Oakley Capital Invests in Steer Automotive Group

January 16, 2024

Oakley Capital has reached a conditional agreement to invest in Steer Automotive Group, acquiring the shares held by Keyhaven Capital Partners and Chiltern Capital while founder Richard Steer and the management team reinvest. Steer is the UK's largest independent collision repair group with over 100 repair centres, ~2,300 employees and strong relationships with insurers and OEMs; Oakley said the investment will support further growth, facility and capability investment (including EV repair) and training.

Buyers
Oakley Capital
Targets
Steer Automotive Group
Sellers
Keyhaven Capital Partners, Chiltern Capital
Industry
Automotive
Location
England, United Kingdom
Transaction Type
Buyout

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