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Oakley has advised the shareholders of the German price comparison business Verivox GmbH on its sale to ProSiebenSat.1 Media AG
Completed Transactions - Verivox Logo
Transaction Type:
August 2015
Deal Value:

Oakley Capital Corporate Finance (“Oakley”), the independent corporate finance firm offering expert specialist advice across the TMT sector, has advised the shareholders of the German price comparison business Verivox GmbH (“Verivox” or the “Company”) on its sale to ProSiebenSat.1 Media AG (“ProSiebenSat.1”) for an enterprise value of €200m, rising to €250m dependent on Verivox’s financial performance in the year to 31 December 2015. ProSiebenSat.1’s holding in Verivox will be 80% following completion of the transaction, with the principal existing shareholders retaining a minority interest.

The Oakley team, which was led by Daniel Havercroft, Managing Director, and assisted by Marc Jones, Senior Associate, was closely involved in the deal process from the outset.

Verivox was founded in Heidelberg in 1998 and is Germany’s largest independent consumer portal for energy. In addition, Verivox offers online comparisons for telecommunication, insurance and finance products as well as a search engine for commission-free real estate properties and pre-owned automobiles. Verivox has successfully helped more than 7.5 million households switch their utility providers with consumer savings in excess of €1 billion.

Completion of the transaction is conditional on, inter alia, approval from the German Federal Cartel Office.

Daniel Havercroft commented:

“Verivox has achieved impressive growth over the last few years and it is particularly pleasing to have helped find a supportive new owner for the Company in ProSiebenSat.1.
“Oakley ran a competitive sale process for the Company and advised its shareholders on all aspects of the transaction, including their reinvestment of up to 20% of their proceeds into the acquiring entity. We wish Verivox’s Management team and ProSiebenSat.1 continued success in the future.”

Oakley has been extremely active in the first half of 2015, advising on nine deals including acting as Rule 3 Adviser to Telecity on the recommended cash and share offer from Equinix, the Class 1 acquisition of Teltronic by Sepura, and the IPO of Zegona.

Since its establishment in late 2007, Oakley has announced over 60 transactions with a total enterprise value of more than £9 billion.

For more information, please contact:
Daniel Havercroft, Managing Director
Marc Jones, Senior Associate
Hannah Dodds
020 7766 6908

*Completed by Oakley Capital Corporate Finance

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