Oakley Capital backs ONHC to expand Italy’s private healthcare insurance market

Oakley Capital has acquired a stake in ONHC, a Genoa-based private healthcare insurance services provider, through its new insurance platform, Tiger. The investment underscores the growing investor appetite for specialist healthcare and insurance service firms positioned for regional expansion.

Founded in 2007, ONHC operates across consulting, product development, underwriting, and third-party administration. The company has recorded strong organic growth, driven by increasing demand for integrated healthcare insurance solutions. Oakley’s involvement marks Tiger’s first acquisition, targeting the fragmented commercial specialty insurance space across Southern Europe.

Oakley co-founder Peter Dubens said the firm was backing a proven management team in a market ripe for consolidation. CEO Filippo Ceppellini and his leadership team will continue to run ONHC, supported by Oakley’s buy-and-build expertise to accelerate M&A activity.

The partnership is expected to widen ONHC’s client base, diversify its services, and expand its geographical footprint. The strategy aligns with Oakley’s focus on scaling high-growth, founder-led businesses with recurring revenue potential and strong market positioning.

Ceppellini described the collaboration as an opportunity to capitalise on consolidation prospects in Italy and abroad, highlighting Oakley’s record of expanding businesses in Southern Europe.

Oakley Capital’s move positions Tiger and ONHC as emerging players in the evolving healthcare insurance services sector, setting the stage for further strategic growth.

Read the full story for insights into how Oakley’s latest investment is reshaping Italy’s private healthcare insurance landscape.