Oakley Capital Investments (LSE:OCI) said its Fund VI will indirectly contribute up to c.£33 million to Oakley Capital's agreement to acquire a majority stake in XTEL.
XTEL is a provider of revenue management and trade promotion software for consumer packaged goods companies, serving more than 400 global mega-brands including Unilever, PepsiCo and Johnson & Johnson and supporting over €350 billion in annual trade spend.
"We believe the Company is well-positioned to harness AI to enhance its product offering and further strengthen its market position," Peter Dubens said.
Oakley said XTEL operates in an $11 billion CPG software market and has delivered strong profitable growth, including ARR growth of c.40% CAGR over the last three years, and that it will back international expansion into Latin America and Asia-Pacific, inorganic growth, and further investment in XTEL's AI tech stack, sales capabilities and go-to-market strategy.
