We want to offer great entertainment – whenever, wherever and on any device. 195k+ dating games are played each day across The Meet Group's apps, up 104% since March. "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. 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. We believe this deal will help define the future of dating. Main Parship Group brands are market leaders in the matchmaking space; focused on serious relationships and monetizing through subscriptions. 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 company has been encouraged by the successful listing of Bumble in the U.S. this month. 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 believe this deal will help define the future of dating. Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. "We believe this deal will help define the future of dating. 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. The all-cash transaction represents an enterprise value of ~$500m. The Meet Group, Inc. (formerly MeetMe) owns several mobile social networking services including MeetMe, hi5, LOVOO, Growlr, Skout, and Tagged. « Momo Announces Q2 Results: Revenue Down 7% | Combined Company, ParshipMeet Group, Adds Industry-Leading Livestreaming Capabilities at a Time of Surging Global Demand for Video Dating. ProSiebenSat.1 are around 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. The ParshipMeet Group is one of the leading international companies in the field of online dating. Shareholdings in NuCom Group remain unchanged. Its mobile apps are available on iOS, and Android in multiple languages. 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. 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 … Economically, ProSiebenSat.1 owns 53% (plus EUR 350 million preferred equity) and General Atlantic 43% in ParshipMeet Group. After growing the business organically with a strong brand and product strategy, NuCom and Parship Group started expanding within the online dating market. Successful formats like “The Masked Singer”, “Germany’s next Topmodel”, and “Beat the Channel” as well as top-notch stars like Heidi Klum, or Dwayne Johnson belong to our family. | 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 … prosiebensat 1: parship group completes acquisition of meet group. The Group offers a full suite of services, from social dating and entertainment to online matchmaking. The all-cash transaction represents an enterprise value of ~$500m. 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. The universal need for human connection, especially in times of change or crisis, renders the group’s business models and offerings timeless. By combining The Meet … Parship Group brands are market leaders in the matchmaking space; focused on serious relationships and monetizing through subscriptions. 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. ", Tim Schiffers, CEO, ParshipMeet Group said, "Online dating, and interactive live video in particular, is a global megatrend that will continue to transform all of our lives in the future. ParshipMeet Group was created to manage The Meet Group and Parship Group. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. Thus, ProSiebenSat.1 creates various upside opportunities and synergies within the Group and secures a stronger presence in Europe and North America. The Meet Group focuses on community while bringing social entertainment to dating, monetizing through livestreaming video. ParshipMeet's owner, the broadcaster ProSiebenSat.1 Media SE, is working with advisers on a potential IPO of the business. ...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.". ParshipMeet Group’s brand portfolio consists of internationally successful and established brands with complementary strengths. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. BUSINESSWIRE - Sep 4 - The Meet Group announced the completion of its acquisition by the parent company of eharmony. 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. 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. The acquisition is expected to close in the 2nd second half of 2020 and is subject to the satisfaction of … 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 is an international market leader in online dating. ... Shareholdings in NuCom Group remain unchanged. 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. In connection with the transaction, a new parent company, ParshipMeet Group, was created to manage two subsidiaries: The Meet Group and Parship Group. 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. 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 … "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet Group. With the number of singles growing – amongst whom there are more and more digital natives – online dating is becoming an increasingly accepted channel to find a partner. ProSiebenSat.1’s and General Atlantic’s Parship Group has successfully completed the acquisition of The Meet Group, following regulatory approval from all required authorities. ...We are perfectly positioned for sustained long-term growth.". 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. By carving out Parship Group from NuCom Group, ProSiebenSat.1 forms a strong fourth pillar in a highly profitable and fast-growing segment. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! Founded in 2005, MeetMe has generated untold numbers of meaningful conversations, new friendships, dates, romantic relationships – even marriages. 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. Meet Date Fall in Love | Human connection is our most fundamental need. [7] ParshipMeet Group was created to manage The Meet Group and Parship Group. The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. With the clear goal of a planned IPO, we are now looking for a Senior Group Accounting & Reporting Manager (IFRS) (m/f/d). It now operates MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship and ElitePartner. 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. MeetMe’s mission is to meet the universal need for human connection among all people, everywhere. – Trustpilot, the European equivalent of reviews site … 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. We believe in the ability of ParshipMeet Group, as a newly combined company, to bring transformative digital innovation to the global online dating sector. As a leading global player in online dating and social entertainment, we support individuals around the world in their search for the right connections. 24th September 2020. Social dating and entertainment apps MeetMe, Skout, Tagged, GROWLr, and LOVOO focus on social connections, entertainment, and community. The Meet Group focuses on community while bringing social entertainment to dating, monetizing through … 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. 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". ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. www.prosiebensat1.com, General AtlanticGeneral Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. See full article at ProsiebenSat.1 website, See the top news on The Meet GroupSee the top news on Parship Group. The cash price consideration to The Meet Group’s shareholders is $6.30 per share, valuing The Meet Group at approximately $500m enterprise value. 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. The company has millions of mobile daily active users. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. 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. Im September 2020 wurde die Übernahme nach Zustimmung durch die bisherigen Aktionäre der The Meet Group sowie die zuständigen kartellrechtlichen und regulatorischen Behörden abgeschlossen. The Meet Group is one of the largest providers of livestreaming dating games in the world. Joern Nikolay, Managing Director, General Atlantic: “Today’s announcement marks an exciting new chapter for ParshipMeet Group. 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. We see significant potential to … It now operates MeetMe, LOVOO, Tagged, Skout, GROWLr, eharmony, Parship 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. The group should now be made fit for the IPO, said board spokesman Rainer Beaujean on Thursd 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. ProSiebenSat.1 owns 53% and General Atlantic 43% in ParshipMeet Group. 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. ... online dating is becoming an increasingly accepted channel to find a partner. ", 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. Unterfoehring/Hamburg, September 4, 2020. 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 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. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! With our diversified revenue streams and new live video … 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 are evaluating an IPO for ParshipMeet Group in 2022. The remainder is held by management. ParshipMeet Group now owns and operates […] "We are thrilled to combine with a globally leading matchmaking company," said Geoff Cook, CEO of The Meet 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. 3/5/2020 Press release. 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 … Headquartered in Hamburg, Germany, the company currently employs a workforce of more than 1,100 in eight offices worldwide. The German broadcaster merged the company with Parship Group, its online dating arm that already housed Parship, eharmony and ElitePartner. By bringing together these two companies and generating considerable shareholder value, NuCom Group has built its first category leader. 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. 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. After carving out Parship Group, NuCom Group focuses on the continued successful development of its three verticals of consumer advice, experiences and beauty & lifestyle. ...Our brands span the whole spectrum of the online dating market: meeting, dating and falling in love. Please enable JavaScript if you would like to comment on this blog. Während zur Parship Group unter anderem die Marken Parship, ElitePartner und eHarmony gehören, beinhaltet The Meet Group unter anderem die Marken MeetMe, Tagged und Lovoo. Rainer Beaujean, Chairman & CFO, ProSiebenSat.1 said, "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. ProSiebenSat.1's and General Atlantic's Parship Group has successfully completed the acquisition of The Meet Group, following regulatory... | February 16, 2021. 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. 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 … 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. 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.”. 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.. 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 … 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. The combined company operates as ParshipMeet Group, a newly-minted unicorn and a leading global player in the online dating market. Double-digit annual growth rates expected. "The Meet Group's livestreaming video platform is unique and well positioned for a post-pandemic world where video becomes a critical part of finding and screening first dates," said Tim Schiffers, CEO of ParshipMeet Group. IPO News; Hot IPOs; Equity Offerings; ... CEO The Meet Group and GM Video ParshipMeet Group. With the acquisition of The Meet Group, the geographic footprint is further solidified and value generating competencies in online video monetization were added. 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. Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group more. 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 … For more information on General Atlantic, please visit the website: www.generalatlantic.com, ParshipMeet GroupParshipMeet Group is an international market leader in online dating. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. ParshipMeet Group fulfils this desire. 3/5/2020 Press release. 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. Only the dating portals of the Parship Meet group were able to increase their operating results. Through these apps, users can stream live video, send gifts, chat, and share photos. 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. Tim Schiffers, CEO, ParshipMeet Group: “Online dating, and interactive live video in particular, is a global megatrend that will continue to transform all of our lives in the future. 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). 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. 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. The goal is to create a leading global player in the online dating segment by combining NuCom’s portfolio company Parship Group with The Meet 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. ParshipMeet Group | 232 followers on LinkedIn. MeetMe is the mobile version of the bar or coffeehouse where everyone belongs. ParshipMeet Group is an international market leader in online dating. In connection with the transaction, a new parent company, ParshipMeet Group, was created to manage two subsidiaries: The Meet Group and Parship Group. The Meet Group Acquired and Looking at 2022 IPO as ParshipMeet! ... and regularly meet with advisers on this subject,” a Moonpig spokesperson said. BLOOMBERG - Feb 20 - Dating platform ParshipMeet is considering listings on the country's stock exchange. – 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. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022. 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). 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.”.

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