- Mid-market private equity investor Oakley Capital Investments Limited said it had completed an investment in iconic homeware brand Alessi via a contribution of approximately £6m through its Oakley Capital Private Equity III fund.

Oakley's strategy would focus on further strengthening and expanding the proposition of the brand, which prior to the investment had been fully owned by the founding family, by targeting new audiences and optimising the portfolio's mix of products, pricing and distribution.

'We are delighted to become an investor in such a globally renowned brand. Alessi's unique approach to design and product innovation makes it a highly attractive investment opportunity for Oakley,' said Peter Dubens, managing partner of Oakley Capital.

Oakley Capital said that Alessi was the tenth and final platform investment in its Fund III.

At 8:33am: [LON:OCI] Oakley Capital Investments Ltd share price was 0p at 231.5p

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