29th Jan 2020 13:56
(Alliance News) - Oakley Capital investments Ltd on Wednesday said its net asset value rose in 2019, due to a strong performance from its portfolio companies in the year.
Net asset value per share as at December 31 stood at 345 pence, up 9% from 281p the same date the year before.
The investment company's net assets also increased by GBP686 million from GBP574.8 million year-on-year.
Oakley Capital Investments said its net asset value was lifted by positive revaluations across its portfolio, namely Time Out Group PLC with a 73% share price increase, web hosting firm WebPros with a total return of 77%, and a sell down of private schools group Inspired in May at an 81% premium to book value.
During the period, Oakley Capital Investments invested GBP103 million, and received proceeds of GBP78 million.
Oakley Capital Investments will publish its annual results on March 12.
Shares in Oakley Capital Investments - which is based in Hamilton, Bermuda - were up 1.5% at 270.00 pence on Wednesday in London.
By Dayo Laniyan; [email protected]
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