GERMANY - Oakley Capital Private Equity acquires Verivox

Oakley acquired 49% of Verivox from Independent News and Media plc for EUR 16m, and a further 2% from the company's founders.

The company was acquired with no material net debt after the repayment of a EUR 2.3m shareholder loan to Independent News and Media from available cash resources, according to the company.

Verivox had previously been backed by private equity firm 3i, which invested DM 4m in 2000.

The company, founded in 1998, runs web-based consumer price comparison sites for energy and telecommunications services. The company's forecast 2009 EBITDA is more than EUR 10m.

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