Oakley Capital Investments : Acquisition of Globe-Trotter

4 March 2020

Oakley Capital Investments Limited

Acquisition of Globe-Trotter, the British luxury luggage brand

· Transaction: Oakley Fund III has agreed to acquire a majority stake in Globe-Trotter

· Investment: OCI's indirect contribution through its interest in Fund III will be approximately £10.6 million

Oakley Capital Investments Limited¹(the 'Company' or 'OCI') is pleased to announce that Oakley Capital Private Equity III ('Fund III')²has agreed to acquire a majority stake in Globe-Trotter Group Limited ('Globe-Trotter'), the British luxury luggage brand, from entrepreneur Toshiyasu Takubo. Mr Takubo, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company.

Founded in 1897, Globe-Trotter is a British luxury luggage brand. Its world-renowned suitcases are known for their distinguished design and construction, with products that are handcrafted in the UK by skilled artisans using original manufacturing methods and machinery. Globe-Trotter luggage has built a loyal customer base that includes a number of prominent and influential individuals, while the business has also collaborated with numerous premium brands including Hermès, Tiffany, Gucci, Berluti and Aston Martin.

Through its investment, Oakley intends to strengthen Globe-Trotter's positioning in the growing luxury travel luggage market, with continued online and offline expansion, product innovation leadership and operational excellence. The investment builds on Oakley's experience with consumer brands and follows Fund III's recent investment in iconic homeware brand Alessi. Both companies are expected to benefit from the Oakley team's expertise and operational experience in branding and digital marketing, built through its successful track record in investments such as Parship Elite and Facile.it.

OCI's indirect contribution through its interest in Fund III will be approximately £10.6 million.

Peter Dubens, Managing Partner of Oakley Capital, commented:

'Globe-Trotter is an iconic British brand and we are delighted to invest in a company with such unique heritage. Oakley believes the brand is well positioned to become a truly global player in the luxury luggage market and is looking forward to partnering with the team at this exciting stage.'

Toshiyasu Takubo, CEO of Globe-Trotter, commented:

'Having owned and developed Globe-Trotter for over 20 years, I am very happy to have found an experienced and supportive partner in Oakley to help accelerate the growth of the brand in the coming years. I look forward to being part of that journey alongside them.'

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For further information please contact:

Oakley Capital Limited

+44 20 7766 6900

Steven Tredget, Investor Relations

Greenbrook Communications Limited

+44 20 7952 2000

Alex Jones / Gina Bell / James Williams

Liberum Capital Limited (Financial Adviser & Broker)

+44 20 3100 2000

Gillian Martin / Owen Matthews

Notes:

LEI Number: 213800KW6MZUK12CQ815

¹ About Oakley Capital Investments Limited ('OCI')

OCI is a Specialist Fund Segment ('SFS')traded investment vehicle, which provides access to the Oakley Funds². It is a liquid vehicle that aims to provide capital growth and dividends to investors.

² The Oakley Funds

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II, Oakley Capital Private Equity III and Oakley Capital IV, are unlisted mid-market private equity funds with the aim of providing investors with significant long-term capital appreciation. The investment strategy of the funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.

The Investment Adviser

Founded in 2002, Oakley Capital Limited has demonstrated the repeated ability to source attractive growth assets at attractive prices. To do this it relies on its sector and regional expertise, its ability to tackle transaction complexity and its deal generating entrepreneur network.

Important information

Specialist Fund Segment securities are not admitted to the Official List of the Financial Conduct Authority. Therefore the Company has not been required to satisfy the eligibility criteria for admission to listing on the Official List and is not required to comply with the Financial Conduct Authority's Listing Rules. The London Stock Exchange has not examined or approved the contents of the Prospectus.

The Specialist Fund Segment is intended for institutional, professional, professionally advised and knowledgeable investors who understand, or who have been advised of, the potential risk from investing in companies admitted to the Specialist Fund Segment.