DOCSLIB.ORG

The Company Delivered a Total Net Asset Value ('NAV')

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Company Delivered a Total Net Asset Value ('NAV') ANNUAL REPORT & ACCOUNTS 2020 OUR OBJECTIVE Oakley Capital Investments (‘OCI’) aims to provide The Company shareholders with consistent long-term returns in excess of delivered a total the FTSE All-Share Index by providing exposure to private equity returns, where value can be created through market Net Asset Value growth, consolidation and performance improvement. (‘NAV’) return of OUR STRATEGY 18% in 2020 and OCI (the ‘Company’) provides liquid access to a portfolio of high-quality private companies and market-leading grew its NAV returns by investing in the Funds managed by Oakley Capital (‘Oakley’). Oakley invests in businesses across to £728 million. Western Europe in three distinct sectors – Technology, Consumer and Education – with a clear focus on digital business models. Overview Strategic Report Governance Consolidated Financial Statements 01 CONTENTS Overview Strategic Report Governance Consolidated Financial Statements 02 Why invest? 14 The Oakley difference 46 Board of Directors 78 Independent Auditor’s report 03 Financial highlights 15 Investment Adviser’s report 48 Directors’ report 83 Consolidated statement of 04 Portfolio activity 18 Investment Adviser’s approach 54 Investment policy comprehensive income 06 Chair’s statement 20 Case study: WebPros 55 Statement of Directors’ 84 Consolidated balance sheet 08 At a glance 21 Overview of Oakley Funds responsibilities 85 Consolidated statement of changes in equity 10 Portfolio overview 23 OCI NAV overview 56 Corporate Governance report 63 Audit Committee report 86 Consolidated statement of 26 Outstanding commitments cash flows of OCI 65 Risk Committee report 87 Notes to the Consolidated 27 Overview of OCI’s underlying 66 Principal risks Financial Statements investments and uncertainties 115 Directors and advisers 29 Technology portfolio companies 68 Nomination Committee report 116 G l o s s a r y 34 Consumer portfolio companies 69 Management Engagement 38 Education portfolio Committee report companies 70 Governance, Regulatory and 41 Environmental, Social Compliance Committee report and Governance policy 71 Remuneration Committee report 72 Directors’ Remuneration report 73 Alternative Investment Fund Managers’ Directive 74 Shareholder information 75 Why invest in listed private equity? www.oakleycapitalinvestments.com Overview Strategic Report Governance Consolidated Financial Statements 02 WHY INVEST? OCI investors gain liquid access to a MARKET-LEADING HIGH-QUALITY REPEATABLE differentiated RETURNS PORTFOLIO COMPANIES SUCCESS model of private Market-leading and consistent returns Returns are driven by profit growth in a OCI benefits from its partnership with equity investing drive capital growth for shareholders. high-quality portfolio of companies across Oakley, whose success is built on OCI’s ten-year total shareholder return is Western Europe. Their business models proprietary origination, with over 75% of that delivers 112% versus 72% delivered by the FTSE are focused on tech-enabled services and deals being uncontested. Central to the All-Share. digital platforms that have delivered strong ability to repeatedly source and execute consistent trading performance, despite global attractive deals is Oakley’s established economic disruption. network of successful business founders returns. and entrepreneurs who help to identify opportunities and drive growth. Overview Strategic Report Governance Consolidated Financial Statements 03 FINANCIAL HIGHLIGHTS The Company’s NAV per share OCI performance increased in the Net Asset Value (‘NAV’) Total NAV return Five-year p.a. total return Total shareholder return The total NAV of the Company As at 31 December 2020, the As at 31 December 2020, the five- As at 31 December 2020, the share year by 58 pence at 31 December 2020 was: total NAV return per share was: year annualised total NAV return per price was 286.5p with a total share was: shareholder return for the year of: to 403 pence £728m 18% 16% 9% per share. 2020 £728m 2020 18% 2020 16% 2020 9% 2019 £686m 2019 25% 2019 13% 2019 56% 2018 £575m 2018 16% 2018 8% 2018 9% OCI balance sheet and distributions Cash Outstanding fund Dividend (31% of NAV) commitments (70% of NAV) The full-year dividend for the year ending 31 December 2020 was: £223m £512m 4.5 pence 2020 £223m 2020 £512m 2020 4.5p 2019 £49m 2019 £429m 2019 4.5p 2018 £108m 2018 £152m 2018 4.5p Portfolio companies LTM EBITDA growth EV/EBITDA multiple Net debt/EBITDA ratio 20% 11.8x 3.9x 2020 20% 2020 11.8x 2020 3.9x 2019 30% 2019 12.1x 2019 3.7x 2018 39% 2018 12.6x 2018 3.8x OCI assesses its performance using a variety of measures that are not specifically defined under IFRS and are therefore termed Alternative Performance Measures (‘APMs’). These APMs have been used as they are considered by the Board to be the most relevant basis for shareholders in assessing the performance of the Company. The APMs used by the Company are listed in the glossary, along with their definition/explanation, their closest IFRS measure and where appropriate, reconciliations to those IFRS measures. Overview Strategic Report Governance Consolidated Financial Statements 04 PORTFOLIO ACTIVITY An active year for investments by the Oakley Funds Investments – £152 million invested1 WebPros Ocean Technologies Group (‘Ocean’) Ocean Technologies Group 7NXT North Sails OCI investment £42m OCI investment £1m OCI investment £1m OCI investment £11m OCI investment £28m Following Fund III’s exit of Ocean completed the add-on acquisition Ocean completed the add-on The Origin Fund completed A direct debt investment WebPros, Fund IV made of MTS, a marine e-learning content and acquisition of Marlins, V. Group’s its first investment through was provided to North a follow-on investment to distribution business. e-learning subsidiary. the acquisition of a majority Sails as growth capital for benefit from the significant stake in 7NXT, the leading North Kiteboarding and long-term growth potential online fitness and nutrition North Sails Apparel. of the business. platform in the German- speaking region. January February March April May June July August September October November December Globe-Trotter Time Out WindStar Medical Ekon OCI investment £6m OCI investment £24m OCI investment £31m OCI investment £4m Fund III acquired a majority OCI purchased new shares Fund IV acquired a majority Ekon completed the stake in Globe-Trotter, the in Time Out’s equity placing, stake in WindStar Medical, add-on acquisitions of British luxury luggage brand. both directly and through Germany’s leading over- Contasimple and Billage, Globe-Trotter has been Fund I. the-counter consumer accounting software for combined with Alessi to healthcare company. freelancers and micro- form the Iconic BrandCo. companies, respectively. View current portfolio company details on page 29-40 1 All investments on a look-through basis. The timeline excludes direct debt investments in Oakley Funds. Overview Strategic Report Governance Consolidated Financial Statements 05 PORTFOLIO ACTIVITY CONTINUED Realisations and refinancings Realisations – £341 million realised1 WebPros atHome Time Out Wishcard Technologies Group Career Partner Group Exit – Partial exit – Debt repayment – Refinancing – Refinancing – £117m OCI proceeds £15m OCI proceeds £27m OCI proceeds £7m OCI proceeds £2m OCI proceeds Fund III sold its stake in Fund III sold its majority Following the Time Out Wishcard completed a refinancing, Career Partner Group WebPros at a 92% premium stake in atHome Group, fund raise, all outstanding resulting in a distribution to Fund IV. completed a refinancing to the 30 June 2019 interim a leading online classifieds OCI loans and interest resulting in a distribution carrying value. and mortgage-broking were repaid and all to Fund III. business in Luxembourg. loan facilities were subsequently cancelled. January February March April May June July August September October November December Career Partner Group Inspired Facile Casa Refinancing – Exit – Refinancing – Exit – £19m OCI proceeds £97m OCI proceeds £9m OCI proceeds £35m OCI proceeds Career Partner Group OCI exited both its direct Facile completed a Fund III sold its stake in completed a refinancing holding and its Fund II refinancing, resulting in Casa, one of the leading resulting in a distribution indirect holding in Inspired. a distribution to Fund III. players in the online real to Fund III. The realisation was at a estate classifieds market 25% gain over carried in Italy. fair value. View current portfolio company details on page 29-40 1 All realisations and refinancings on a look-through basis. The timeline excludes direct debt repayments from Oakley Funds. Overview Strategic Report Governance Consolidated Financial Statements 06 CHAIR’S STATEMENT 18 million c.500k Shares bought back for cancellation Average daily share liquidity In a year of significant disruption, it is A stand-out performer within the portfolio successful repositioning of the portfolio Portfolio testament to the strength of OCI’s proposition was online private university company, Career companies under Oakley’s ownership. that, despite unprecedented global events, Partner Group (‘CPG’), which added 34 pence strength delivers its value has grown materially over the last year. to the NAV per share in the period. As a Cash and commitments This strength has been underpinned by three digitally native business, CPG benefited from At year end, OCI had no leverage and held cash sustainable factors: the quality of the portfolio companies the growing appetite for online
Load more

Recommended publications
  • RRP Sector Assessment
    OrbiMed Asia Partners III, LP Fund (RRP REG 51072) OWNERSHIP, MANAGEMENT, AND GOVERNANCE A. The Fund Structure 1. The Asian Development Bank (ADB) proposes to invest in OrbiMed Asia Partners III, LP Fund (OAP III), which is a Cayman Islands exempted limited partnership seeking to raise up to $500 million in capital commitments. It is managed by OrbiMed Asia GP III, LP (the general partner), a Cayman Islands exempted limited partnership. The sole limited partner of the general partner is OrbiMed Advisors III Limited, a Cayman Islands exempted company. OrbiMed Advisors LLC (the investment advisor), a registered investment advisor with the United States (US) Securities and Exchange Commission, will provide investment advisory services to OAP III. This structure is illustrated in the figure below. Table 1 shows the ultimate beneficial owners (UBOs) of the general partner and the investment advisor. Table 1: Ultimate Beneficial Owners of the General Partner and the Investment Advisor (ownership stake, %) Name Investment Advisor General Partner Sven H. Borho (~10–25%) (~8%) Alexander M. Cooper (~8%) Carl L. Gordon (~10–25%) (~8%) (also Director) Geoffrey C. Hsu (<5%) (~8%) Samuel D. Isaly (~50–75%) (~8%) W. Carter Neild (<5%) (~8%) (also Director) Jonathan T. Silverstein (~5–10%) (~8%) (also Director) Sunny Sharma (~8%) (also Officer) Evan D. Sotiriou (~8%) David G. Wang (~8%) (also Officer) Jonathan Wang (~8%) (also Officer) Sam Block III (~8%) Source: OrbiMed Group. 2 2. Investors. The fund held a first closing of approximately $233.5 million on 1 March 2017, and a second closing of approximately $137.6 million on 26 April 2017.
    [Show full text]
  • Understanding Private Equity. What Is Private Equity? EXAMPLES of PRIVATELY HELD COMPANIES
    Understanding private equity. What is private equity? EXAMPLES OF PRIVATELY HELD COMPANIES: A private equity investor is an individual or entity that invests capital into a private company (i.e. firms not traded on a public exchange) in exchange for equity interest in that business. In the US, there are approximately 18,000 publicly traded companies, and more than 300,000 privately held companies. WHO MIGHT SEEK A PRIVATE EQUITY INVESTOR AS A SOURCE OF CAPITAL? • Companies looking to fund a capital need that is beyond traditional bank financing • Owners considering a partial or complete sale of their business • Managers looking to buy a business Private equity strategies. EXAMPLES OF PRIVATE EQUITY FIRMS: MOST PRIVATE EQUITY INVESTORS WILL LIMIT THEIR INVESTMENTS TO ONE OR TWO OF THE FOLLOWING STRATEGIES: • Angel investing • Growth capital • Venture capital • Distressed investments • Leveraged buyouts (LBO) • Mezzanine capital Sources of capital for PE funds. THERE ARE TWO TYPES OF PRIVATE EQUITY FIRMS: • Firms with a dedicated fund, with the majority of the capital sourced from institutional investors (i.e. pension funds, banks, endowments, etc.) and accredited investors (i.e. high net worth individual investors) • Firms that raise capital from investors on a per-deal basis (pledge funds) INVESTMENT DURATION AND RETURNS. • Typical investment period is 3−10 years, after which capital is distributed to investors • Rates of return are higher than public market returns, typically 15−30%, depending on the strategy HISTORICAL S&P 500 RETURNS S&P 500 Returns Average Source: Standard & Poor’s LCD Private equity fund structure. PRIVATE EQUITY FIRM LIMITED PARTNERS (Investors) (Public pension funds, corporate pension funds, insurance companies, high net worth individuals, family offices, endowments, banks, foundations, funds-of-funds, etc.) Management Company General Partner Fund Ownership Fund Investment Management PRIVATE EQUITY FUND (Limited Partnership) Fund’s Ownership of Portfolio Investments Etc.
    [Show full text]
  • Investor Lunch, New York – 3 March 2006
    Investor lunch, New York – 3 March 2006 1 3i team Philip Yea Simon Ball Jonathan Russell Michael Queen Jo Taylor Chris Rowlands Group Chief Executive Group Finance Director Managing Partner Managing Partner Managing Partner Head of Group Markets Buyouts Growth Capital Venture Capital Patrick Dunne Anil Ahuja Gustav Bard Graeme Sword Guy Zarzavatdjian Group Communications Managing Director, India Managing Director, Director, Oil and Gas Managing Director, Director Nordic Region France 2 Investor lunch, New York – 3 March 2006 Contents • Introduction to 3i • The private equity market • Interim results to 30 September 2005 • Investor relations • Closing remarks 3 Investor lunch, New York – 3 March 2006 Introduction to 3i 3i at a glance • A world leader in private equity and venture capital • Established 1945; IPO on London Stock Exchange 1994 (IPO at 272p) • Market capitalisation £5.0bn (as at 31 January 2006) • 3i has invested over £15bn in over 14,000 businesses • Portfolio value £4.4bn, in 1,285 businesses (as at 30 September 2005) • Network of teams located in 14 countries in Europe, Asia and the US • 3i also manages and advises third party funds totalling £1.8bn (as at 30 September 2005) • Member of the MSCI Europe, FTSE100, Eurotop 300 and DJ Stoxx indices 4 Investor lunch, New York – 3 March 2006 Introduction to 3i Our Board • Chairman Baroness Hogg • Six independent non-executive directors − Oliver Stocken (Deputy Chairman; Senior Independent Director) − Dr Peter Mihatsch − Christine Morin-Postel − Danny Rosenkranz − Sir Robert Smith
    [Show full text]
  • Corporate Venturing Report 2019
    Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr. Tobias Gutmann [email protected] https://www.corporateventuringresearch.org/ LEGAL DISCLAIMER Post-Doctoral Researcher Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship The information contained herein is for the prospects of specific companies. While HHL Leipzig Graduate School of Management, Germany general guidance on matters of interest, and every attempt has been made to ensure that intended for the personal use of the reader the information contained in this report has only. The analyses and conclusions are been obtained and arranged with due care, Christian Lindener based on publicly available information, Wayra is not responsible for any Pitchbook, CBInsights and information inaccuracies, errors or omissions contained [email protected] provided in the course of recent surveys in or relating to, this information. No Managing Director with a sample of startups and corporate information herein may be replicated Wayra Germany firms. without prior consent by Wayra. Wayra Germany GmbH (“Wayra”) accepts no Wayra Germany GmbH liability for any actions taken as response Kaufingerstraße 15 hereto.
    [Show full text]
  • Caris Life Sciences Raises $830 Million in Growth Equity Capital to Continue to Expand Its Precision Medicine Platform
    FOR IMMEDIATE RELEASE Caris Life Sciences Raises $830 Million in Growth Equity Capital to Continue to Expand its Precision Medicine Platform Accelerates Caris’ rapid growth as the market leader reshaping precision oncology through basic science research and the application of artificial intelligence to one of the largest clinico-genomic databases Capital raise represents one of the largest private financings in precision medicine supported by a diverse, high-quality syndicate of leading investors IRVING, Texas, May 11, 2021 – Caris Life Sciences®, a leading innovator in molecular science and artificial intelligence (AI) focused on fulfilling the promise of precision medicine, announced an $830 million growth equity round at a post-money valuation of $7.83 billion. With this investment, Caris has raised approximately $1.3 billion in external financing since 2018. This financing represents one of the largest capital raises in precision medicine and includes a diverse syndicate of leading investors. The round was led by Sixth Street, a leading global investment firm making its third investment in Caris since 2018. Funds and accounts advised by T. Rowe Price Associates, Inc., Silver Lake, Fidelity Management & Research Company LLC, and Coatue were significant participants in the round. Additional investors included Columbia Threadneedle Investments, Canada Pension Plan Investment Board, Millennium Management, Neuberger Berman Funds, Highland Capital Management, Rock Springs Capital, OrbiMed, ClearBridge Investments, Tudor Investment Corporation, Eaton Vance Equity (Morgan Stanley), Pura Vida Investments and First Light Asset Management. All existing investors from the 2020 financing participated in this deal along with a number of new investors. The Caris Molecular Intelligence approach allows oncologists to assess all 22,000 genes in both DNA and RNA, utilizing whole exome sequencing, whole transcriptome sequencing, protein analysis, and proprietary AI models and signatures.
    [Show full text]
  • Eurazeo Confirms Its Excellent Growth
    EURAZEO CONFIRMS ITS EXCELLENT GROWTH MOMENTUM IN THE FIRST QUARTER OF 2021: AUM +21% OVER 12 MONTHS AND REVENUES +20% EXCLUDING TRAVEL AND LEISURE Paris, May 20, 2021 Asset management momentum strengthens at end-March • Assets Under Management (AUM): €22.7bn, +21% over LTM, of which +27% for third party • Third-party fundraising: €785m at end-March and c.€1,200m YTD, versus €283m in Q1 2020 • Management fees: €59m, of which +13% for limited partners (+4% overall1 given balance sheet divestments) • The Group expects further growth in fundraising in 2021 thanks to the strong market attractiveness of its current funds, particularly for small-mid buyout, growth and private debt funds Strong growth in portfolio performance • Portfolio economic revenue2 up +20% in Q1 2021 year-on-year (+15% compared to Q1 2019), excluding the Travel & Leisure segment • 61% increase in revenues of Growth portfolio companies (non-consolidated) • Early recovery prospects in Travel & Leisure (10% of NAV) Sustained investment activity • €1.1bn invested (€0.5bn in Q1 2020), with business flows in buoyant sectors notably tech (Questel, PPRO, Message Bird), consumer tech (UPD, Aroma-Zone) and financial services (Groupe Premium) • A high level of asset divestments expected in 2021-2022, as announced Balance sheet remains robust • NAV per share of €85.5 (not revalued quarterly) • Net cash and cash equivalents of €255m at end-March – confirmed RCF of €1.5bn • Dry powder of €3.7bn Virginie Morgon, Chairwoman of the Executive Board, stated: “This first quarter of 2021 reflects Eurazeo's growth momentum in all aspects of its business. The growth in our fundraising and assets under management, but also the strong rebound in our portfolio activity, the sustained pace of our investments in growth sectors, value-creating exits and our ability to support the major shifts towards a more sustainable economy perfectly illustrate our "Power Better Growth" positioning and its attractiveness.
    [Show full text]
  • Unpacking Private Equity Characteristics and Implications by Asset Class
    Unpacking Private Equity Characteristics and Implications by Asset Class www.mccombiegroup.com | +1 (786) 664-8340 Unpacking Private Equity: Characteristics & implications by asset class The term private equity is often treated as a catchall, used interchangeably to describe a broad variety of investments. Such loose use of the phrase fails to capture the range of nuanced business ownership strategies it refers to and risks branding an entire asset class with characteristics and implications that are typically relevant to only a particular sub-category. Recently, this has especially been the case given the outsized global attention placed on the leveraged buyout deals of Bain Capital, a private equity firm founded by Republican U.S. presidential candidate Mitt Romney. In this context, popular discourse has inappropriately attached the label of private equity to a general practice of debt-fueled corporate takeovers that disproportionately focus on cost cutting. In reality, however, private equity refers to an array of investment strategies each with a unique risk-return profile and differing core skillsets for success. This article is intended to help family office executives better understand the nuances of the various sub-categories of private equity. It seeks to draw high-level distinctions, serving as a practical guide for investors entering the private equity arena, be it directly or through a more curated fund structure. Ultimately by understanding the characteristics and implications of each asset class, the reader should be equipped to make an educated choice regarding the most relevant and appropriate strategy for their unique profile. From a technical perspective, private equity is nothing more than making investments into illiquid non-publicly traded companies— i.e.
    [Show full text]
  • 20Th Annual Growth Capital Symposium June 19-20, 2001 Ann Arbor, Michigan
    20th Annual Growth Capital Symposium June 19-20, 2001 Ann Arbor, Michigan University of Michigan Business School presented by: Center for Venture Capital and Private Equity Finance (CVP) The University of Michigan Business School Dr. David J. Brophy, Director www.umich.edu/~cvpumbs sponsored by: THE 20th ANNUAL GROWTH CAPITAL SYMPOSIUM June 19-20, 2001 In the last five years the venture capital industry has experienced a true "boom-and-bust", with unprecedented growth in capital raised and invested, growth in valuations and deal- flow, mostly centered around the internet. This was followed by a sharp decline in the capital markets and the demand for technology, which was reflected in the performance of the portfolios of many venture capital investors. Beyond the current state of the market, however, there are few significant trends emerging that will mark the path for the next few years in the business. The focus of the 20th Growth Capital Symposium is to bring to the forefront views from the leaders on the investment and technology fronts who have managed to break ahead of the curve and are preparing to take advantage of the general market conditions. This is echoed in the sentiment among a growing group of investors who believe that the next few years will be in fact some of the best for venture capital investment. Tuesday, 19th June The Symposium will begin at 10:00am Tuesday morning in Hale Auditorium in the University of Michigan Business School, and will conclude at 5:30pm with a reception at the Museum of Art and a dinner at the Michigan Union.
    [Show full text]
  • 2016 ESG REPORT Being a Customer-Focused Responsible Investor
    2016 ESG REPORT Being a customer-focused responsible investor ///////////////////////////////////////////////////////// Contents 05 Editorial 07 Idinvest Partners’ ESG policy : historical perspective and 2015 developments Main action taken in 2015 08 Responsible Private Equity strategy : A strong commitment organized around four operational positions 09 Integrate ESG issues throughout the entire investment lifecycle 10 2015, a turning point on how climate issues are addressed by our public commitments 11 A team dedicated to ESG considerations 12 The main initiatives taken by Idinvest Partners and its portfolio companies in 2015 14 Summary of 2015 activities and key ESG data 16 Growth capital 22 Private debt 29 Private funds Group 38 Idinvest Partners’ corporate social responsibility (CSR) approach (RSE) of Idinvest Partners 46 Interview with Isabelle Combarel, SWEN CAPITAL PARTNERS Editorial ///////////////////////////////////////////////////////////////////////// Dear clients, partners and staff, With over €6 billion under management, Idinvest Partners is a European leader in financing small and medium-sized enterprises. The companies financed by Idinvest Partners have created more than 7,000 jobs over the past three years. Now more than ever, our commitment to these companies brings meaning and growth against a global awakening to the issues of climate change in the wake of the 2015 Climate Change Conference (COP21). As a pioneer in this area, Idinvest is delighted to see the importance given to environmental, social and governance (ESG) considerations in a growing number of financial investors. This is why, once again, we have decided to show the high standards we expect of ourselves by broadening our responsible private equity strategy. We wish to present you with this report on our actions taken in 2015 and early 2016 and progress made on our responsible investment strategy.
    [Show full text]
  • Gimv Invests EUR 3.0 Million in Polish Contact Center Operator Datacontact
    Antwerp - Warsaw / 6 October 2010 / 7:30 CET Gimv invests EUR 3.0 million in Polish contact center operator DataContact Gimv invests EUR 3.0 million (PLN 12.0 million) growth capital in DataContact, a fast-growing Polish provider of outsourced contact center services. Eric Ignoul, former CEO of leading Belgian call center IP Globalnet, will become independent industry expert on the company’s Supervisory Board. DataContact ( www.datacontact.pl ) was founded in 1995 as the first contact center operator in Poland. Between 2001 and 2010 the company was subsidiary of Axel Springer AG under the name of Axel Springer Kontakt. The group is headquartered in Warsaw and currently operates 185 workstations in two locations. It focuses on customer service, marketing and sales activities for the Polish and German markets. The group offers both inbound and outbound call services as well as non-voice services. Amongst its customers, DataContact has several long-term tier-1 clients from multiple industries, including publishing, IT, financial services and transportation. The company is led by industry veteran Jacek Barankiewicz, who holds the remaining shares in the company next to Gimv. Gimv will have two representatives (Jan Dewijngaert and Radoslav Tausinger) on the company’s Supervisory Board, next to Eric Ignoul, who will hold the position of independent industry expert. The proceeds of this financing will be used to support its further growth in the Polish market, including opening of new contact centers. The first one is to be opened in Stalowa Wola, South East Poland, in November 2010. The investment was initiated and will be managed through Gimv's Pragues presence, which is used as a hub for Gimv’s investments for the Central European market.
    [Show full text]
  • 2021 Shareholders' Meeting
    2021 Shareholders’ Meeting APRIL 28, 2021 3 OPENING OF THE SHAREHOLDERS’ MEETING Michel David-Weill Chairman of the Supervisory Board 2021 SHAREHOLDERS’ MEETING 4 LEGAL FORMALITIES Nicolas Huet General Counsel 2021 SHAREHOLDERS’ MEETING PRESENTATION BY THE 1 CHAIRMAN OF THE 2 A NEW IDENTITY SUPERVISORY BOARD FOR A NEW AMBITION Michel David-Weill Virginie Morgon, Chief Executive Officer 3 SOLID PERFORMANCE 4 AN AMBITIOUS STRATEGY: IN 2020 POWER BETTER GROWTH Philippe Audoin, Virginie Morgon, Chief Financial Officer Chief Executive Officer Agenda PRESENTATION OF THE PRESENTATION 6 WORK OF THE CAG FOR THE 5 OF THE SUPERVISORY COMMITTEE BOARD’S WORK Georges Pauget, Chairman of the SHAREHOLDERS’ Nicolas Huet, Compensation, Appointment MEETING General Secretary and Governance Committee PRESENTATION 8 SHAREHOLDERS’ 7 OF THE STATUTORY QUESTIONS AUDITORS’ REPORTS Isabelle Massa Mazars, for the joint auditors PRESENTATION 9 OF THE RESOLUTIONS Nicolas Huet, General Secretary 2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 PRESENTATION BY THE 1 CHAIRMAN OF THE SUPERVISORY BOARD Michel David-Weill 2021 SHAREHOLDERS’ MEETING 9 2 A NEW IDENTITY FOR A NEW AMBITION Virginie Morgon Chief Executive Officer 2021 SHAREHOLDERS’ MEETING A NEW BRAND IDENTITY 10 TO BUILD EURAZEO’S POSITIONING FOR 2030 ? 2001PASSIVE HOLDING 2011FRENCH INVESTMENT 2021EUROPEAN ASSET COMPANY FIRM MANAGER with a minority exposure focused on listed with a diversified mix to listed and unlisted French and unlisted large-cap of investments, backed assets companies
    [Show full text]
  • Eurazeo Capital
    2002-2017: BUILDING TODAY’S EURAZEO 2018 & BEYOND: A VALUE-ADDED TRANSATLANTIC PE PLAYER 2017 FINANCIAL RESULTS AND NEW METRICS PERFORMANCE DRIVEN ACROSS ALL INVESTMENT DIVISIONS 2002-2017: BUILDING TODAY’S EURAZEO Full Year 2017 Results 4 Delivering rapid growth on every front # OF INVESTMENT DIVISIONS MORE PORTFOLIO COMPANIES 5 40 3x 1 14 2002 2017* 2002 2017* Expanding the investment scope through 5 distinct investment divisions Diversifying the portfolio GROWING WORLDWIDE OUR PEOPLE AT THE HEART OF OUR SUCCESS 5 # offices # employees 117 3x 1 41 2002 2017* 2002 2017* An international exposure with 5 offices to seize local investment opportunities and support build-ups abroad for our portfolio companies Attracting talents from 11 nationalities (*) Excluding Idinvest and Rhône Full Year 2017 Results 5 A talented team driving our success Diversity International staff A gender-balanced team 11 nationalities and culture Management Experienced team Built a strong and unique with an average tenure corporate team of 6 years Average age c.40 years old Full Year 2017 Results 6 An active approach portfolio management, no sleeping assets 2002 – 2018YTD INVESTMENTS €9.7bn 62 invested in companies 2002 – 2018YTD PROCEEDS * 29 €10.3bn exits proceeds (*) Including the sale of the entire stake in Accor SA in March 2018 Full Year 2017 Results 7 A fourfold return to Eurazeo shareholders Return to shareholders Total Shareholder Value 8,265 In €m 4.3x 2,697 2,697 Distribution to shareholders Eurazeo’s average CoC 3,643 c.2x 1,925 5,568 Market cap** (on disposals realized since 2002) June 30, 2002 Increase in market cap Shareholders’ Dec.
    [Show full text]