26th Jun 2015 08:00
LONDON (Alliance News) - Oakley Capital Investments Ltd on Friday said its Oakley Capital Private Equity LP fund has agreed a deal to sell German online price comparison site Verivox to German media company ProSiebenSat.1.
ProSiebenSat.1 will pay an initial EUR200 million to acquire the business, with a further USD50 million due based on Verivox's financial performance in the year to the end of December.
Oakley Capital Investments will retain a minority stake in Verivox through its commitment to the Oakley Capital Private Equity II fund.
Shares in Oakley Capital were up 1.6% to 162.95 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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