Enterprise value
£15.5m
in 2013 (increased from £4.0m)
Generating
2.7x
return
Generating
28%
IRR
Headland Media provides commercially licensed news, music, TV and move entertainment content for a wide rang of industries, including maritime, retail and hotels through multiple proprietary distribution channels.
Oakley acquired Headland Media from BSkyB in January 2008 at an enterprise value of £4.0m.
During our ownership, we provided additional funding to enable the business to consolidate its market leading position through four bolt-on acquisitions and rationalised the cost base by consolidating Headland’s multi-site operations.
In May 2013, we sold the business to KVH Industries Inc. at an enterprise value of £15.5m, generating a 2.7x return and 28% IRR.
Our origination network helps us source investments others cannot. Often, we are the first institutional investor in our portfolio companies.
