Oakley Capital invests in insurance agent Konzept & Marketing

(Alliance News) - Oakley Capital Investments Ltd on Wednesday said it has taken part in the ...

Alliance News 20 November, 2024 | 11:20AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Oakley Capital Investments Ltd on Wednesday said it has taken part in the acquisition of Konzept & Marketing GmbH by Oakley Capital Fund V.

Oakley Capital provides access to the private equity investments of manager Oakley Capital.

Konzept & Marketing is an independent managing general agent in the German personal, non-life insurance market based in Hanover, Germany.

Oakley Capital expects to make an about GBP14 million indirect contribution to Fund V, which relates to its share of the investment in Konzept & Marketing.

Oakley Capital's Co-Founder & Managing Partner Peter Dubens commented: "Germany's insurance landscape is undergoing significant change, providing advantages for innovative businesses such as K&M to take on more of the insurance value chain while delivering a better service to end customers."

Oakley Capital will invest alongside former chief executive officer of Allianz Commercial, Joachim Muller, who will take on the role of chairman.

Muller added: "By partnering with Oakley we can take advantage of their considerable expertise scaling businesses. We see enormous opportunity to create a leading player in Germany's insurance ecosystem by leveraging excellence in underwriting and distribution combined with modern technology."

Oakley Capital shares were down 0.1% at 496.49 pence in London on Wednesday morning.

By Lydia Doye, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Oakley Capital Investments Ord 479.43 GBX -0.12

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures