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Insurance

PE Biz Sells Stake In Insurance Comparison Site For £ 53M

By Martin Croucher (June 23, 2022, 4:15 PM BST) – Private equity firm Oakley Capital Investments said Thursday that it has sold its stake in Italian price comparison site Facile.it for £ 53 million ($ 65 million).

Oakley, which had an unspecified minority shareholding in the business, said it had sold its shareholding to California-based technology investment company Silver Lake.

Swedish investment firm EQT also said it had sold its majority stake in Milan-based Facile.it, and that the transaction would complete in the third quarter of the year. EQT did not say how much it would earn from the sale.

Silver Lake said the deal, for an undisclosed amount, meant that Facile.it …

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