TIDMOCI
RNS Number : 2551Y
Oakley Capital Investments Limited
05 September 2022
5 September 2022
Oakley Capital Investments Limited
Oakley Capital Investments Limited(1) ("OCI") is pleased to
announce that Oakley Capital Origin Fund(2) ("Origin Fund") is
investing in vLex, an online legal information subscription
platform.
OCI's indirect contribution via Origin Fund will be c.GBP8
million.
Note that the above figure only relates to OCI's share of
Oakley's overall investment in vLex.
Further details on the transaction can be found in the below
announcement from Oakley Capital(3.)
Oakley invests in global legal information platform vLex
-- Cloud-based, online subscription platform offering easy
access to global legal & regulatory information
-- Clients include law firms, universities, corporations and government agencies
-- Digitisation and increasing legal and regulatory complexity
driving growth in $21bln global LegalTech market
Oakley Capital ("Oakley"), the pan-European private equity
investor, is pleased to announce that Oakley Capital Origin Fund is
partnering with the founders of vLex, a cloud-based legal
information subscription platform. Founded by brothers Lluis and
Angel Faus and headquartered in London, Miami and Barcelona, vLex
provides over two million users with access to an online library of
global legal and regulatory information including case law,
legislation, journals and dockets from over 100 countries. vLex's
scalable and smart data ingestion process, coupled with AI-powered
search engine functionality makes research and analysis faster and
easier, increasing productivity for users. The Company's diverse
customer base includes law firms, universities and law schools,
government agencies and corporates across Europe, Africa, Asia,
Oceania, the Caribbean, and the Americas
vLex has consistently generated double-digit revenue growth in
recent years, thanks to strong management, a differentiated product
offering and market tailwinds. The Company expects profits to grow
more than 20% this year. The global LegalTech market is worth $21
billion and growing as legal information users digitalise their
business models further and amid the growing complexity and
internationalisation of laws and regulations.
Oakley's partnership with vLex builds on the firm's significant
expertise supporting digital-first, data and information platforms
including TechInsights, the world's authoritative information
services platform for the global semiconductor industry. It is also
Oakley's fourth platform deal in Iberia, following the firm's
investments in property portal idealista, business software
provider Grupo Primavera, and advertising technology disruptor
Seedtag. Oakley's latest investment will help vLex's management
accelerate their strategic goal of building a cost-effective leader
in the fragmented market for legal research, through organic growth
and M&A.
Oakley Capital Founder and Managing Partner, Peter Dubens,
commented:
"vLex has all the hallmarks of an Oakley deal: a fast-growing,
disruptive business model in a niche sector, led by ambitious
business-founders. We look forward to partnering with Lluis and
Angel to help them build a successful product in the global market
for legal information."
vLex Co-Founders Lluis & Angel Faus said:
"Oakley has a strong track record helping successful,
tech-enabled businesses grow, through internationalisation, product
optimisation and buy-and-build, both in Spain and abroad. We
particularly liked their entrepreneurial ethos and heritage, and
look forward to working with the Oakley team as we deliver on our
strategic objectives for vLex."
- ends -
For further information please contact:
Oakley Capital Limited
+44 20 7766 6900
Steven Tredget
Greenbrook Communications Limited
+44 20 7952 2000
Rob White / Michael Russell
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.
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, Oakley Capital V 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
ACQEAFNSEALAEFA
(END) Dow Jones Newswires
September 05, 2022 07:26 ET (11:26 GMT)
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