Strategic report / Portfolio activity in 2025
Investments and refinancing
This section summarises movements on our investments in the first six months of 2025, including new investments and investment refinancing. Amounts shown are on an OCI look-through basis (as explained in the Glossary).
Portfolio activity / New investments in 2025 / Private Equity Funds
Material new investments for the year are included below.
Bridewell
£18m
In May, Oakley Fund V portfolio company I‑TRACING, the leading independent provider of cybersecurity services in France, completed a strategic combination with Bridewell, the UK’s leading provider. The partnership creates the largest independent pure-play cybersecurity group in Europe. A portion of Oakley Fund V's investment was subsequently syndicated to an Oakley co-investment.
JBMC
£8m
In June, Oakley Origin II acquired a majority stake in Joint Business Management Consulting (‘JBMC’), a fast-growing, founder-led, management and IT consultancy firm focused on addressing digital gaps in Italy’s Financial Services industry.
Infravadis
£5m
In June, Oakley Origin II invested in Infravadis, a tech-enabled platform focused on the >€25 billion European Underground Infrastructure Maintenance (‘UIM’) market. As its first acquisition, Infravadis has acquired a majority stake in Abfluss Schäfer Group, a market leader in sewage cleaning, pipe inspection and repair services.
Fornasetti
£4m
In June, Fund III's Iconic BrandCo invested in the premium lifestyle brand Fornasetti. Fornasetti is a luxury design atelier known for its eclectic, handcrafted home décor items. The new acquisition will enhance and diversify Oakley’s Iconic BrandCo platform.
Portfolio activity / New investments in 2025 / Venture Funds
Wingspan
£4m
In April, Oakley Touring I invested in Wingspan, a payroll platform for the growing contract workforce. A portion of Oakley Touring I's investment was subsequently syndicated to a co-investment.
Blinq
£4m
In March, Oakley Touring I invested in Blinq, a leading digital business card platform and full-stack digital identity platform.
Portfolio activity / Refinancings 2025
Dexters
£6m
In April, Oakley Fund IV completed a refinancing of Dexters. As part of the refinancing process, Oakley acquired the stake of one of the co-investors. Oakley Fund IV’s percentage ownership of ordinary shares increased as a result.
Related content
Portfolio reviews, by sector
Oakley invests across four sectors - read the reviews from each company in this section.
Portfolio overview
This section provides a performance snapshot of our Private Equity Funds Portfolio.
Oakley Funds overview
In this section we review each of Oakley's Private Equity and Venture Funds, as well as OCI's Direct investments.