Oakley Capital agrees follow-on investment in Facile
Oakley Capital (“Oakley”) is pleased to announce that Oakley Capital Fund V (“Fund V”) is investing in Facile.it (“Facile”), Italy’s largest online price comparison platform.
Following the sale of Oakley Capital Fund III’s (“Fund III”) investment in Facile, Fund V will acquire a minority stake in the business alongside Silver Lake. Founded in 2008 and headquartered in Milan, Italy, Facile first pioneered online motor insurance brokerage, for which it is the clear market leader in Italy today. Over time, Facile successfully diversified its offering by adding new product lines including gas & power, broadband, mortgages, consumer loans and, more recently, a new car sales marketplace platform.
Founded in 2008 and headquartered in Milan, Italy, Facile first pioneered online motor insurance brokerage, for which it is the clear market leader in Italy today.
The fresh investment from Fund V and Silver Lake will reinforce Facile’s position as the clear leader in the Italian Online Price Comparison market, whilst continuing to invest in and broaden Facile’s product range. This will help to accelerate the company’s strong growth trajectory across its core verticals, its recently launched growth verticals as well as future potential new product launches to strengthen the value proposition to both Italian consumers and partners.
In partnership with Silver Lake, Oakley will leverage its successful track record in the digital consumer space to support Facile’s management team and fulfil its strong growth potential.
The transaction is subject to regulatory approval.