OCPE II Master L.P. (“Fund II”) is pleased to announce the acquisition of a majority stake in Facile.it S.p.A. (“Facile”), Italy’s largest car insurance broker and price comparison website.
Fund II will invest alongside Facile’s founders who will re-invest part of their proceeds.
Founded in 2008, Facile has built a leading market position in the fast growing Italian online price comparison market. Originally established to provide consumers with access to the best car insurance premiums, Facile has subsequently built a diversified range of products to broaden its revenue base including gas and electricity, broadband internet services, bank accounts and mobile phones. It now helps 1.5 million Italians a month compare prices on key elements of their household expenditure.
