16th Sep 2025 14:10
(Clarifying Oakley Capital's resulting stake in the K12 portfolio)
(Alliance News) - Oakley Capital Investments Ltd on Tuesday said it has renewed its commitment to its K12 investments portfolio, which includes international school operator Affinitas Group LLP.
The Pembroke, Bermuda-based private equity firm provides exposure to the education, technology, consumer and business service sectors by investing in the funds of Oakley Capital.
OCI said that Oakley Capital Fund IV has agreed to partially exit its investment in the K12 portfolio, which spans kindergarten to secondary schools. Fund IV will sell its majority stake at an estimated 6% premium to the carrying value at June 30, but will retain a minority holding.
As part of the deal, Fund IV and two third-party investors will provide capital for K12. Funds controlled by Oakley Capital will maintain a majority position in the portfolio.
OCI is anticipating a GBP25 million indirect contribution via Fund VI, but Oakley Capital has not disclosed the full investment amount.
Consequently, OCI expects around GBP25 million in look-through proceeds and an uplift of 3 pence per share to its net asset value at June 30, which was 742p per share.
Affinitas is a group of 20 international schools in Europe and the Americas, founded by Oakley in 2022. Also on Tuesday, Oakley said it has appointed Thomas Rajzbaum as the education business's new chief executive.
"Prior to joining Affinitas, Thomas was a Partner at EQT Group, a global investment organisation, where he founded the French office for its infrastructure funds and led its Education sector strategy across Europe," Oakley noted.
The private equity firm expects the renewed K12 commitment to fund an expansion of Affinitas, which it says has "a strong pipeline of new schools looking to join the group".
Oakley Managing Partner Peter Dubens said this was the firm's "eighth education investment and our thirteenth year in the K12 segment, which we continue to see as one of the most attractive in the sector."
OCI shares traded marginally higher at 562.28 pence on Tuesday afternoon in London.
By Holly Munks, Alliance News reporter
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