Oakley Capital Private Equity has agreed to sell Germany-based IT company Damovo to investment firm Eli Global in a deal giving the business an enterprise value of up to €140m.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn