TIDMOCI
RNS Number : 9517A
Oakley Capital Investments Limited
07 June 2021
07 June 2021
Oakley Capital Investments Limited
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce that Oakley Capital Origin Fund(2) ("Origin Fund") has
acquired controlling stakes in Afterbuy and DreamRobot, leading
providers of e-commerce software in the German-speaking region.
OCI's indirect contribution via Origin Fund will be GBP6
million.
Note that the above figure only relates to OCI's share of Origin
Fund's overall investment in Afterbuy and DreamRobot.
OCI's liquid resources available for future deployment
(including this transaction) are estimated to be GBP173
million.
Further details on the transaction can be found in the below
announcement from Oakley Capital(3) .
Investment in Afterbuy and DreamRobot, leading providers of
e-commerce software in the German-speaking region
Oakley Capital is pleased to announce that Oakley Capital Origin
Fund ("Origin Fund") has acquired controlling stakes in Afterbuy
and DreamRobot, two leading providers of e-commerce software in the
German-speaking region, which will be combined to become the newly
formed ECOMMERCE ONE Group (the "Group").
The two companies provide a comprehensive suite of Software as a
Service ("SaaS") solutions for small to mid-sized online merchants
selling their products through web shops and online marketplaces,
such as Amazon or eBay. The platform enables its users to manage
and automate difficult, manual and time-critical processes, such as
multi-channel product listing, data collection and stock
management. Together, more than EUR50 billion of Gross Merchandise
Volume has been processed across the businesses to date.
The two investments mark the beginning of a strategy aimed at
solidifying the Group's position as the market-leading provider for
small and medium-sized online merchants in the DACH region. Oakley
will support the growth of the businesses through its operational
experience and software buy-and-build expertise, drawing on its
track-record of successful investments in WebPros and Ekon.
The e-commerce software market is experiencing rapid growth,
underpinned by a structural shift as consumers increasingly
transact online and retailers launch and expand their online
offerings. Software tools such as Afterbuy and DreamRobot enable
merchants' e-commerce success by simplifying tasks and providing a
comprehensive overview and control centre for all sales and
transaction processes, which results in loyal customer bases and
recurring subscription revenues.
The deal was introduced to us by Valentin Schütt, who Oakley
partnered with on Oakley Capital Fund IV's investment in Wishcard
Technologies Group in 2019. The investment demonstrates the
importance of Oakley's entrepreneur network for both repeated
sourcing of proprietary deals and leveraging deep knowledge of
businesses and growth industries.
Peter Dubens, Managing Partner of Oakley Capital, commented:
"This is another example of Oakley's repeated partnering with
talented and trusted business founders, helping us to uncover
attractive opportunities that others may not be able to access. As
merchants continue to increase their online presence across
multiple channels, we see a significant opportunity to build the
go-to platform in e-commerce software alongside a talented
management team."
Daliah Salzmann, CEO of Afterbuy, commented:
"In partnering with Oakley, we look forward to building
Germany's leading e-commerce software provider. A combination of
this initial platform investment, a fragmented marketplace and
Oakley's expertise will result in ECOMMERCE ONE being the principal
supplier of software solutions to small and medium sized online
retailers."
- ends -
For further information please contact:
Oakley Capital Limited
+44 20 7766 6900
Steven Tredget, Investor Relations
Greenbrook Communications Limited
+44 20 7952 2000
Alex Jones / Michael Russell / Catriona Crellin
Liberum Capital Limited (Financial Adviser & Broker)
+44 20 3100 2000
Chris Clarke / Darren Vickers / Owen Matthews
Notes:
LEI Number: 213800KW6MZUK12CQ815
(1) About Oakley Capital Investments Limited ("OCI")
OCI is a Specialist Fund Segment ("SFS") traded investment
vehicle that aims to provide shareholders with consistent long-term
capital growth in excess of the FTSE All-Share Index by providing
liquid access to private equity returns through investment in the
Oakley Funds (2) .
A video introduction to OCI is available at
https://oakleycapitalinvestments.com/videos/
The contents of the OCI website are not incorporated into, and
do not form part of, this announcement.
(2) The Oakley Funds
Oakley Capital Private Equity L.P. and its successor funds,
Oakley Capital Private Equity II, Oakley Capital Private Equity
III, Oakley Capital IV and Oakley Capital Origin Fund are unlisted
lower-mid to mid-market private equity funds that aim to provide
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.
(3) Oakley Capital, the Investment Adviser
Founded in 2002, Oakley Capital Limited has demonstrated the
repeated ability to source attractive growth assets at attractive
prices. To do this it relies on its sector and regional expertise,
its ability to tackle transaction complexity and its deal
generating entrepreneur network.
Important information
Specialist Fund Segment securities are not admitted to the
Official List of the Financial Conduct Authority. Therefore, the
Company has not been required to satisfy the eligibility criteria
for admission to listing on the Official List and is not required
to comply with the Financial Conduct Authority's Listing Rules.
The Specialist Fund Segment is intended for institutional,
professional, professionally advised and knowledgeable investors
who understand, or who have been advised of, the potential risk
from investing in companies admitted to the Specialist Fund
Segment.
This announcement may include "forward-looking statements".
These forward-looking statements are statements regarding the
Company's objectives, intentions, beliefs or current expectations
with respect to, amongst other things, the Company's financial
position, business strategy, results of operations, liquidity,
prospects and growth. Forward-looking statements are subject to
risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Accordingly
the Company's actual future financial results, operational
performance and achievements may differ materially from those
expressed in, or implied by, the statements. Given these
uncertainties, prospective investors are cautioned not to place any
undue reliance on such forward-looking statements, which speak only
as at the date of this announcement. The Company expressly
disclaims any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual
results or any change in the Company's expectations with regard to
them or any change in events, conditions or circumstances on which
any such statements are based unless required to do so by the
Financial Services and Markets Act 2000, the Listing Rules or
Prospectus Regulation Rules of the Financial Conduct Authority or
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END
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