel Marine Asia Ltd and Super Dragon Ltd or Videotel.
The Seagull and Videotel deals were worth a total of GBP20.0 million.
Another acquisition for Rastreator & Acierto for GBP15.0 million will be completed after the end of the first half, Oakley Capital said.
Shares in Oakley Capital flat at 237.00p each in London on Wednesday afternoon.