Oakley Capital Investments Limited Inspired welcomes TA Associates as an investor (3484M)
July 28 2017 - 2:00AM
UK Regulatory
TIDMOCL
RNS Number : 3484M
Oakley Capital Investments Limited
28 July 2017
28 July 2017
Oakley Capital Investments Limited
Inspired welcomes TA Associates as an investor in its next phase
of growth
Oakley Capital Investments Limited(1) (AIM:OCL, the "Company")
is pleased to announce that Inspired(2) , a leading group of
premium schools in Europe, Africa, Latin America and Australia and
a portfolio company of Oakley Funds, has received a significant
strategic growth investment from TA Associates, a leading global
growth private equity firm, comprising both primary and secondary
investment.
OCL first invested in Inspired through Oakley Capital Private
Equity L.P.'s ("Fund I")(3) investment in Educas in July 2013. As
Fund I is reaching the end of its life, it has taken the
opportunity to exit its holding in Inspired achieving a 3.0x return
on its original investment. Fund I offered LPs the option of either
a cash or share distribution. OCL and a number of other LPs will
retain the majority of their interests in Inspired in order to
benefit from the next phase of growth. Oakley Capital Private
Equity II ("Fund II")(3) has also sold down a small part of its
stake in order to facilitate TA Associates' entry into the capital
structure. Financial terms have not been disclosed, however the
Company can confirm that OCL's net cash proceeds from these
transactions will be approximately EUR10 million.
The addition of such a high quality investor to Inspired's
shareholder base, as well as the new investment being made by TA
Associates to fund Inspired's continued growth and expansion, is a
clear positive for the business and for OCL. Following the
transaction, OCL's interest in Inspired, through both its direct
investment and through Fund II, is valued at approximately EUR72
million. This combined with the sell down proceeds will not have a
material impact on the NAV per share compared to the December
position.
Inspired is a co-educational, non-denominational, independent
school group designed to inspire students to achieve their maximum
potential in a nurturing, progressive academic environment.
Inspired has grown rapidly by aiming to build new schools and
acquire existing successful ones around the world. Inspired
currently educates approximately 19,000 students between the ages
of 1 and 18. The company has offices in London, Johannesburg,
Bogota and Sydney.
Peter Dubens, Director of OCL, commented:
"We are delighted to continue backing Nadim Nsouli in the
further development of Inspired. We believe there is significant
scope for further growth and the addition of TA Associates to
Inspired's investor base will enable Inspired to realise its
ambition of being one of the leading global premium schools
groups."
Nadim Nsouli, Founder and Chairman of Inspired, commented:
"I am grateful to Oakley for their invaluable support over the
last four years. Oakley was the lead investor in 2013 when I
launched Educas with the acquisition of four schools in South
Africa. Today, we have a leading premium global group of 27 schools
and 5 early learning centres under the Inspired group on four
continents. I look forward to working with our new investor, TA
Associates, and Oakley as both firms have a history of helping
successful businesses accelerate growth."
For further information please contact:
Oakley Capital Investments Limited
+44 20 7766 6900
Peter Dubens, Director
Steven Tredget, Investor Relations
FTI Consulting LLP
+44 20 3727 1000
Edward Bridges / Stephanie Ellis
Liberum Capital Limited (Nominated Adviser & Broker)
+44 20 3100 2000
Steve Pearce / Henry Freeman / Jill Li
(1) About Oakley Capital Investments Limited ("OCL")
Oakley Capital Investments Limited is a Bermudian company listed
on AIM. OCL seeks to provide investors with long term capital
appreciation through its investment in Oakley Capital Private
Equity L.P., Oakley Capital Private Equity II, Oakley Capital
Private Equity III and through co-investment opportunities.
(2) About Inspired
Inspired is a leading premium schools group in Europe,
Australia, Africa and Latin America educating 19,000 students
across a global network of 27 premium schools and five Early
Learning Schools. Inspired offers a fresh and contemporary approach
to education by re-evaluating traditional teaching methods and
curriculums, and creating a more dynamic, relevant and powerful
model reflecting current attitudes. For more information, please
visit www.inspirededu.co.uk
(3) About Oakley Capital Private Equity L.P. ("Fund I"), Oakley
Capital Private Equity II ("Fund II") and Oakley Capital Private
Equity III ("Fund III")
Oakley Capital Private Equity L.P. and its successor funds,
Oakley Capital Private Equity II and Oakley Capital Private Equity
III, are unlisted mid-market private equity funds with the aim of
providing 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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