11th Sep 2013 12:33
LONDON (Alliance News) - Oakley Capital Investments Limited Wednesday said its half-year net asset value per share rose after its portfolio companies performed well on the whole.
Oakley said its net asset value per share increased 7.7% to GBP1.95 over the six months to June 30, up from GBP1.81 on December 31.
"The positive momentum in NAV that we reported at the year-end has continued into the current financial year and we are pleased to be able to report an increase in this key metric of 8% since the year end and 12% year on year. Our divestments in the period have generated strong returns and [internal rates of return] for the limited partnership and consequently for the company," Peter Dubens, director, said in a statement.
The disposals included its investments in Emesa B.V. and Headland Media Limited, which raised approximately EUR95 million and GBP15.5 million, respectively.
Oakley said it is open to further international acquisitions following the purchase of Reddam House, an operator of private schools in South Africa, on July 10 for EUR16.6 million.
Oakley shares were Wednesday quoted at 153.30 pence, up 4.30 pence.
By Samuel Agini; [email protected]; @samuelagini
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