Permira Debt Managers, the debt management and advisory arm of Permira and one of Europe's leading specialist debt investors, today announces that direct lending fund Permira Credit Solutions II will act as sole lender in the financing of the acquisition of German online dating company PARSHIP by Oakley Capital.
The acquisition of PARSHIP by Oakley Capital is supported by a long-term investment loan provided and arranged by Permira Credit Solutions II which acted as the sole lender. In addition an acquisition facility is available to support potential add-on acquisitions.
Founded in 2001 and headquartered in Hamburg, PARSHIP is one of Europe's original online dating businesses with leading market positions in Germany, Switzerland and Austria. Its website PARSHIP.com is currently available in 13 countries and the company has over 50 cooperation partners in Europe. In 2014, PARSHIP grew its turnover by 35% to €60m.