Oakley to step up deal-making in Germany

The firm has hired Ralf Schremper from media group ProSiebenSat.1 to spearhead its efforts.

Oakley Capital has hired Ralf Schremper as a partner from German media conglomorate ProSiebenSat.1 to bolster its deal origination efforts in Germany, Austria and Switzerland, a spokesperson for the firm told Private Equity International.

Schremper will join the UK mid-market firm later this year and will be based in its London office.

As head of the company’s mergers and acquisitions department, Schremper led strategic acquisitions for the German business. Oakley has sold two companies to ProSiebenSat.1 in the last two years years. In early 2015 it sold Verivox for €200 million, generating a 14.5x return and a 71 percent internal rate of return, and last year it sold online dating service Parship Elite Group to the German company for €300 million, generating a 3.6x return. The firm retains minority holdings in both companies.

“We are delighted to welcome Ralf to the Oakley team. His extensive knowledge about investing in the German market and experience in digital media, e-commerce and education sectors will help to strengthen Oakley’s successful track record in the DACH region and access new and exciting pipeline deals. We look forward to continuing to work with ProSiebenSat.1 and building on the strong relationship we have formed with their team,” Peter Dubens, managing partner at Oakley Capital said.

In December the London-based firm raised €686 million for Oakley Capital Private Equity III, which was seeded with a €250 million commitment from Oakley Capital Investments Limited, Oakley’s Bermuda-based and AIM-listed vehicle.