Oakley Capital Investments (LON:OCI), the closed-ended fund providing access to private equity manager Oakley Capital Ltd, has committed up to £33 million toward the acquisition of a majority stake in Xtel Group.
The investment forms part of a broader deal led by Oakley Capital Fund VI, which is taking a controlling position in the Belgium-based software company.
Xtel is headquartered in Ledegem, Belgium, and specialises in revenue management and trade promotion software for consumer packaged goods companies.
The company serves more than 400 consumer goods brands across its client base, according to information provided by Oakley Capital alongside the announcement.
Among Xtel’s named clients are Unilever PLC (LON:ULVR), PepsiCo Inc (NASDAQ:PEP), and Johnson and Johnson (NYSE:JNJ), representing some of the largest consumer goods firms in the world.
Oakley Capital Investments confirmed its participation in the transaction but did not disclose the total investment figure committed by Fund VI as a whole.
The £33 million figure represents Oakley Capital Investments’ portion of the deal, with the wider fund structure accounting for additional capital not detailed in the announcement.
Oakley Capital Investments operates as a closed-ended investment vehicle listed on the London Stock Exchange, offering shareholders exposure to private equity transactions managed by Oakley Capital Ltd.
The fund has previously backed a range of businesses across Europe, with a particular focus on founder-led companies and sectors including technology, education, and consumer services.
Xtel’s software products are designed to help consumer goods manufacturers manage pricing, promotional spending, and trade relationships with retail partners more effectively.
The acquisition adds a Business-to-business software asset to the Oakley Capital Fund VI portfolio, expanding its holdings in the enterprise software segment targeting the consumer goods industry.
Shares in Oakley Capital Investments were trading at 504.00 pence in London on Tuesday, down 0.8 percent at the time of the announcement.