For 100 million euro, the Dax -Unternehmen secured recorded the majority of 50 percent plus one share in the PARSHIP elite group, as ProSiebenSat.1 announced in Munich on Monday. With an additional 100 million euros of consolidated debt of the Hamburg company succeeds. Based on recent acquisition, the Group announced to raise the medium-term financial targets for the 2018th This will be done on October 13.
Still have competition authorities approve the deal. For ProSiebenSat.1 it would after the takeover of the comparison portal Verivox and online travel agents eTRAVELi the third acquisition of a known digital company in twelve months. “It is another important milestone that our goal is to build a strong and profitable growing digital business next to the classic TV business, a major step towards bringing us,” said ProSiebenSat.1 CFO Gunnar Wiedenfels. ProSiebenSat.1 shares gained in the morning easy and were thus in Dax midfield.
The PARSHIP Group expects a presentation of ProSiebenSat.1 According this year with a turnover of 116 million and an operating profit (adjusted EBITDA) of 25 million euros per year. Thus, the now established goodwill of 300 million euros is about twelve times higher than the result. However, the media group sees great growth opportunities. The business of online dating is growing by ten per cent, said Digital boss Christian Wegner. The profit is expected to grow stronger thanks to cost advantages in the Group. The return is to be lifted from the current 21 percent to well over 30 percent.
Last British investment firm Oakley was majority owner of PARSHIP. The holding company had taken only in spring 2015 by Holtzbrinck and a short time later merged with the inherited from Burda Group Portal ElitePartner PARSHIP. The short-term investment has paid off for the holding company. The now established goodwill of PARSHIP is to their calculations 3.6 times higher than the original investment. Oakley himself spoke of a “impressive return”. The British remain together with the PARSHIP management minority shareholders in the dating service.