Strategic report / Portfolio activity
Key new investments:
Total £175m
This section summarises new Oakley fund investments in 2023, with amounts shown being those made by OCI on a look through basis (as explained in the Glossary).
Portfolio activity / New investments
2023
February / Fund IV / Investment
Fund IV increased its investment in Bright Stars to take advantage of a promising pipeline of acquisition opportunities.
Bright Stars
£5m
March / Origin Fund / Investment
Origin Fund portfolio company vLex completed the bolt-on acquisition of Fastcase, a leading US legal intelligence business.
vLex
£7m
March / Fund IV / Investment
Fund IV acquired a minority stake in Thomas’s, a group of premium co-educational independent schools in London.
Thomas's
£14m
June / Fund V / Investment
Fund V invested in IU Group, the largest, and fastest-growing university in Germany and a global leader in education technology, alongside Oakley’s continuation fund.
IU Group
£66m
August / Fund IV / Investment
Fund IV portfolio company Affinitas completed the bolt-on acquisition of Torrequebrada International College (CIT), a leading K12 school.
Affinitas Education
£8m
December / Fund V / Investment
Oakley Fund V acquired Flemming Dental, Excent, and Artinorway Group in a carve-out from European Dental Group, a leading pan-European oral care and services provider, to form one of the leading dental laboratories groups in Europe, Liberty Dental Group.
Liberty Dental Group
£33m
December / Origin I / Investment
7NXT, which owns and operates fitness platform Gymondo, completed the bolt-on acquisition of 7Mind, a leading player in the German digital healthcare sector with a focus on promoting digital mental wellbeing.
Gymondo
£4m
December / Fund IV / Investment
Fund IV made a second additional investment in Bright Stars during the year to take advantage of a promising pipeline of acquisition opportunities.
Bright Stars
£4m
December / Origin I / Investment
Fund IV acquired a stake in Webcentral DEH ('Webcentral'), a leading Australian domains, hosting and e-mail provider, in a carve-out from its parent, Webcentral Limited.
Webcentral
£3m
Touring I / Investments
Touring I acquired four AI-powered investments during the year.
Touring I
£24m
PROfounders III / Investments
PROfounders III acquired two investments during the year.
PROfounders III
£1m