Oakley Regulatory News (OCI)

27 Jan 2009 07:00

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."

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 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.