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City brokers feature OCI as ‘top investment pick for 2023’

Oakley Capital
23.01.23
2 min read

The average book value uplift on realisation since inception has been 52%

Peel Hunt on Book Value

“OCI has experienced strong demand for the businesses in which it invests, particularly across its three key areas of expertise – technology, consumer and education (and the interlocking sub-sectors of edtech and consumer tech). The average book value uplift on realisation since inception has been 52% and, across the five exits in 2022, the average uplift has been 67%.”

24% five-year annualised NAV TR is highest in direct PE peer group

Liberum on Performance

“Track record of strong NAV growth – 24% five-year annualised NAV TR highest in direct PE peer group. EBITDA growth has been the primary driver of NAV performance. Average exit premium of c.60% since 2018. Low portfolio valuation multiple. Portfolio includes several companies that are relatively mature, offering scope for further realisation.”

We continue to see the 36% discount as excessive and unwarranted

Numis on the Discount

“Oakley Capital has a strong track record through a well-defined strategy focusing on mid-market European buyouts in the Consumer, Technology and Education sectors, demonstrated by OCI’s NAV total returns of 23% pa over the last five years. We continue to see the 36% discount as excessive and unwarranted.”

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