Category: ElitePartner

ProSiebenSat.1 Buys Majority Of Online Dating Group Parship Elite

Posted on September 5, 2016

Parship elitepartner logosREUTERS – Sep 5 – German broadcaster ProSiebenSat.1 is buying a majority stake in German online dating group Parship Elite in a deal valuing the company at 300M Eur ($335M) to expand its digital portfolio. ProSieben is paying 100M Eur for 50% plus one share in Parship Elite Group, which operates Parship and Elite Partner in the German-speaking world. It will also replace loans worth 100M Eur with preferred capital bearing a fixed rate of interest. The previous owners, Oakley Capital Private Equity II and the existing management, will keep just under 50% of shares in the group.

by Maria Sheahan
See full article at Reuters

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Summarized by the Courtland Brooks team

ElitePartner Dismisses Employees

Posted on January 20, 2016

Elitepartner logoGRUENDERSZENE – Jan 15 – The Hamburger dating service was sold more than six months ago and has reportedly dismissed a total of 15 employees. Before the layoffs, the company founded in 2004, employed 90 people. The Internet Group Tomorrow Focus sold the dating portal for 22 million euros to the British private equity firm Oakley Capital.

by Kim Richter
See full article at Gruenderszene

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Parship And ElitePartner Will Remain Independent For Now

Posted on August 31, 2015

Parship elitepartner logosDIE WELT – Aug 30 - Parship and ElitePartner, two German dating sites that were bought by Oakley Capital, won't be merged. "We will see later how the companies can work together. Our intention is to maintain both brands and to sharpen their profile," said Parship CEO Tim Schiffers.

by Birger Nicolai
See full article at Die Welt

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Oakley Capital Is Buying Elite Partner For 22M EUR

Posted on June 11, 2015

Elitepartner logoGRUENDERSZENE – June 10 – Tomorrow Focus, Munich-based Internet group, sold its dating portal Elite Partner to Oakley Capital for 22M EUR. Tomorrow Focus wants to focus on the online travel market. Oakley Capital, headquartered in London, is a private equity firm which focuses on investments in telecommunications, information technology and media. Oakley also bought Parship in May 2015.

by Niklaus Wirminghaus
See full article at Gruenderszene

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Singles Boosting German Dating Sites’ Profits

Posted on August 23, 2010

Online dating111 DW WORLD – Aug 20 - Every month ~7M German singles are active on online
dating sites. And with over 2,000 German online dating sites, it would
seem that these singles are spoiled for choice. This, however, isn't
necessarily the reality as the public loses track of which sites are
actually useful, according to Henning Wiechers, CEO of
Singleboersen-vergleich, an online portal that rates dating websites in
Germany, Austria and Switzerland. Although many areas of e-commerce tend
to be dominated by large American companies, Wiechers said 7 of
Germany's top 10 online dating platforms are "made in
Germany." Hamburg-based ElitePartner targets high-income singles with a
university education. ElitePartner's last year's turnover was over 20M
euros ($25 million). Other leading websites, like FriendScout24 said it registers thousands of new members every day. FULL ARTICLE @ DW WORLD

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Internet Dating Industry Weekly News March 2nd, 2010

Posted on March 3, 2010

This is the news for February 23rd through March 2nd, 2010. Here is the news we covered:

  • PlentyofFish continues to grow rapidly
  • Match.com to acquire Singlesnet
  • German online dating market booming
  • Smartdate.com raises 2.2 million Euros
  • Australians suffer heavy losses to online fraud
  • Weopia.com launches new virtual dating service
  • HerWay.com partners with HonestyOnline
  • Maryland Bill proposes tight restrictions
  • Harvard Professor Michael Norton to speak at iDate L.A.

Online Dating In Germany Is Booming

Posted on February 25, 2010

Online dating screen with heartsHORIZONT.NET –
Feb 24 – According to Nielsen 7,5 Million German Internet users visited
at least one dating site in January 2010. Parship, Elitepartner,
Friendscout24 overall counted for 16,4% of active Internet users in
Germany. In the last year, dating sites spent 107M Eur for advertising.
FriendScount24 which spent 39.8M Eur had 1.1M unique visitors in
January 2010 followed by ElitePartner with 893 unique visitors and
FlirtCafe with 809 unique visitors. FULL ARTICLE @ HORIZONT.NET

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