Announced
Financials
Tags
consumer technology
Friendly
Private
Majority
gift cards
Acquisition
Germany
Digital Services
Pending
Private Equity
Single Bidder
Synopsis
Private equity firm Oakley Capital agreed to acquire a majority stake in Seven Miles, a consumer technology company in multi-brand gift cards, for $205m. "We are delighted to be partnering with Tom and Valentin. Seven Miles exhibits many of the characteristics Oakley looks for in a deal - a founder-led, high growth business with a leading position in its niche market, and we look forward to the opportunity we have to build and develop the digital platform together," Peter Dubens, Oakley Capital Managing Partner.
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