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ProSiebenSat.1 acquires a majority stake inside PARSHIP ELITE GROUP team

ProSiebenSat.1 acquires a majority stake inside PARSHIP ELITE GROUP team

Munich, Sep 5, 2016. ProSiebenSat.1 people will continue to expand their existence from inside the proper electronic companies by acquiring a big part stake for the PARSHIP TOP-NOTCH class, with its hq in Hamburg.

The company having its two stronger manufacturer PARSHIP and ElitePartner will be the respected internet dating provider for the German-speaking community. ProSiebenSat.1 will obtain 50 percent associated with company’s assets, and one express, for a purchase price of EUR 100 million. As part of the transaction, the ProSiebenSat.1 people also replace present PARSHIP ELITE GROUP cluster loans for the amount of EUR 100 million by providing favored money bearing a fixed rate of interest. The exchange is founded on a company value of EUR 300 million. The previous people, Oakley investment professional Equity II in addition to present administration will continue to hold minority passion totaling just below 50 % with the organization. The purchase is actually pending, subject to the acceptance regarding the skilled cartel bodies.

Christian Wegner, member of the Executive Board of Digital Ventures & Commerce with the ProSiebenSat.1 party: “The acquisition on the PARSHIP PROFESSIONAL cluster underscores the proper consider demonstrated, lucrative increases firms that are marketplace management within their phase, stand-to help dramatically from television marketing, and reinforce all of our electronic company. Online matchmaking, the a lot of related classification for PARSHIP ELITE GROUP Group’s business, is the most renewable section of the internet dating markets, developing at a yearly rates of 10%. Working with the co-shareholders, we will go after the aim within the next couple of years of building PARSHIP ELITE’s internet dating companies inside German-speaking markets plus in Europe.”

By investing in the PARSHIP ELITE party, the ProSiebenSat.1 party has added another winning team with a company product predicated on customers providers to the portfolio. The synergies popular chat between online dating sites and television will be especially conducive to marketing the growth of PARSHIP TOP-NOTCH into the German industry. Following purchase of majority bet in Verivox, Germany’s greatest separate comparison webpage, and in Etraveli, the main pan-European on-line vacation agency for aircraft, the purchase of a big part interest in PARSHIP PROFESSIONAL may be the next exchange of this magnitude.

Gunnar Wiedenfels, CFO of ProSiebenSat.1 news SE: “Following the Verivox and Etraveli purchases, the purchase of the bulk curiosity about PARSHIP PROFESSIONAL class is the 3rd huge bolt-on exchange for ProSiebenSat.1 team in the last year, marking another important milestone to reaching all of our goal of creating a productively raising digital businesses footprint outside classical TV advertising. We will hence mirror tomorrow sales and revenue efforts from PARSHIP PROFESSIONAL people in an upward modification of our own recent mid-term economic goals to 2018. Info are disclosed at all of our future Investment Marketplaces Time on October 13, 2016.”

Peter Dubens, Managing mate of Oakley money professional money: “We are excited of the possibility of partnering with ProSiebenSat.1 and management to keep the remarkable development of PARSHIP ELITE GROUP cluster. We see big progress possibility the company in European countries and are confident that business is more boosted by ProSiebenSat.1’s top news functionality.”

Tim Schiffers, CEO PARSHIP TOP-NOTCH class: “The investment by ProSiebenSat.1 deliver us more impetus to achieve all of our increases goals. Online dating sites continues to be a success tale with no other carrier addresses the relevant target organizations in addition to we would with the help of our stronger brand names. The audience is getting excited about obtaining the support of ProSiebenSat.1’s expertise, networking sites, and first and foremost wide-reach target class appeal on TV.“

About 7Commerce:7Commerce could be the strategic investments supply regarding the ProSiebenSat.1 team where the ProSiebenSat.1 Group’s strategic assets opportunities into the e-commerce companies include bundled. So that you can promote synergies and exchanges on the list of enterprises within this collection, 7Commerce combines its long-term partnerships into alleged „verticals“ 7Commerce’s profile already contains trusted companies eg Flaconi, Amorelie, Valmano and Stylight from inside the beauty and items portion, and Verivox and in online comparison portion.

Concerning the PARSHIP ELITE party:The PARSHIP ELITE GROUP party may be the leading reputable internet dating services in Germany and European countries. The cluster comprise the popular intercontinental brands PARSHIP and ElitePartner, each of which employ medical techniques to help singles effectively determine delighted, long-lasting partnerships. Currently, significantly more than 230 workforce work for the PARSHIP TOP-NOTCH Group during the head office in Hamburg plus in an added office in Amsterdam.

About Oakley funds professional money L.P., Oakley investment professional Equity II and Oakley investment professional Equity III:Oakley money personal Equity L.P. and its replacement resources, Oakley funds professional assets II and Oakley funds personal Equity III, become unlisted mid-market personal equity resources with all the aim of providing traders with significant overall money appreciation. The investments method from the funds would be to pay attention to buy-out solutions in businesses using the prospect of growth, combination and gratification enhancement.

Origin: Parship TOP-NOTCH Administration, August 2016.

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