27 April 2016

Oakley Capital wins Real Deals award for DACH deal of the year

Oakley Capital wins Real Deals award for DACH deal of the year

Oakley Capital Private Equity has been awarded deal of the year by Real Deals

Oakley Capital Private Equity has been awarded deal of the year by Real Deals, for its exit of German online price comparison business Verivox for a consideration of €200 million. The judges considered all deals involving a target company headquartered in Germany, Switzerland or Austria which was exited in 2015, and took into account the financial return, alongside the contribution of the private equity house to the growth of the company and the wider impact of the success story for the asset class and for the broader economy.

Verivox generated a 14.5x money multiple and 71% IRR, and under Oakley’s ownership underwent a significant transformation. It not only consolidated its position as Germany’s largest independent consumer price-comparison portal for energy, but also launched new price-comparison product verticals including car and other insurance, loans and mortgages, diversifying its revenue stream. In addition, Verivox introduced offline advertising, significantly increasing brand awareness and professionalised its management structure, reporting and corporate governance.