REG - Oakley Capital Inv. - Oakley Capital agrees sale of atHome

Oakley Capital InvestmentsAnnouncement

16/10/2025 07:00

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RNS Number : 5708D  Oakley Capital Investments Limited  16 October 2025

16 October 2025

Oakley Capital Investments Limited

Oakley Capital Investments Limited(1) ("OCI" or "the Company") is pleased to
announce that Oakley Capital Fund III(2) ("Fund III") has reached an
agreement to sell its stake in atHome, which operates Luxembourg's leading
property and automotive marketplaces.

OCI's look-through share of proceeds is anticipated to be c.£16 million and
the sale represents a material uplift to the 30 June 2025 carrying value,
resulting in an uplift of 2 pence per share to the Company's NAV.

Note that the above figure only relates to OCI's share of proceeds from Fund
III's sale of atHome.

Further details on the transaction can be found in the below announcement from
Oakley Capital(3).

Oakley Capital agrees sale of atHome

Oakley Capital, a leading pan-European mid-market private equity investor, is
pleased to announce the sale of its stake in atHome to Apax Partners.
Following completion of the transaction, Fund III will have delivered
aggregate gross returns of 2.3x MM and c.23% IRR across its investments in
Casa.it and atHome.

atHome operates Luxembourg's leading property and automotive marketplaces,
with fast-growing financial services spanning mortgages, insurance and tax,
helping consumers through all stages of a transaction.

Oakley originally acquired atHome in 2017 as part of a carve-out from REA
Group, which included the Italian portal Casa.it. Oakley partnered with the
incumbent management team to support the newly independent business and drive
its next phase of growth.

In 2020, Casa.it was sold to EQT while atHome was sold to Mayfair Equity
Partners with Oakley retaining a minority stake. Over the last five years,
atHome has continued to gain market share and solidify its position as the
undisputed classifieds leader across property and auto verticals in
Luxembourg, as well as expand its proposition into adjacent financial
services.

Today, atHome is the preferred destination for both buyers and sellers, and
the platform enjoys materially higher traffic and deeper content engagement
than its closest peers, as well as a high proportion of exclusive listings.

Peter Dubens, Co-Founder and Managing Partner at Oakley Capital, said: "We're
pleased to see such a strong outcome for Soufiane and the atHome team. From
our initial acquisition of atHome via a corporate carve-out to our partnership
with Mayfair, atHome has grown into a digital market leader and consumer
champion, with a bright future ahead."

Soufiane Saadi, CEO of atHome Group, said: "I want to thank Mayfair Equity
Partners and Oakley Capital for their support over the last few years,
supporting our ambition to grow into a unique digital ecosystem. Today's
announcement marks an exciting milestone for our Company. I'm delighted to
partner with Apax, who have an enviable reputation investing in online
marketplaces and classifieds. We look forward to continuing this journey of
innovation and growth with Apax."

- ends -

 

For further information please contact:

 

Oakley Capital Limited

+44 20 7766 6900

Steven Tredget

 

Greenbrook

+44 20 7952 2000

Rob White / Michael Russell

 

Deutsche Numis (Financial Adviser & Broker)

+44 20 7260 1000

Nathan Brown / Matt Goss

 

(1) About Oakley Capital Investments Limited ("OCI")

OCI is a closed-ended investment fund trading on the main market of the London
Stock Exchange as an Official List Company. OCI 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.

A video introduction to OCI is available
at https://oakleycapitalinvestments.com/videos/
(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 II, Oakley Capital Private Equity III, Oakley
Capital IV, Oakley Capital V, Oakley Capital VI, Oakley Capital Origin and
Oakley Capital Origin II 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. The Oakley family of funds also includes Oakley
PROfounders Fund III and Oakley Touring Venture Fund, which are venture
capital funds focused on investments in entrepreneur-led, disruptive,
technology led companies.

(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

Oakley Capital Investments has now been admitted to the Official List of the
Financial Conduct Authority. Therefore, the Company is now required to satisfy
the eligibility criteria for admission to listing on the Official List is
required to comply with the Financial Conduct Authority's Listing Rules,
including in relation to transactions with related parties, financial
reporting, contents of shareholder circulars and other continuing obligations.

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 other
applicable laws, regulations or rules.

 

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