Epiris’ portfolio company AXIO Group scored a 5-times return and a 79 per cent IRR through the £455m sale of TechInsights to Oakley Capital. TechInsights is an intellectual property and technology service provider, offering consulting, patent brokerage and technical reverse engineering.
Peter Dubens, the publicity-shy entrepreneur who floated Time Out magazine, has generated a €129m (£108m) windfall for his listed private equity firm Oakley Capital, after it sold an online dating website to a German broadcaster
The listing, planned for June on the alternative investment market, would value the company at more than £200m. Oakley Capital, Time Out’s controlling shareholder since 2011, has confirmed “it has commenced a process of review of the investment in Time Out”
The Oakley Capital Private Equity L.P. 50% stake holder in Time Out has had to invest an extra £5.5m in the London listings magazine “for working capital” in the last six months after the title went free a year ago.
