Oakley Capital V managed by Oakley Capital Investments Limited (LSE:OCI) entered into a conditional agreement to acquire Steer Automotive Group Limited from Keyhaven Capital Partners Ltd and Chiltern Capital LLP for £90 million on December 31, 2023. The closing expected to take place in the second quarter of 2024. Jon Kenworthy of DLA Piper acted as legal advisor to Steer Automotive Group on its conditional sale to Oakley Capital.

Richard Madden of DC Advisory acted as exclusive financial advisor to Steer?s shareholders on the transaction. Keyhaven and Chiltern were advised by DC Advisory, OC&C, AJ Gallaghers. DLA Piper,HCR Law, and Macfarlanes as legal advisor to Keyhaven and Chiltern.

Oakley was advised by Houlihan Lokey as Financial advisor, Simpson, Thacher & Bartlett and Paul, Weiss, Rifkind, Wharton & Garrison as legal advisor, LEK, KPMG and Ramboll. Pwc acted as Accountant to Keyhaven and Chiltern and KPMG as Accountant to Oakley Capital.