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Oakley Capital Investments Ltd on Tuesday said it has renewed its commitment to its K12 investments portfolio, which includes international school operator Affinitas Group LLP. The Pembroke, Bermuda-based private equity firm provides exposure to the education, technology, consumer and business service sectors through its managed funds. OCI said that Oakley Capital Fund IV has agreed to partially exit its investment in the K12 portfolio, which spans kindergarten to secondary schools. Oakley Capital will sell its majority stake at an estimated 6% premium to the carrying value at June 30, while funds which it controls will retain a minority holding. As a result, OCI expects around £25 million in look-through proceeds and an uplift of 3 pence per share to its net asset value at June 30, which was 742p per share. The deal requires Oakley Capital and two third-party investors to inject new capital into K12, with OCI anticipating a £25 million indirect contribution via Fund VI. Affinitas is a group of 20 international schools in Europe and the Americas, founded by Oakley in 2022. Also on Tuesday, Oakley said it has appointed Thomas Rajzbaum as the education business’s new chief executive. ‘Prior to joining Affinitas, Thomas was a Partner at EQT Group, a global investment organisation, where he founded the French office for its infrastructure funds and led its Education sector strategy across Europe,’ Oakley noted. The private equity firm expects the renewed K12 commitment to fund an expansion of Affinitas, which it says has ‘a strong pipeline of new schools looking to join the group’. Oakley Managing Partner Peter Dubens said this was the firm’s ‘eighth education investment and our thirteenth year in the K12 segment, which we continue to see as one of the most attractive in the sector.’ OCI shares were down 0.4% at 560.00 pence around midday on Tuesday in London, and have risen 11% on the past 12 months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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