Strategic report / Portfolio activity
New investments:
£184m in the period
This section summarises the key new Oakley Fund investments in H1 2024, with amounts shown being those made by OCI on a look-through basis (as explained in the Glossary).
Portfolio activity / New investments
February / Fund IV
Oakley Fund IV portfolio company Affinitas completed the bolt-on acquisition of Grupo Base.
Affinitas
£6m
March / Origin I
Oakley Origin I acquired Alerce, a leading Spanish provider of transport and logistics software solutions.
Alerce
£9m
April / Fund V
Oakley Fund V completed the acquisition of Steer Automotive Group, the UK's leading B2B automotive services platform.
Steer Automotive
£66m
April / Fund V
Oakley Fund V increased its investment in Phenna to take advantage of a promising pipeline of acquisition opportunities.
Phenna
£13m
April / Origin I
Oakley Origin I acquired Horizons Optical, a provider of medical software used to make premium spectacle lenses.
Horizons Optical
£9m
May / Fund V
Oakley Fund V acquired ProductLife Group, a European provider of outsourced regulatory and compliance services to the global life sciences industry.
ProductLife Group
£40m
May / Fund IV
Oakley Fund IV portfolio company Affinitas completed the bolt-on acquisition of British International School of New York.
Affinitas
£5m
Touring I
During the period, Touring I acquired three new investments in Daloopa, SafeBase and CuspAI, and made a follow-on investment in Exaforce.
Touring I
£16m