Oakley Capital Private Equity has raised financing to acquire PARSHIP

Oakley Capital has acquired PARSHIP GmbH, one of Europe’s leading online dating platforms, from the publishing group Georg von Holtzbrinck. Funds advised by Permira Debt Managers will provide the acquisition financing and an additional acquisition facility.

PARSHIP GmbH (“PARSHIP”) is a leading online dating platform in Europe. PARSHIP was founded in 2001 by the publishing group Georg von Holtzbrinck and is a pioneer in the online dating industry in Europe with strong market positions in Germany, Austria and Switzerland. In 2014, PARSHIP achieved a growth rate of 35 percent and generated turnover of over Euro 60 million. Based in Hamburg, PARSHIP offers its service on PARSHIP.com in 13 countries. Across Europe, PARSHIP has more than 50 cooperation partners.

Oakley Capital Private Equity is an unlisted mid-market private equity business with the aim of providing investors with significant long-term capital appreciation. Oakley Capital Private Equity currently comprises two funds (the “Funds”). The Funds’ investment strategy is to focus on buyout opportunities in industries with the potential for growth, consolidation and performance improvement. The Funds seek to invest in companies with scale in their industry subsectors, thereby creating a sustainable earnings stream which should command a premium on exit. The Funds are advised by Oakley Capital Limited, a privately owned asset management and financial advisory business with over USD 1 billion of assets under management.

Lincoln International acted as exclusive financial advisor to Oakley Capital Private Equity on the acquisition financing of PARSHIP.

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