Oakley Capital Investments (OCI) has successfully exited its investment in Schülerhilfe, a tutoring service provider in Germany, Austria, and Switzerland, for £40 million. This sale increases Oakley's total proceeds for 2024 to £175 million and reflects a 1% uplift to the company's September net asset value (NAV) of 693p per share.

Since acquiring a majority stake in Schülerhilfe in 2017, Oakley has focused on enhancing the company's tutoring services, which cater to K-12 students. The firm has emphasized quality in-person tutoring while also expanding online offerings and adult language courses. Recently, Schülerhilfe completed a debt refinancing, further solidifying its financial position.

This exit follows earlier sales of Idealista, a Spanish online property portal, and Ocean Technologies, a maritime software provider, which collectively generated expected proceeds of £120 million. Peter Dubens, co-founder of Oakley Capital, praised Schülerhilfe's ambitious expansion strategy, noting its success in maintaining high-quality tutoring while growing into new markets.

In its third-quarter update, Oakley reported a 2% decline in NAV total returns for the three months ending September, primarily due to foreign exchange fluctuations. However, NAV increased by 7% when excluding currency impacts. Partner Steven Tredget highlighted that the portfolio companies continue to perform well despite a challenging macroeconomic environment, leveraging disruptive business models to gain market share.

Oakley has also been active in making investments, committing £28 million to various projects, including a broadband platform in Germany and a managed services provider focused on disaster recovery. The proceeds from recent sales will help address outstanding commitments totaling £777 million, with Oakley holding £108 million in cash and £57 million in undrawn debt facilities.

Looking ahead, Tredget indicated that the funds from recent exits would be allocated to new investments over the next five years. The firm is also considering reviving its share buyback program, as its shares currently trade at a 27.4% discount to NAV. Despite a 62.4% growth in NAV over the past three years, share prices have only risen by 38%. However, shareholder returns have surged by 141% over five years, demonstrating Oakley's strong performance in the private equity space.