Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a658589

Investment Trust Insider: As LBOs return Oakley is the pick of pre-crash PE

by James Carthew on Feb 19, 2013 at 00:01

Broadstone has been trimming costs and making a couple of bolt-on acquisitions. It was loss-making at Oakley’s H1 stage.

Otherwise, there is not much I can glean on Intergenia, and the other investments are probably too small to make a material difference. They have just made one large disposal however, selling Emesa, which added circa 3% to the NAV. The original LP still has a while to run and Oakley has undrawn commitments of £52 million. In October 2010, Oakley also made £100 million of commitments to a successor fund but none of this has been called to date.

In the short term, the main attraction seems to be the discount but it will be interesting to see how Time Out is faring when Oakley reports in April.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

The Citywire guide to investment trusts

Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the shares

  • Oakley Capital Investments Ltd
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Daisy Group PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the investment trusts

  • 3i (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Candover Investments (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • SVG Capital (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet