UK private equity firm Oakley Capital reported that its net asset value (NAV) increased at least 11 per cent in the year to end June.
In its pre-close statement, Oakley said its NAV is expected to be in the range of £1.93 to £1.95 per share.
The firm said that the limited partnership has so far made four exits, achieving a return multiple of 2.6 times and an IRR 43 per cent. Across all the disposals made to date, Oakley has achieved a 14 per cent uplift in realisation proceeds above the previous book value of the relevant investment.
Oakley currently has six portfolio businesses including Daisy Group, Time Out Group and Intergenia.
Oakley director Peter Dubens said, “We have had a strong start to 2013 with three exits which have generated attractive returns for the company. We continue to see strong deal flow and have a number of new investment and portfolio company bolt-on acquisitions under review.”
AIM listed Oakley has an indirect interest in all of Oakley Capital Private Equity’s portfolio companies representing 65 per cent of the Limited Partnership’s total commitments.
Back in May Oakley Capital made a 2.7 times return by selling Headland Media for an enterprise value of £15.5m.
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