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Investment company watch

Investment company watch
April 25, 2017
Investment company watch

For example, private equity investment company Oakley Capital (OCL:155p) has just reported a 17.8 per cent net asset value (NAV) return for 2016 after adjusting for the payment of 4.5p a share of dividends. The company has not only been cashing in some huge returns on its portfolio, including a 145 per cent internal rate of return on its investment in leading online dating company Parship Elite, but has been making some potentially lucrative new investments, too.

These include the purchase of a portfolio of European real estate websites including Casa.it in Italy and atHome.lu in Luxembourg, thus building on Oakley's track record in the online consumer sector through its previous successful investments in Italy's largest car insurance broker and price comparison website, Facile.it, Parship Elite, and Verivox.de, a leading consumer energy and telecommunications price comparison website. Oakley is attracted to these business models because of the strong underlying structural market growth in these segments, their asset-light nature that leads to strong cash conversion, and the ability to accelerate performance through effective management, especially around marketing.

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