OCI's underlying investments (look-through basis)

 

Sector

Region

Year of investment

Residual cost £m

Fair value £m

Direct Investments






Time Out

Consumer

United Kingdom

2010

n/a

33.9

North Sails

Consumer

USA

2014

n/a

159.4

Total Direct Investments





193.3

Sector

Region

Year of investment

Residual cost £m

Fair value £m

Oakley Capital PROfounders III






PROfounders Fund III investments

Technology


5.5

5.7

Total investments





5.7

Other assets and liabilities1





1.3

OCI's investment in Oakley PROfounders III





7.0




Touring I






Oakley Touring I investments

Technology


2023

38.6

46.0

Total investments





46.0

Other assets and liabilities1





1.3

OCI's investment in Touring I





47.3

Sector

Region

Year of investment

Residual cost £m

Fair value £m

Fund VI






Total investments




0.0

Other assets and liabilities1




6.4

OCI's investment in Fund VI




6.4







Fund V






Facile

Consumer

Italy

2022

42.4

64.5

IU Group

Education

Germany

2023

66.2

101.1

Contabo

Technology

Germany

2022

32.2

36.5

Phenna

Business Services

United Kingdom

2022

76.8

109.9

Liberty Dental Group

Business Services

Netherlands

2023

36.6

43.2

Steer Automotive

Business Services

United Kingdom

2024

74.2

75.2

ProductLife Group

Business Services

France

2024

41.0

44.9

Assured Data Protection

Technology

United Kingdom 2024

27.4

28.1

I-TRACING

Technology

France 2024

55.6

55.6

Konzept & Marketing

Business Services

Germany 2024

13.8

13.9

Total investments




572.9

Other assets and liabilities1




(132.2)

OCI's investment in Fund V




440.7







Fund IV






TechInsights

Business Services

Canada

2022

39.1

50.4

WebPros

Technology

Switzerland

2020

43.4

73.1

Wishcard Technologies Group

Consumer

Germany

2019

0.0

7.2

Merz Lifecare

Consumer

Germany

2020

36.6

25.1

Dexters

Consumer

United Kingdom

2021

7.1

44.0

Bright Stars

Education

United Kingdom

2021

40.4

68.0

K12 Investments

Education

United Kingdom

2022/2023

62.9

72.9

Total investments




340.7

Other assets and liabilities1




(46.0)

OCI's investment in Fund IV




294.7




Fund III






atHome

Consumer

Italy

2017

0.0

12.4

Cegid

Technology

France

2019

42.5

101.8

Iconic BrandCo

Consumer

United Kingdom

2020

25.4

24.7

Total investments




138.9

Other assets and liabilities1




7.7

OCI's investment in Fund III




146.6

Sector

Region

Year of investment

Residual cost £m

Fair value £m

Fund II






North Sails

Consumer

USA

2014

43.9

56.8

Daisy

Technology

United Kingdom

2015

8.6

1.4

Total investments




58.2

Other assets and liabilities1




(1.3)

OCI's investment in Fund II




56.9




Origin II

vitroconnect

Technology

Germany

2024

15.6

18.4

Infravadis

Business Services

Germany

2025

4.5

4.5

JBMC

Business Services

Italy

2025

8.3

8.3

Total investments

31.2

Other assets and liabilities1

(28.9)

OCI's investment in Origin II





2.3




Origin I

Gymondo

Consumer

Germany

2020

9.3

21.7

ECOMMERCE ONE

Technology

Germany

2021

5.9

8.2

ACE Education

Education

France

2021

13.4

15.3

Seedtag

Technology

Spain

2021

0.0

10.9

Vice Golf

Consumer

Germany

2022

11.2

9.1

vLex

Business Services

Spain

2022

12.1

66.1

Hosting.com

Technology

Global

2023

7.9

9.6

Alerce

Technology

Spain

2024

9.0

10.0

Horizons Optical

Technology

Spain

2024

8.8

10.6

Total investments

161.5

Other assets and liabilities1

(17.9)

OCI's investment in Origin I

143.7

Sector

Region

Year of investment

Residual cost £m

Fair value £m

Total Cash





108.1

Other liabilities / debtors2





(171.7)

Total net assets





£1,275.1