Oakley Capital sells majority of Parship Elite to ProSiebenSat.1

Peter Dubens, the publicity-shy entrepreneur who floated Time Out magazine, has generated a €129m (£108m) windfall for his listed private equity firm Oakley Capital, after it sold an online dating website to a German broadcaster.

Parship Elite, Germany’s biggest matchmaking website, was valued at around €300m (£251m) in the sale to German TV and radio group ProSiebenSat.1. The website, which recently bought rival Elite Partner, was set up in 2004 to appeal mainly to wealthier and career-focused single people.

For the full story read the Telegraph