News Column

Time Out mag owner boosts asset values

February 7, 2014


TIME Out magazine co-owner Oakley Capital yesterday said its listed fund vehicle rose nine per cent in value last year close to 250m.

The business, which is set to welcome top fund manager Neil Woodford to the firm in May, said the net asset value (Nav) of its funds will be between 245m and 247m at the end of December.

This will give a Nav per share of 1.98 to 2 - a nine per cent rise from 1.81 per share last year.

The successful exit from four of its portfolio companies also helped make 33m for the company. This represents a gross average multiple of 2.8 times.

Director Peter Dubens, who famously bought Vans trainers to the UK, said: "2014 has started strongly with an interesting pipeline of proprietary investment opportunities under consideration."

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: City A.M. (UK)

Story Tools