Investment Summary

Chiltern Capital and Keyhaven Capital Partners Exits Steer Automotive Group

On January 16, 2024, private equity firm Oakley Capital invested in automotive company Steer Automotive Group from Chiltern Capital and Keyhaven Capital Partners

Investment Highlights
  • This is Oakley Capital’s 1st transaction in the Automotive sector.
  • This is Oakley Capital’s 14th transaction in the United Kingdom.

Investment Summary

Date 2024-01-16
Target Steer Automotive Group
Sector Automotive
Investor(s) Oakley Capital
Sellers(s) Chiltern Capital
Keyhaven Capital Partners
Deal Type Secondary Buyout

Target

Steer Automotive Group

Aylesbury, United Kingdom
Steer Automotive Group is a network of B2B specialist vehicle repair centres in the UK. The business repairs over 12,000 cars per year for its insurance, accident management and dealership clients and has approvals with major brands including Porsche, JLR, Ford and Nissan. Steer Automotive Group was founded in 2003 and is based in Aylesbury, United Kingdom. ,

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Investor(S) 1

Investor

Oakley Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Oakley Capital is a mid-market, generalist private equity firm focused on investing in opportunities across Europe. Oakley targets a variety of investment situations, including traditional buyouts, take privates, growth capital financings, secondary buyouts, and turnarounds. Oakley prefers controlling situations and seeks businesses valued between €100 million and €1 billion. Oakley Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 52 of 56
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 9
Country: United Kingdom M&A 14 of 15
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Alerce

Zaragoza, Spain

Alerce is a Spanish provider of transport and logistics software solutions. Alerce was founded in 1989 and is based in Zaragoza, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 Kat Maconie

London, United Kingdom

Kat Maconie is a designer of footwear for women. Kat Maconie is based in London, United Kingdom.

Sell -

Seller(S) 2

DESCRIPTION

Chiltern Capital is a private equity firm focused on investing and acquiring established and profitable small to middle-market UK-based companies. Chiltern seeks to invest £2 to £10 million per transaction and will consider opportunities in the business services, education, engineering, manufacturing, financial services, IT services, software, and technology sectors. Chiltern Capital was formed in 2015 and is based in London.


DEAL STATS #
Overall 3 of 3
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Batt Cables

Kent, United Kingdom

Batt Cables is a specialist and distribution of electrical cables, with facilities in the mainland Europe, USA and Asia. It holds a wide range of over 8,000 different products in stock, serving industries including infrastructure, construction, renewables, offshore, telecommunication and transport. Batt Cables was founded in 1952 and is based in Kent, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 Rapid Repair Network

Southampton, United Kingdom

Rapid Repair Network is a provider of same-day accident repairs. The Business has successfully grown its customer base and service capabilities and, upon investment, was delivering more than 10,000 same-day repairs per year to accident management companies, fleets and insurers Rapid Repair Network was founded in 2018 and is based in Southampton, United Kingdom. , .

Buy -
SELLER

Keyhaven Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Keyhaven Capital Partners is a private equity firm focused on small cap company acquisitions in Europe. The Firm does not have any sector preferences and generally targets companies valued less then €100 million. Keyhaven Capital Partners was formed in 2003 and is based in London.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Phrasee

London, United Kingdom

Phrasee is an AI-powered SaaS platform that revolutionizes customer communication through brand language optimization. The company is disrupting the traditional role of the human copywriter/marketer using data science and a powerful proprietary natural language generation engine to generate, automate and optimize marketing language in real-time with superior performance. Phrasee’s platform optimizes e-mail, SMS, web, and social media campaigns, by providing AI-generated optimized and brand-safe language to clients, driving higher open and click-through rates, and sales. its clients are typically large, well-known enterprises across multiple business sectors in the United States of America and Europe. Phrasee was founded in 2015 and is based in London, United Kingdom.

Buy -