Oakley hires former Cinven partner as fund close looms

The appointment of Rebecca Gibson comes as Oakley nears €500m for its Fund II.

Oakley Capital Private Equity, the fund advised by AIM-listed Oakley Capital Investments, has expanded its team with the appointment of Rebecca Gibson, a former partner at Cinven.

Gibson joins Oakley as a partner and will work alongside existing partners David Till, Mark Joseph and Alex Collins across all sectors. Since leaving Cinven last summer, she has been advising several growth companies including student housing business Student Cribs, luxury beachwear business Orlebar Brown and Atterley Road, a women’s online fashion startup, according to a statement.  

At Cinven, where she worked for 11 years, Gibson sourced deals, led transaction teams and managed deal teams across Europe within the healthcare, retail, leisure communications and services sectors. She also worked alongside Cinven’s investor relations team. Prior to Cinven, Gibson worked at Bain & Company.

“As we begin to deploy our second fund, which at €500 million is almost double the size of our first fund, we need additional resources and expertise to identify opportunities and deal execution capabilities to drive our investment program,” Peter Dubens, managing partner at Oakley, said in the statement.

Oakley’s OCPE II Master fund had collected approximately €305 million as of last November, having held an earlier close on €192 million in October, according to a source familiar with the matter, who added that the fund is expected to hold a final close soon.

Oakley declined to comment on fundraising.

The firm has already put some of the capital from this vehicle to work. Earlier this month, it acquired a majority stake in Connecticut-based marine technology company North Technology Group.

Oakley typically invests in companies with enterprise values of between €40 million and €150 million, and writes equity cheques of between €20 million and €60 million, according to its website.