Oakley Capital Private Equity III to acquire TechInsights

Oakley Capital Investments Limited (LSE-AIM: OCL) through Oakley Capital Private Equity III has reached an agreement to acquire a majority stake in TechInsights from AXIO Group, a portfolio company of Electra Private Equity PLC (LSE: ELTA), publicly listed private equity fund managed by Epiris Managers LLP.

Oakley Capital Private Equity III is expected to invest US $49.9 million in the business and will invest alongside Henry Elkington, CEO of AXIO Group, who will become Chairman of TechInsights at completion.

TechInsights is a global leader in the intellectual property and technology services market. The company has unparalleled capabilities in semiconductor reverse engineering, which is used to prove patent infringement and understand the technology behind everyday consumer electronics.

Following the merger with its main competitor (ChipWorks) in June 2016 TechInsights generated revenues of US $45 million and EBITDA of US $12.6 million in 2016, on a pro-forma basis.

“We are delighted to have reached agreement for an investment in a business of TechInsights’ quality and global reputation. We look forward to supporting Henry Elkington and the experienced management team in developing the business further, particularly by leveraging TechInsights unmatched know-how to grow the subscription and syndicated data product offering,” said Peter Dubens, Director of OCL.

Bermuda registered Oakley Capital Investments manages Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III, mid-market private equity funds with the aim of providing 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.

photo credit: TechInsights

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.