A team from the business-advisory partnership Heuking Kühn Lüer Wojtek, headed by Dr Pär Johansson, has advised Oakley Capital Private Equity II concerning the acquisition of the Hamburg-based online dating agency Elitemedianet GmbH. Completion of the transaction is still conditional on approval by the cartel authorities.
Elitepartner was formed in 2004 and is one of Europe’s best known brands in the matchmaking industry. The company has approximately 95 employees and operates in several other countries in addition to Germany, in particular Austria and Switzerland.
Oakley Capital Private Equity II is an unlisted mid-market private equity fund. Oakley Capital’s investment strategy is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement. Heuking Kühn Lüer Wojtek advised Oakley Capital on a regular basis. The Cologne-based team specialising in private equity transactions most recently advised Oakley Capital concerning the acquisition of PARSHIP and (together with Bellaxa AG) concerning the sale of the shareholding in the intergenia Group to HEG Co. Ltd. (Host Europe), which is part of the Cinven portfolio.
Advisers to Oakley Capital Private Equity II
Heuking Kühn Lüer Wojtek:
Dr Pär Johansson,
Tim Remmel, LL.M. (both in a lead-management role),
Kristina Schneider, LL.M.,
Dr Christian Gross-Bölting (all M&A);
Dr Verena Hoene, LL.M.,
Kai Oliver Runkel (both IP/IT),
Dr Sascha Schewiola (employment law) all Cologne