Oakley Capital acquires Holtzbrinck’s Parship

The purchase is being financed with equity from Oakley Capital's second fund, a vendor loan and third-party debt. Parship's senior management team is also taking a stake in the company.

Oakley Capital raised more than €310m towards its second fund in November 2013.

Venture capital's love affair with online dating was explored by unquote" last year, highlighting a growing market that has yet to reach its full potential.

Company
Launched on Valentine's Day 2001, Parship operates in Germany, Switzerland and Austria, as well as 10 other European countries. It generated revenues of €60m and EBITDA of €8m for 2014, which marks a 35% increase on the previous year, according to the company. It expects EBITDA for the year ending 30 April 2015 to reach €12m.

People
Mark Joseph is investment advisor to Oakley Capital Private Equity II. Tim Schiffers, Henning Rönneberg and Marc Schachtel are managing directors at Parship.

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