Latest news with #OakleyCapital
Bloomberg
01-08-2025
- Business
- Bloomberg
General Atlantic, Oakley Said to Near €1 Billion Deal for Brevo
A consortium consisting of General Atlantic and Oakley Capital is nearing a deal to buy Brevo in a deal that values the French software-as-a-service business at about €1 billion ($1.1 billion), people familiar with the matter said. The private equity firms are in exclusive talks with Brevo's major investors including Bridgepoint Group Plc, Partech Partners and Bpifrance, said the people, who asked not to be identified as the information. Bridgepiont and Bpifrance are likely to retain minority stakes, while Partech is fully exiting its holding via the transaction, the people said. An agreement could be announced within days, they added.
Reuters
01-07-2025
- Business
- Reuters
Britain's Smythson sold to Oakley Capital's Iconic BrandCo
MILAN, July 1 (Reuters) - Smythson of Bond Street, the British luxury leather goods and stationery brand, has been bought by Iconic BrandCo, a company controlled by Oakley Capital which invests in heritage brands, the private equity firm said on Tuesday. Italian leather group Tivoli, which bought Smythson in 2009, said in a separate note that it would continue to produce leather goods for the brand. Financial details were not disclosed by either side. Founded in London in 1887, Smythson sells products such as diaries for 195 pounds ($270) and leather passport covers starting at 170 pounds. It holds two warrants as a supplier to the British royal family. Oakley Capital's Iconic BrandCo said it has also bought Milan-based home decor firm Fornasetti and Italian luggage maker Fabbrica Pelletterie Milano. "The latest acquisitions mark an important step in Oakley's strategy of building a diversified group of luxury, heritage brands," Oakley Capital said in a statement. Iconic BrandCo also controls brands such as Alessi, Globe-Trotter and Connolly. ($1 = 0.7256 pounds)
Times
01-07-2025
- Business
- Times
Smythson sold to private equity firm Oakley Capital
Smythson, the leather goods maker which holds a royal warrant, has been sold to a private equity company after several years of losses and declining sales. The 138-year-old stationer said it had been bought for an undisclosed sum by Oakley Capital, founded by the financier and chief executive Peter Dubens. The company has been owned by Tivoli Group, one of Italy's largest handbag makers, since 2009. Smythson, which sold its Bond Street store last year as it struggled amid a global luxury slowdown, warned earlier this year that demand in the luxury sector remained 'uncertain' as it posted another decline in annual sales. The upmarket leather goods seller said it continued to suffer following the recent increase in interest rates and cost of living, as well as from the 'aftermath' of the Covid pandemic and the impact from the war in Ukraine.
Times
01-07-2025
- Business
- Times
Business live: UK house prices fall as stamp duty rise hits demand
The annual rate of house price growth slowed to 2.1 per cent in June from 3.5 per cent in May on weaker demand following the increase in stamp duty at the start of April, data from the mortgage lender Nationwide average price of a home is £271,619, down from £273,427 in May. Robert Gardner, Nationwide's chief economist, said: 'Nevertheless, we still expect activity to pick up as the summer progresses, despite ongoing economic uncertainties in the global economy, since underlying conditions for potential homebuyers in the UK remain supportive.' He said the unemployment rate remains low, wages are rising after stripping out inflaiton and borrowing costs are likely to fall in the coming quarters. Northern Ireland remained the top-performing area, with annual house price growth of 9.7 per cent. East Anglia was weakest, with 1.1 per cent year-on-year rise. Smythson, the 138-year-old leather goods maker which holds a royal warrant, has been sold to a private equity company after several years of losses and declining sales, writes Isabella Fish, Retail Editor. The company has been bought for an undisclosed sum by Oakley Capital, founded by the financier and chief executive Peter Dubens. It has been owned by Tivoli Group, one of Italy's largest handbag makers, since 2009. Smythson, which sold its Bond Street store last year as it struggled amid a global luxury slowdown, warned earlier this year that demand in the luxury sector remained 'uncertain' as it posted another decline in annual was started in 1887 by Frank Smythson, who opened a New Bond Street boutique promising 'stationery and fancy articles of a high-class character'. The dollar has weakened overnight as President Donald Trump's spending bill fueled fiscal concerns and uncertainty around trade deals hit sentiment. The dollar index, which measures the dollar against six other currencies, slipped to 96.612, its lowest since February 2022. Sterling rose against the dollar to $1.3742. Stock markets in Asia edged higher, except for Japan's Nikkei index, which fell on uncertainties around US-Japan trade talks. Trump wrote on Truth Social that Japan's reluctance to import American-grown rice was a sign that countries have become 'spoiled with respect to the United States of America'. The gold price rose, with the safe-haven asset supported by the weaker dollar and uncertainty over tariff policies ahead of Trump's July 9 deadline. The price rose 0.8% to $3,329.63 an ounce.
Reuters
30-06-2025
- Business
- Reuters
UK's Oakley Capital to sell legaltech platform vLex to Clio at $1 billion valuation
June 30 (Reuters) - British private equity firm Oakley Capital Investments (OCIO.L), opens new tab said on Monday it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion.
