ProSiebenSat.1 acquires a big part stake during the PARSHIP PROFESSIONAL class

ProSiebenSat.1 acquires a big part stake during the PARSHIP PROFESSIONAL class

Munich, Sep 5, 2016. ProSiebenSat.1 people will continue to develop the appeal into the proper electronic businesses by acquiring a majority risk when you look at the PARSHIP ELITE GROUP team, using its head office in Hamburg.

The firm with its two powerful manufacturer PARSHIP and ElitePartner will be the top online dating services inside German-speaking community. ProSiebenSat.1 will acquire 50 percent with the providers’s equity, plus one express, for a purchase cost of EUR 100 million. Within the deal, the ProSiebenSat.1 Group will additionally exchange existing PARSHIP TOP-NOTCH party loans into the number of EUR 100 million by providing ideal funds bearing a set interest rate. The purchase is based on a business enterprise value of EUR 300 million. The last holders, Oakley money personal Equity II therefore the current control will continue to keep minority interests totaling just below 50 per cent with the organization. The exchange try pending, susceptible to the acceptance for the competent cartel regulators.

Christian Wegner pet online chat rooms, person in the Executive Board of online Ventures & Commerce associated with the ProSiebenSat.1 party: “The acquisition with the PARSHIP TOP-NOTCH Group underscores our very own strategic give attention to set up, lucrative growth firms that include markets leaders in their phase, stand-to benefit considerably from television advertising, and bolster all of our digital businesses. Online matchmaking, which is the many related classification for PARSHIP TOP-NOTCH Group’s businesses, is considered the most lasting part associated with the online dating sites marketplace, growing at an annual price of 10 percent. Working with our co-shareholders, we’re going to follow the objective within the next four years of creating PARSHIP ELITE’s online dating companies in the German-speaking marketplaces plus Europe.”

By investing in the PARSHIP TOP-NOTCH people, the ProSiebenSat.1 class features included another profitable providers with a company unit predicated on customer solutions to the portfolio. The synergies between internet dating and TV should be especially good to providing the development of PARSHIP ELITE GROUP inside the German marketplace. Following the purchase of bulk limits in Verivox, Germany’s most significant separate contrast portal, and in Etraveli, the leading pan-European online trips company for aircraft, the acquisition of many fascination with PARSHIP TOP-NOTCH may be the 3rd purchase within this magnitude.

Gunnar Wiedenfels, CFO of ProSiebenSat.1 Media SE: “Following the Verivox and Etraveli acquisitions, the purchase from the majority desire for PARSHIP ELITE GROUP party could be the third big bolt-on purchase for ProSiebenSat.1 cluster within the last 12 months, marking another significant milestone to reaching the objective to build a productively raising electronic companies footprint outside traditional TV marketing and advertising. We’re going to hence mirror the future earnings and profits contributions from PARSHIP ELITE cluster in an upward revision of our latest mid-term monetary targets to 2018. Info shall be revealed at our very own future Money Areas Time on October 13, 2016.”

Peter Dubens, Dealing with Partner of Oakley funds Private assets: “We include passionate of the possibility of partnering with ProSiebenSat.1 and management to carry on the amazing growth of PARSHIP ELITE GROUP people. We come across great increases possibility the business in European countries and are usually certain that the business is going to be furthermore enhanced by ProSiebenSat.1’s respected news capability.”

Tim Schiffers, President PARSHIP ELITE class: “The financial by ProSiebenSat.1 gives united states additional momentum to attain the progress goals. Online dating remains a success tale no different provider discusses the appropriate target communities plus we carry out with the powerful companies. We’re eager for obtaining the service of ProSiebenSat.1’s skills, companies, and above all wide-reach target group charm on television.“

About 7Commerce:7Commerce will be the proper investment arm in the ProSiebenSat.1 class when the ProSiebenSat.1 Group’s proper equity investment for the e-commerce companies were bundled. To be able to promote synergies and swaps on the list of businesses inside portfolio, 7Commerce combines the long-term partnerships into so-called „verticals“ 7Commerce’s profile already consists of trusted manufacturer such as Flaconi, Amorelie, Valmano and Stylight when you look at the charm and items section, and Verivox and into the internet based contrast phase.

Towards PARSHIP ELITE class:The PARSHIP TOP-NOTCH cluster is the trusted reputable internet dating services in Germany and European countries. The cluster include the popular intercontinental companies PARSHIP and ElitePartner, both of which employ clinical methods to assist singles effectively determine happy, long-term partnerships. Presently, above 230 workforce work with the PARSHIP ELITE class at the headquarters in Hamburg and also in one other workplace in Amsterdam.

About Oakley funds professional money L.P., Oakley money professional money II and Oakley investment Private money III:Oakley investment Private money L.P. and its successor funds, Oakley money personal assets II and Oakley Capital personal Equity III, is unlisted mid-market private assets funds utilizing the goal of offering people with big lasting capital understanding. The investment approach associated with the funds will be give attention to buy-out potential in businesses making use of possibility of progress, consolidation and gratification enhancement.

Source: Parship PROFESSIONAL Management, August 2016.