Strategic report / Portfolio activity
Key realisations and refinancings:
Total £266m
This section summarises Oakley fund realisations and refinancings in 2023, with amounts shown being those realised by OCI on a look through basis (as explained in the Glossary).
Portfolio activity / Realisations and refinancings
2023
June / Fund III / Disposal
Fund III exited its stake in IU Group, the largest, fastest growing university in Germany, to Oakley's continuation fund, backed by co-investors, and to Oakley Fund V.
IU Group
£240m
November / Fund III / Refinancing
As a result of continued strong performance and cash generation, Cegid completed a refinancing during the year.
Cegid
£22m
December / Fund IV / Refinancing
idealista continued its strong performance in 2023, delivering growth across all three of its core geographies of Spain, Italy and Portugal, and as a result, completed a refinancing.
idealista
£4m