TIDMOCI
RNS Number : 3242R
Oakley Capital Investments Limited
26 October 2023
26 October 2023
Oakley Capital Investments Limited
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce that Oakley Capital Origin Fund I(2) ("Origin") has agreed
to acquire Webcentral, a leading Australian domains, hosting and
e-mail provider, in a carve-out from Webcentral Limited.
OCI's indirect contribution via Origin will be c.GBP3
million.
Note that the above figure only relates to OCI's share of
Oakley's overall investment in Webcentral.
Further details on the transaction can be found in the below
announcement from Oakley Capital(3.)
Oakley Capital invests in domains & hosting provider
Webcentral
Oakley Capital ("Oakley"), a leading pan-European, mid-market
private equity investor, is pleased to announce that Oakley Capital
Origin Fund I ("Origin" or "the Fund") has agreed to acquire a
stake in Webcentral DEH ("Webcentral"), a leading Australian
domains, hosting and e-mail provider, in a carve-out from its
parent, Webcentral Limited, an Australia-based digital solutions
company listed on the Australia Securities Exchange (ASX).
Founded in 1996 as one of Australia's first domain and hosting
providers, Webcentral offers an extensive portfolio of digital
services to over 330,000 small and medium businesses and 2,500
enterprises across Australia and New Zealand. The company is
growing profitably with high cash conversion rates as more SMEs
seek to digitise their business models.
Oakley is investing in Webcentral in partnership with veteran
hosting entrepreneurs Jochen Berger and Tom Strohe, marking the
latest in a series of successful collaborations in this space,
including Intergenia, HEG, WebPros and Contabo. The investment
reflects Oakley's ability to leverage its network of entrepreneurs,
its sector focus and buy-and-build track record to unearth
attractive investment opportunities.
Oakley and its partners will apply their extensive experience
scaling SaaS and hosting companies across Europe to help Webcentral
unlock opportunities in a fragmented, international hosting market
that continues to grow, as global demand for cloud infrastructure
solutions accelerates.
Peter Dubens, Founder and Managing Partner of Oakley Capital,
commented, "We look forward to working alongside Joe and his
management team to further develop Webcentral into a leading
hosting business and accelerate its growth. We also welcome the
opportunity to achieve this in partnership with our long-term
partners Tom Strohe and Jochen Berger, proven leaders in the
webhosting space who we have been fortunate enough to collaborate
with over the last ten years."
Joe Demase, Managing Director of Webcentral, commented, "Oakley
and their partners combine a deep understanding of the domains and
hosting sector with a proven value creation playbook. In
partnership with Tom and Jochen, the Oakley team is uniquely
positioned to support the next stage of Webcentral's growth,
enabling us to expand our capabilities, further improve our
services to clients, and pursue new growth opportunities."
- ends -
For further information please contact:
Oakley Capital Limited
+44 20 7766 6900
Steven Tredget
Greenbrook Communications Limited
+44 20 7952 2000
Rob White / Michael Russell
Liberum Capital Limited (Financial Adviser & Broker)
+44 20 3100 2000
Chris Clarke / Darren Vickers / Owen Matthews
Notes:
LEI Number: 213800KW6MZUK12CQ815
(1) About Oakley Capital Investments Limited ("OCI")
OCI is a Specialist Fund Segment ("SFS") traded investment
vehicle that aims to provide shareholders with consistent long-term
capital growth in excess of the FTSE All-Share Index by providing
liquid access to private equity returns through investment in the
Oakley Funds.
A video introduction to OCI is available at
https://oakleycapitalinvestments.com/videos/
The contents of the OCI website are not incorporated into, and
do not form part of, this announcement.
(2) The Oakley Funds
Oakley Capital Private Equity L.P. and its successor funds,
Oakley Capital Private Equity II, Oakley Capital Private Equity
III, Oakley Capital IV, Oakley Capital V, Oakley Capital Origin
Fund and Oakley Capital Origin Fund II are unlisted lower-mid to
mid-market private equity funds that aim to provide investors with
significant long-term capital appreciation. The investment strategy
of the Funds is to focus on buy-out opportunities in industries
with the potential for growth, consolidation and performance
improvement. The Oakley family of funds also includes Oakley
PROfounders Fund III and Oakley Touring Venture Fund, which are
venture capital funds focused on investments in entrepreneur-led,
disruptive, technology led companies.
(3) Oakley Capital, the Investment Adviser
Founded in 2002, Oakley Capital Limited has demonstrated the
repeated ability to source attractive growth assets at attractive
prices. To do this it relies on its sector and regional expertise,
its ability to tackle transaction complexity and its deal
generating entrepreneur network.
Important information
Specialist Fund Segment securities are not admitted to the
Official List of the Financial Conduct Authority. Therefore, the
Company has not been required to satisfy the eligibility criteria
for admission to listing on the Official List and is not required
to comply with the Financial Conduct Authority's Listing Rules.
The Specialist Fund Segment is intended for institutional,
professional, professionally advised and knowledgeable investors
who understand, or who have been advised of, the potential risk
from investing in companies admitted to the Specialist Fund
Segment.
This announcement may include "forward-looking statements".
These forward-looking statements are statements regarding the
Company's objectives, intentions, beliefs or current expectations
with respect to, amongst other things, the Company's financial
position, business strategy, results of operations, liquidity,
prospects and growth. Forward-looking statements are subject to
risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Accordingly
the Company's actual future financial results, operational
performance and achievements may differ materially from those
expressed in, or implied by, the statements. Given these
uncertainties, prospective investors are cautioned not to place any
undue reliance on such forward-looking statements, which speak only
as at the date of this announcement. The Company expressly
disclaims any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual
results or any change in the Company's expectations with regard to
them or any change in events, conditions or circumstances on which
any such statements are based unless required to do so by the
Financial Services and Markets Act 2000, the Listing Rules or
Prospectus Regulation Rules of the Financial Conduct Authority or
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END
ACQFESFSMEDSEFS
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