Oakley Capital acquires a majority stake in ON Health Care through Tiger HoldCo
Posté le 21 oct. 2025
Oakley Capital Fund V, a fund managed by Oakley Capital — one of the leading pan-European mid-market private equity firms — has invested in ON Health Care S.p.A., a company operating in the health insurance services sector in Italy, acquiring a majority stake.
The investment was made through Oakley’s insurance services platform, Tiger HoldCo, launched last September, marking its first acquisition.
Founder and CEO Filippo Ceppellini, who will continue to lead the company along with his management team, reinvested in ON alongside Oakley.
Gatti Pavesi Bianchi Ludovici advised Oakley Capital with a team led by equity partner Gianni Martoglia, alongside partner Silvia Palazzetti, senior associate Daniele Bartoli and junior associate Costanza Ettorre. Insurance compliance matters were handled by partner Alessandro Cipriani with senior associate Ilaria Cera.
PedersoliGattai advised Oakley Capital on the financing aspects of the transaction with a team coordinated by partner Lorenzo Vernetti, and composed of senior counsel Federico Tropeano and associates Piero Piccolo and Giuseppina Manusia.
Nunziante Magrone advised ON and Filippo Ceppellini with equity partners Ruben Pescara and Gianmarco Mileni, together with counsel Federico Gioffré. Administrative matters were handled by equity partner Simone Gambuto, while employment aspects were followed by equity partner Giuseppe Cucurachi.
Marco Rigamonti of Studio Rigamonti advised ON and Filippo Ceppellini on tax aspects, while Federica Rambaldi of RBT Legal advised ON on insurance compliance matters.
Hogan Lovells advised the lenders with a team led by partner Iacopo Canino, supported by associate Sara Muscioni.
