Oakley Capital Investments Ltd. (DI) (OCI)

Sector:

Financials

491.00p
   
  • Change Today:
    -3.50p
  • 52 Week High: 527.00
  • 52 Week Low: 437.50
  • Currency: UK Pounds
  • Shares Issued: 176.42m
  • Volume: 43,943
  • Market Cap: £866.21m
  • Beta: 0.16

Oakley Capital fund takes majority stake in fitness platform 7NXT

By Josh White

Date: Friday 02 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Oakley Capital Investments announced on Thursday that Oakley Capital Origin Fund has acquired a majority stake in German-language online fitness and nutrition platform 7NXT from founder and chief executive officer Markan Karajica, and Crosslantic Capital.
The London-listed firm said Karajica would continue in his role, and would retain a significant minority stake in the business.

It said 7NXT comprises three businesses - female-focused online fitness subscription platform Gymondo, direct-to-consumer fitness nutrition and supplements brand Shape Republic, and complementary merchandising and licensing division Brand Solutions.

Gymondo accounted for the majority of the group's revenues, offering subscription-based access to workout videos, customised fitness programmes and personalised nutrition plans.

Since launching in 2013, Gymondo had seen more than two million accounts registered.

Through its investment, Oakley said it would partner with Karajica and the management team to scale 7NXT in the "rapidly growing" online fitness and health market, and accelerate both its domestic and international growth.

Oakley said it would support the management team through its network, operational experience and expertise in the consumer technology sector, established through its track record of successful investments in platforms such as Parship Elite, Facile.it and Wishcard Technologies Group.

The company said it originated the deal through its relationship with the founder Markan Karajica.

It said the Origin Fund, to which Oakley made an initial commitment in July, had invested €42.6m to acquire 7NXT.

"7NXT is a leader in the high-growth digital fitness and nutrition market, with an excellent leadership team, driven to fulfil their mission of empowering people to live healthy and positive lifestyles," said managing partner Peter Dubens.

"As a founder-led, tech-enabled business, 7NXT demonstrates many of the traits that Oakley targets in an investment and we believe that it is well placed to build on its position as the German market leader.

"We are looking forward to partnering with Markan and the team at this exciting stage."

At 1134 BST, shares in Oakley Capital Investments were up 0.7% at 253p.

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OCI Market Data

Currency UK Pounds
Share Price 491.00p
Change Today -3.50p
% Change -0.71 %
52 Week High 527.00
52 Week Low 437.50
Volume 43,943
Shares Issued 176.42m
Market Cap £866.21m
Beta 0.16

OCI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average
29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% below the sector average
Price Trend
60.48% above the market average60.48% above the market average60.48% above the market average60.48% above the market average60.48% above the market average
32.14% above the sector average32.14% above the sector average32.14% above the sector average32.14% above the sector average32.14% above the sector average
Income
93.77% below the market average93.77% below the market average93.77% below the market average93.77% below the market average93.77% below the market average
90.62% below the sector average90.62% below the sector average90.62% below the sector average90.62% below the sector average90.62% below the sector average
Growth
96.35% below the market average96.35% below the market average96.35% below the market average96.35% below the market average96.35% below the market average
98.04% below the sector average98.04% below the sector average98.04% below the sector average98.04% below the sector average98.04% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OCI Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 21-Mar-24
Paid 18-Oct-24 26-Apr-24
Amount 2.25p 2.25p

Trades for 21-Nov-2024

Time Volume / Share Price
16:38 1,216 @ 491.00p
15:10 201 @ 491.06p
14:35 2,481 @ 490.00p
14:27 1,000 @ 493.80p
14:06 1,150 @ 490.77p

OCI Key Personnel

Chair Caroline Foulger

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