Rainer Beaujean, Chairman of the Executive Board and CFO, ProSiebenSat.1 Media SE: ... By combining The Meet Group’s and Parship Group’s assets, our brands span the whole spectrum of the online dating market: meeting, dating and falling in love. Rainer Beaujean, Chairman of the Executive Board and CFO, ProSiebenSat.1 Media SE: By combining these two successful and complementary businesses, we create a leading global player in … ProSiebenSat.1 are around 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. See full article at ProsiebenSat.1 website, See the top news on The Meet GroupSee the top news on Parship Group. With the clear goal of a planned IPO, we are now looking for a Senior Group Accounting & Reporting Manager (IFRS) (m/f/d). We believe this deal will help define the future of dating. Strong advisory board will support further growthParshipMeet Group’s advisory board is formed by Rainer Beaujean (Chairman of the Executive Board & CFO, ProSiebenSat.1 Media SE), Wolfgang Link (member of the Executive Board, ProSiebenSat.1 Media SE & CEO SevenOne Entertainment Group), Friedrich Thoma (EVP Group Strategy & Corporate Development, ProSiebenSat.1 Media SE), Claas van Delden (Co-CEO, NuCom Group), Joern Nikolay (Managing Director, General Atlantic), and Vittorio Colao (Vice Chairman Europe, General Atlantic). ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. The all-cash transaction represents an enterprise value of ~$500m. Parship Group and The Meet group have recorded pro forma sales over the past twelve months of approximately EUR 451 million, and pro forma adjusted EBITDA of 95 million, as of the first half of 2020. ...We are perfectly positioned for sustained long-term growth.". Creating considerable shareholder value: NuCom and Parship Group successfully developed an internationally competitive player in the online matchmaking and dating sectorAs a joint company of ProSiebenSat.1 and General Atlantic, NuCom Group has established its first category leader with ParshipMeet Group. Meet Date Fall in Love | Human connection is our most fundamental need. ParshipMeet Group now owns and operates […] Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group more. Matchmaking services such as eharmony or European-based Parship use scientific methods to help people find their partner for a compatible, happy long-term relationship. ProSiebenSat.1's and General Atlantic's Parship Group has successfully completed the acquisition of The Meet Group, following regulatory... | February 16, 2021. "By combining The Meet Group's assets with Parship Group's strengths, we've created a global dating leader and one of the most diversified portfolios of dating brands in the world. We will continue to focus on the same three pillars which have contributed to our success: building the best dating features in the world for our engaged community, investing in livestreaming content and innovation, and discovering sensible opportunities to expand and grow – both organically and through strategic relationships, including our video-platform-as-a-service offering.”. We now combine large freemium dating services monetizing via video, in-app-purchases, and advertising with leading matchmaking brands in the world, monetizing via subscription. We will continue to focus on... building the best dating features in the world, ...investing in livestreaming..., and discovering opportunities to expand and grow – organically and through strategic relationships, including our video-platform-as-a-service offering". We believe in the ability of ParshipMeet Group, as a newly combined company, to bring transformative digital innovation to the global online dating sector. The remainder is held by management. By combining The Meet … "We believe this deal will help define the future of dating. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. The acquisition is expected to close in the 2nd second half of 2020 and is subject to the satisfaction of … At the beginning of the month, ProSiebenSat.1 Media officially completed its takeover of The Meet Group, in a deal which valued the dating and live streaming outfit at $500 million. ProSiebenSat.1 owns 53% and General Atlantic 43% in ParshipMeet Group. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group ... ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. Please enable JavaScript if you would like to comment on this blog. ParshipMeet Group’s brand portfolio consists of internationally successful and established brands with complementary strengths. Founded in 2005, MeetMe has generated untold numbers of meaningful conversations, new friendships, dates, romantic relationships – even marriages. – German retailer Otto Group is planning to list its online fashion retailer About You in early 2021 in a deal that could value the company at about 3 billion euros as it hopes to benefit from a boom in online shopping in the covid-19 pandemic, sources said. As a leading global player in online dating and social entertainment, we support individuals around the world in their search for the right connections. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. Your Responsibility in our Team; Disciplinary leadership of our small but mighty PR & Corporate Communications team; Further development of the communication strategy based on the corporate strategy and implementation of corresponding measures for external corporate communication for the ParshipMeet Group, as well as coordination with the international subsidiaries with a clear focus on a … With our diversified revenue streams and new live video … ...Our brands span the whole spectrum of the online dating market: meeting, dating and falling in love. The combined group was able to further expand its user base and generated pro-forma revenues of EUR 246 million and pro forma adjusted EBITDA of EUR 52 million, representing a c. 28% year-on-year pro-forma revenue growth and c. 71% year-on-year pro-forma adjusted EBITDA growth in the first half of 2020.3 ParshipMeet Group’s business model has proven to be adaptable during the COVID-19 crisis, with online dating and live video markets expected to grow by double digit rates in the next two years. Your Responsibility in our Team; Disciplinary leadership of our small but mighty PR & Corporate Communication team; Further development of the communication strategy based on the corporate strategy and implementation of corresponding measures for external corporate communication for the ParshipMeet Group, as well as coordination with the international subsidiaries with a clear focus on a … prosiebensat 1: parship group completes acquisition of meet group. Through these apps, users can stream live video, send gifts, chat, and share photos. [7] ParshipMeet Group fulfils this desire. 195k+ dating games are played each day across The Meet Group's apps, up 104% since March. The all-cash transaction represents an enterprise value of ~$500m. The successful acquisition and subsequent integration of US matchmaking pioneer eharmony demonstrated its ability to create value through M&A and provided a solid entry in the attractive US market. "We believe this deal will help define the future of dating. In connection with the transaction, a new parent company, ParshipMeet Group, was created to manage two subsidiaries: The Meet Group and Parship Group. ParshipMeet Group now owns and operates The Meet Group’s dating apps MeetMe, LOVOO, Tagged, Skout, and GROWLr, as well as Parship Group’s matchmaking brands eharmony, Parship, and ElitePartner, creating a diversified international market … Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. ParshipMeet Group was created to manage The Meet Group and Parship Group. ...We see significant potential to further the growth of The Meet Group's video platform-as-a-service products, as well opportunities for knowledge-sharing and cross-selling.". Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. Meet Group, Inc. (MEET), a portfolio of mobile dating apps, said Thursday that it has agreed to be acquired by NuCom Group, which is a joint company of German commercial broadcaster ProSiebenSat.1 Media AG’s (PBSFF.PK) and private equity firm General Atlantic, in an all cash transaction for $6.30 per share. ... online dating is becoming an increasingly accepted channel to find a partner. The Meet Group is one of the largest providers of livestreaming dating games in the world. At the same time, we use our expertise in brand building for our commerce and online dating pillars: NuCom Group is a fast-growing e-commerce player with leading portfolio companies in the areas of consumer advice, experiences and beauty & lifestyle. Online Personals Watch: News on the Online Dating Industry and Business, « Momo Announces Q2 Results: Revenue Down 7%, Tinder's "Swipe Night" to Launch Globally This Month », Tawkify - America's nationwide matchmakers. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! Economically, ProSiebenSat.1 owns 53% (plus EUR 350 million preferred equity) and General Atlantic 43% in ParshipMeet Group. The combined company operates as ParshipMeet Group, a newly-minted unicorn and a leading global player in the online dating market. In addition to its online consumer services, ParshipMeet Group offers its vPaaS (video-Platform-as-a-Service) solution to enable other companies to implement live video streaming features into their offerings. "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet Group. ParshipMeet Group | 232 followers on LinkedIn. www.parshipmeet.com, ProSiebenSat.1 Media SEStefanie Rupp-MenedetterPhone: +49 89 9507-2598E-mail: Stefanie.Rupp@prosiebensat1.com, Parship GroupJana BogatzPhone: +49 40 460026-222E-mail: jana.bogatz@parshipgroup.com, General AtlanticMary Armstrong & Emily JaplonE-mail: media@generalatlantic.com, The Meet GroupBrandyn BissingerE-mail: bbissinger@themeetgroup.comLeslie ArenaE-mail: larena@themeetgroup.com, © 2021 ParshipMeet Group - Made with Love, ProSiebenSat.1’s and General Atlantic’s Parship Group completes acquisition of The Meet Group to form Germany’s next unicorn, ParshipMeet Group operates a resilient business model with combined pro-forma LTM revenues of c. EUR 451 million and pro-forma LTM adjusted EBITDA of c. EUR 95 million as of H1 2020, ParshipMeet Group will become the new online dating segment of ProSiebenSat.1, ParshipMeet Group’s management team is continued to be led by industry experts with significant operational expertise. Combined Company, ParshipMeet Group, Adds Industry-Leading Livestreaming Capabilities at a Time of Surging Global Demand for Video Dating. This investment case is also another strong proof of concept of our ability to use the strengths of our Entertainment business to support the growth and development of consumer-facing digital platform and commerce businesses, thereby creating value for our shareholders.”. Parship Group has been carved out of NuCom Group and as of today ParshipMeet Group represents ProSiebenSat.1’s new online dating segment with combined pro-forma LTM revenues of c. EUR 451 million and pro-forma LTM adjusted EBITDA of c. EUR 95 million as of H1 2020.2 ParshipMeet Group’s management team is continued to be led by industry experts with proven operational … The company has millions of mobile daily active users. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. Our global digital studio Studio71 achieves over 9.9 billion monthly video views and operates more than 1,400 web channels. The Group offers a full suite of services, from social dating and entertainment to online matchmaking. ProSiebenSat.1 Media SEProSiebenSat.1 combines leading entertainment brands with a successful production business and a strong commerce and online dating portfolio and is thus one of the most diversified media companies in Europe. 3/5/2020 Press release. With the acquisition of The Meet Group, the geographic footprint is further solidified and value generating competencies in online video monetization were added. MeetMe’s mission is to meet the universal need for human connection among all people, everywhere. BLOOMBERG - Feb 20 - Dating platform ParshipMeet is considering listings on the country's stock exchange. Headquartered in Hamburg, Germany, the company currently employs a workforce of more than 1,100 in eight offices worldwide. ", Joern Nikolay, MD, General Atlantic said, "We believe in the ability of ParshipMeet Group...to bring transformative digital innovation to the global online dating sector...and harness the power of technology. ParshipMeet Group has a unique opportunity to harness the power of technological enablement to augment its differentiated platform and to continue connecting people around the globe.”. The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. “By combining The Meet Group’s assets with Parship Group’s strengths, we’ve created a global dating leader and one of the most diversified portfolios of dating brands in the world. We want to offer great entertainment – whenever, wherever and on any device. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. With its uniquely diverse business approach, the company covers the whole spectrum of the online dating market, ranging from social dating with a strong entertainment component based on live video streaming, to serious matchmaking. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! In connection with the transaction, a new parent company, ParshipMeet Group, was created to manage two subsidiaries: The Meet Group and Parship Group. "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet Group. | Tinder's "Swipe Night" to Launch Globally This Month ». Matchmaking (Parship, eharmony, ElitePartner) - 20+ years of experience in building happy, long-term relationships - Scientific methods create highly compatible couples and lasting love - Strong brands with market leading positions in Europe and North America Social Dating and Entertainment (MeetMe, Skout, Tagged, GROWLr, LOVOO) - 15+ years of meeting the universal need for human connection - Highly … The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! The Meet Group, Inc., a leading provider of interactive dating solutions, has announced the completion of its previously announced acquisition by the parent company of eharmony.In connection with the transaction, a new parent company, ParshipMeet … The Meet Group focuses on community while bringing social entertainment to dating, monetizing through livestreaming video. ... and regularly meet with advisers on this subject,” a Moonpig spokesperson said. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. General Atlantic has more than 150 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. By combining The Meet Group’s and Parship Group’s assets, our brands span the whole spectrum of the online dating market: meeting, dating and falling in love. With its uniquely diverse business approach, the company covers the whole spectrum of the online dating market, ranging from social dating with a strong entertainment component based on live video streaming, to serious matchmaking. Parship Group brands are market leaders in the matchmaking space; focused on serious relationships and monetizing through subscriptions. ParshipMeet Group is an international market leader in online dating. The group should now be made fit for the IPO, said board spokesman Rainer Beaujean on Thursd For more information on General Atlantic, please visit the website: www.generalatlantic.com, ParshipMeet GroupParshipMeet Group is an international market leader in online dating. The Meet Group focuses on community while bringing social entertainment to dating, monetizing through … Double-digit annual growth rates expected. The company has been encouraged by the successful listing of Bumble in the U.S. this month. 24th September 2020. After carving out Parship Group, NuCom Group focuses on the continued successful development of its three verticals of consumer advice, experiences and beauty & lifestyle. With its uniquely diverse business approach, the company covers the whole spectrum of the online dating market, ranging from social dating with a strong entertainment component based on live video streaming, to serious matchmaking. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. The remainder is held by management. ParshipMeet Group operates a resilient business model in a highly attractive market segment, with expected double-digit annual revenue growth rates as the broader dating sector continues to boomOperating a highly resilient business model, ParshipMeet Group has a broad geographical footprint, underpinned by a diverse set of revenue streams, including subscriptions, in-app purchases and advertising. display Munich (dpa) - The television group ProSiebenSat.1 was able to keep its sales almost stable at 4.05 billion euros last year, but the profit for the shareholders fell by 35 percent to 267 million euros. By carving out Parship Group from NuCom Group, ProSiebenSat.1 forms a strong fourth pillar in a highly profitable and fast-growing segment. ParshipMeet Group is jointly owned by ProSiebenSat.1, a leading free-to-air TV broadcaster and video entertainment company in the German-speaking markets, and General Atlantic, a leading global growth equity firm providing capital and strategic support for growth companies. ParshipMeet Group was created to manage The Meet Group and Parship Group.It now operates MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship and ElitePartner.. With ParshipMeet Group, we have created a leading global platform in the online dating segment and have underlined our position as a strong growth partner for digital companies. The universal need for human connection, especially in times of change or crisis, renders the group’s business models and offerings timeless. ParshipMeet Group as new online dating segment of ProSiebenSat.1Parship Group has been carved out of NuCom Group and as of today ParshipMeet Group represents ProSiebenSat.1’s new online dating segment with combined pro-forma LTM revenues of c. EUR 451 million and pro-forma LTM adjusted EBITDA of c. EUR 95 million as of H1 2020.2 ParshipMeet Group’s management team is continued to be led by industry experts with proven operational expertise, including Tim Schiffers (Group CEO), Henning Rönneberg (Group CFO), Marc Schachtel (Group COO), and Geoff Cook (CEO of The Meet Group and General Manager Video). ParshipMeet Group was created to manage The Meet Group and Parship Group. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. Tim Schiffers, CEO of the newly formed ParshipMeet Group, said in a statement: “By combining The Meet Group’s assets with Parship Group’s strengths, we’ve created a global dating leader and one of the most diversified portfolios of dating brands in the world. Despite a challenging macroeconomic situation, both Parship Group and The Meet Group managed their businesses throughout the COVID-19 pandemic effectively, swiftly reacting to the crisis and adapting to the continuously changing environment. www.prosiebensat1.com, General AtlanticGeneral Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. « Momo Announces Q2 Results: Revenue Down 7% | With our diversified revenue streams and new live video streaming opportunities, we are perfectly positioned for sustained long-term growth.”, Geoff Cook, CEO of The Meet Group and General Manager Video of ParshipMeet Group: “We are thrilled to combine with a globally leading matchmaking company. With its unique live video expertise, the Group will continue its growth trajectory by focusing on the acceleration of its live video and online dating capabilities in its existing markets. The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. ParshipMeet Group is an international market leader in online dating. Its mobile apps are available on iOS, and Android in multiple languages. ... Shareholdings in NuCom Group remain unchanged. Shareholdings in NuCom Group remain unchanged. After growing the business organically with a strong brand and product strategy, NuCom and Parship Group started expanding within the online dating market. Social dating and entertainment apps MeetMe, Skout, Tagged, GROWLr, and LOVOO focus on social connections, entertainment, and community. Additionally, from ProSiebenSat1:ParshipMeet Group has revenues of EUR 451 million and adjusted EBITDA of EUR 95 million as of H1 2020, for the last 12 months. IPO News; Hot IPOs; Equity Offerings; ... CEO The Meet Group and GM Video ParshipMeet Group. At the beginning of the month, ProSiebenSat.1 Media officially completed its takeover of The Meet Group, in a deal which valued the dating and live streaming outfit at $500 million. Rainer Beaujean, Chairman of the Executive Board and CFO, ProSiebenSat.1 Media SE: “By combining these two successful and complementary businesses, we create a leading global player in the online dating segment with ParshipMeet Group. ProSiebenSat.1 and General Atlantic team up to acquire The Meet Group to create a leading global player in the online dating segment more. The combined company operates as ParshipMeet Group, a newly-minted unicorn and a leading global player in the online dating market.