Acquisition of 7NXT

01 October 2020 - 09:00
RNS Number : 6906A
Oakley Capital Investments Limited
01 October 2020

01 October 2020

Oakley Capital Investments Limited


Acquisition of 7NXT, the German leader in online fitness and nutrition


Transaction: The Origin Fund has agreed to acquire a majority stake in 7NXT

Investment: The total equity investment from the Fund will be €42.6 million


Oakley Capital Investments Limited1(the "Company" or "OCI") is pleased to announce that Oakley Capital Origin Fund ("Origin")2 has acquired a majority stake in 7NXT GmbH ("7NXT" or the "Group"), the leading online fitness and nutrition platform in the German speaking region, from founder and CEO Markan Karajica and Crosslantic Capital. Mr Karajica will continue in his role as CEO and will retain a significant minority stake in the business.


7NXT comprises three businesses: Gymondo, the leading female-focused online fitness subscription platform; Shape Republic, a direct-to-consumer fitness nutrition and supplements brand; and Brand Solutions, 7NXT's complementary merchandising and licensing division. Gymondo accounts for the majority of the Group's revenues, offering subscription-based access to high-quality workout videos, customised fitness programs and personalised nutrition plans. Since launching in 2013, Gymondo has seen over 2 million accounts registered.

Through its investment, Oakley will partner with Mr Karajica and the management team to scale 7NXT in the rapidly growing online fitness and health market and accelerate both its domestic and international growth. Oakley will support the management team through its network, operational experience and expertise in the consumer technology sector, established through its track record of successful investments in market leading platforms, such as Parship Elite, and Wishcard Technologies Group (formerly Seven Miles).

Oakley originated the deal through a strong relationship with the founder Markan Karajica. The investment demonstrates Oakley's ability to leverage its wider network and its reputation as an attractive business partner for entrepreneurs.

The Origin Fund, to which OCI made an initial commitment in July 2020, has invested €42.6 million to acquire 7NXT.

Peter Dubens, Managing Partner of Oakley Capital, commented:

"7NXT is a leader in the high-growth digital fitness and nutrition market, with an excellent leadership team, driven to fulfil their mission of empowering people to live healthy and positive lifestyles. As a founder-led, tech-enabled business, 7NXT demonstrates many of the traits that Oakley targets in an investment and we believe that it is well placed to build on its position as the German market leader. We are looking forward to partnering with Markan and the team at this exciting stage."

Markan Karajica, CEO of 7NXT Group, commented:

"We are thrilled to have found an experienced and dynamic partner in Oakley, with a shared vision to accelerate the growth of the company in the coming years, both in Germany and internationally. My team and I look forward to taking 7NXT to the next level with Oakley's support."


- ends -


For further information please contact:


Oakley Capital Limited

+44 20 7766 6900

Steven Tredget, Investor Relations


Greenbrook Communications Limited

+44 20 7952 2000

Alex Jones / Gina Bell / James Williams




Liberum Capital Limited (Financial Adviser & Broker)

+44 20 3100 2000

Gillian Martin / Owen Matthews



This announcement contains inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014

LEI Number: 213800KW6MZUK12CQ815

About Oakley Capital Investments Limited ("OCI")

OCI is a Specialist Fund Segment ("SFS") traded investment vehicle that aims to provide shareholders with consistent long-term capital growth in excess of the FTSE All-Share Index by providing liquid access to private equity returns through investment in the Oakley Funds2.

A video introduction to OCI is available at

2Oakley Capital, the Investment Adviser

Founded in 2002, Oakley Capital Limited has demonstrated the repeated ability to source attractive growth assets at attractive prices. To do this it relies on its sector and regional expertise, its ability to tackle transaction complexity and its deal generating entrepreneur network.

The Oakley Funds

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II, Oakley Capital Private Equity III, Oakley Capital IV and Oakley Capital Origin Fund are unlisted lower-mid to mid-market private equity funds that aim to provide investors with significant long-term capital appreciation. The investment strategy of the Funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.

Important information

Specialist Fund Segment securities are not admitted to the Official List of the Financial Conduct Authority. Therefore, the Company has not been required to satisfy the eligibility criteria for admission to listing on the Official List and is not required to comply with the Financial Conduct Authority's Listing Rules.

The Specialist Fund Segment is intended for institutional, professional, professionally advised and knowledgeable investors who understand, or who have been advised of, the potential risk from investing in companies admitted to the Specialist Fund Segment.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Provided by: RNS
Oakley Capital Investments Limited
Oakley Capital Investments Limited provides its shareholders with access to a portfolio of high quality private equity investments through its investments in the Oakley Capital Private Equity funds...
Learn more about company

We use cookies to make your experience using IPOhub better. By using our site you agree to our use of cookies. Learn More