About
NCG

We are building the N°1 Europe-centered
growth platform in consumer internet.

NUMBER OF
INVESTMENTS
10
TOTAL INVESTMENT
VOLUME €
≈ 800 M
REVENUE
YEARLY €
≈ 800 M
VISITORS
PER MONTH
≈ 35 M
NUMBER OF POS
WITH OUR PRODUCTS
>10 K

Our USP

We provide a unique combination of content, commerce and operational excellence which drives the exceptional development of our portfolio.

Our Aspiration

We shape Europe’s digital landscape by leveraging our operational know how, our synergies with the ProSiebenSat.1 Group and our investment expertise.

Our Team

We create valuable impact for our portfolio companies with our passionate, energetic, and collaborative team.

Our Uniqueness

We are a majority-owned subsidiary of ProSiebenSat.1 Media SE,

one of Europe’s leading media companies and Germany’s biggest TV network.

Since 2018, General Atlantic as one of the leading global growth equity firms

has also invested a significant stake in the NUCOM GROUP.

 

Through leveraging ProSiebenSat.1’s media power and expertise

combined with General Atlantic’s operational and investment excellence,

we accelerate the strong growth path of our portfolio companies

and create superior value both for investors and our portfolio companies.

Our Digital Excellence Center

Our value add: We ensure best-in-class performance by connecting our portfolio experts, measuring comparable KPIs to identify potentials, defining actions and ensuring improvements.

Improve
Measure
Define
Portfolio

Our Portfolio

Our diversified portfolio combines multiple market leading

consumer services and lifestyle brands across

different distribution channels.

People

Our People

We are a highly enthusiastic team of exceptional leaders

with decades of experience in the digital and

e-commerce space.

Co-CEO & Managing Director

Claas van Delden

Claas van Delden is Co-CEO of NCG – NUCOM GROUP SE and Managing Director of NCG Commerce GmbH. He has been involved in ProSieben's digital business since 2012 and was initially responsible for growing the strategic digital commerce portfolio as Managing Director of SevenVentures. Before joining ProSiebenSat.1's investment arm, Claas worked at Holtzbrinck Digital and the Boston Consulting Group, among others.

Co-CEO & Managing Director

Dr. Florian Tappeiner

Dr. Florian Tappeiner is Co-CEO of NCG – NUCOM GROUP SE and Managing Director of NCG Commerce GmbH. Florian has been at ProSiebenSat.1 since 2015 and has led the Group's M&A department as Executive Vice President M&A. Before ProSiebenSat.1, Florian was Director of the private equity firm H.I.G. Capital.

Managing Director

Daniel Puschmann

Daniel Puschmann is Managing Director of NCG Commerce GmbH and leads our Digital Excellence Center. He drives and operationally develops NCG's digital portfolio also by taking responsibility as MD in several portfolio companies. Before joining ProSiebenSat.1 in 2012, he was responsible for the digital business at Bauer Media Group as well as member of Roland Berger's TMT practice.

22/10/2020

ProSiebenSat.1 sells WindStar Medical to Oakley Capital and increases enterprise value by 2.4x

  • Transaction is further proof of ProSiebenSat.1’s successful strategy to establish market leaders in the B2C sector by leveraging media capabilities and thus create value for the Group
  • WindStar Medical’s enterprise value amounts to EUR 280 million, which corresponds to an adjusted EBITDA multiple of 13.6x

 

 

Unterföhring/Wehrheim, October 22, 2020: ProSiebenSat.1 subsidiary NuCom Group, in which General Atlantic is a minority investor with a 28.4% stake, is selling its entire stake of 92% in WindStar Medical Holding to Oakley Capital. The financial investor also acquires the remaining 8% currently held by minority shareholders. The enterprise value of WindStar Medical underlying the transaction is at EUR 280 million with expected 2020 revenues of EUR 127 million and an adjusted EBITDA of EUR 21 million. This corresponds to an adjusted EBITDA multiple of 13.6x.
 
WindStar Medical is one of the leading providers of healthcare products in Germany. The company develops and distributes high-quality medical products and over-the-counter pharmaceuticals for drugstores, supermarkets and pharmacies. The company’s product range includes successful healthcare brands such as SOS, GreenDoc and BodyMedica. In addition, Windstar Medical advises companies on the selection of their assortment of over-the-counter drugs and offers a wide range of private labels. Windstar Medical has been part of ProSiebenSat.1 since 2016. In 2018, the company became part of NuCom Group, which is majority-owned by ProSiebenSat.1 with General Atlantic as minority investor. By establishing and expanding its brand business and the successful implementation of TV advertising campaigns, the company expanded its market position considerably and significantly increased the brand awareness of its products. In order to further strengthen the brand recognition in the future, a multi-year advertising partnership with WindStar Medical was concluded as part of the transaction. Over the past few years, the Group has supported WindStar Medical’s growth by the digitalization of the business, the establishment of new sales channels and, in particular the acquisition of the over-the-counter (OTC) brand Zirkulin. The company thus increased its revenues by around 80% from EUR 70 million in 2016 to around EUR 127 million in 2020 (expectation). In this period, the enterprise value has increased by 2.4x, also taking into account the acquisition of Zirkulin.
 
Rainer Beaujean, Chairman of the Executive Board & Chief Financial Officer of ProSiebenSat.1 Media SE: “We have significantly grown the awareness of the WindStar brands through advertising on our channels and platforms. This in particular enabled us to increase the enterprise value of WindStar Medical in an impressive way by 2.4x in just four years. This clearly demonstrates the added value that we can generate through synergies with our entertainment business. With this sale, we are consistently pursuing our strategy of actively managing the portfolio. In addition to value-enhancing acquisitions, such as ’The Meet Group’, this strategy also relies on divestments – especially when ProSiebenSat.1’s contribution to the next stage of growth is limited and we are no longer the best owner for a business. This allows us to focus our portfolio and leverage greater synergies. At the same time, we are able to reduce our financial leverage ratio with the proceeds from the sale, giving us more leeway to make future value-creating investments in the consumer Internet sector.“
 
Florian Tappeiner, Co-CEO of NuCom Group SE: “WindStar Medical is one of the fastest growing OTC companies in Germany. Together with CEO René Flaschker and the entire WindStar team, we accelerated the brands’ growth launched new products and expanded distribution channels in recent years. It was a great pleasure to accompany WindStar Medical on this journey and we wish the company every success for the next chapter.”
 
Peter Dubens, Managing Partner of Oakley Capital: “WindStar Medical is a unique OTC platform in a highly attractive space that Oakley is excited to be investing in, having closely followed both the development of the business and management over recent years. We look forward to working together with the team and utilising our broad expertise in digitalisation, go-to-market and M&A to help WindStar Medical accelerate its growth trajectory in Germany and international markets.”
 
Jörn Nikolay, Managing Director of General Atlantic: “The growth of WindStar Medical and the value increase in the context of the now completed sale underline our successful partnership with ProSiebenSat.1 and NuCom Group. Our special thanks go to René Flaschker and the team. We are delighted that the company has found a good partner in Oakley Capital for the next phase of growth.”
 
René Flaschker, CEO of WindStar Medical: “Together with NuCom Group, we have positioned WindStar Medical very well for future growth. The transaction in these highly volatile times once again underlines the attractiveness and potential of WindStar Medical. We have created a diversified product portfolio through acquisitions and ProSiebenSat.1’s marketing power – now we are ready for the next stage of growth. With our new partner Oakley Capital, we want to continue on this successful journey and drive our internationalization forward.”

The sale of WindStar Medical is subject to the approval of relevant antitrust authorities. Closing of the transaction as well as the subsequent deconsolidation are expected for the fourth quarter of 2020.

 

ProSiebenSat.1 Media SE
ProSiebenSat.1 combines leading entertainment brands with a successful production business and a strongly growing commerce portfolio and is thus one of the most diversified media companies in Europe. We want to offer great entertainment – whenever, wherever and on any device. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. 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. Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. Our global digital studio Studio71 achieves over 9.9 billion monthly video views and operates more than 1,400 web channels. 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. 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. ProSiebenSat.1 are around 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. www.prosiebensat1.com

 

Windstar Medical
The WindStar Medical Group develops companies in the extended healthcare market. The group’s business units are supported during their development and in their international expansion. WindStar Medical focuses on quickly and consistently building up market leaders, who can assert themselves in their markets as independent companies. The company is headquartered in Wehrheim im Taunus. Let’s improve quality of life! – This is the driving force and motivation of the group’s more than 120 employees. Further information is available at: www.windstar-medical.com About the business units of the WindStar Medical Group: Districon GmbH – Global Power Brands made for you! www.districon.eu , Dr. Kleine Pharma GmbH – Partnering Services – from the idea to the point of sale! www.kleine-pharma.com

 

NuCom Group SE
NuCom Group bundles investments in digital consumer Internet companies. As joint company of ProSiebenSat.1 Group and General Atlantic, NuCom Group combines the reach, know-how and resources from a leading German Entertainment House with the expertise and firepower of a leading global growth equity investor. NuCom Group supports their portfolio companies by adding marketing power, operational expertise and clear buy-and-build strategies and thus creates category leaders. Thereby the company focuses on consumer internet business models with a clear USP and differentiation strategy in different growth stages. Brands such as Amorelie, Aroundhome, billiger-mietwagen.de, Flaconi, Jochen Schweizer, Stylight or Verivox belong to the NuCom portfolio. The portfolio is divided in three verticals: consumer advice, experiences and beauty and lifestyle. www.nucom.group

 

General Atlantic General
Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 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. 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. For more information on General Atlantic, please visit the website: www.generalatlantic.com

23/09/2020

Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group

  • 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 ca. EUR 451 million and proforma LTM adjusted EBITDA of ca. EUR 95 million as of H1 20201 in an attractive market segment, with expected double-digit annual growth rates in revenue and adjusted EBITDA
  • 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

 

Unterfoehring/Hamburg, August September xx4, 2020. 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. The combined company operates as ParshipMeet Group, a newlyminted unicorn and a leading global player in the online dating market. The Group offers a full suite of services, from social dating and entertainment to online matchmaking. After the closing, The Meet Group shares, previously listed on NASDAQ, had its last public trading day on September 3, 2020.

 

ParshipMeet Group as new online dating segment of ProSiebenSat.1
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 ca. 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). By carving out Parship Group from NuCom Group, ProSiebenSat.1 forms a strong fourth pillar in a highly profitable and fast-growing segment. Thus, creates various upside opportunities and synergies within the Group and secures a stronger presence in Europe and North America Shareholdings in NuCom Group remain unchanged. ProSiebenSat.1 and General Atlantic are evaluating an IPO for ParshipMeet Group in 2022.

 

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. 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.”

 

Creating considerable shareholder value: NuCom and Parship Group successfully developed an internationally competitive player in the online matchmaking and dating sector

As a joint company of ProSiebenSat.1 and General Atlantic, NuCom Group has established its first category leader with 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. The successful acquisition of US matchmaking eharmony demonstrated its ability to create value through M&A and provided a solid entry in the attractive US market. With the acquisition of The Meet Group, the geographic footprint is further solidified and value generating competencies in online video monetization were added. After carving out Parship Group, NuCom Group focuses on the continued successful development of its three verticals of consumer advice, experiences and beauty & lifestyle.

 

Joern Nikolay, Managing Director, General Atlantic: “Today’s announcement marks an exciting new chapter for ParshipMeet Group. By bringing together these two companies and generating considerable shareholder value, NuCom Group has built its first category leader. We believe in the ability of ParshipMeet Group, as a newly combined company, to bring transformative digital innovation to the global online dating sector. 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.”

 

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 boom

Operating 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. 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. 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 Page 3 of 4 continuously changing environment. 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 ca. 28% year-on-year pro-forma revenue growth and ca. 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 universal need for human connection, especially in times of change or crisis, renders the group’s business models and offerings timeless. In addition to its online consumer services, ParshipMeet Group offers its vPaaS (video-Plattform-as-a-Service) solution to enable other companies to implement live video streaming features into their offerings.

 

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. 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. 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 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 leading matchmaking company. We believe this deal will help define the future of dating. 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.”

 

Strong advisory board will support further growth ParshipMeet 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 Media SE
ProSiebenSat.1 combines leading entertainment brands with a successful production business and a strongly growing commerce portfolio and is thus one of the most diversified media companies in Europe. We want to offer great entertainment – whenever, wherever and on any device. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. 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. Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. Our global digital studio Studio71 achieves over 9.9 billion monthly video views and operates more than 1,400 web channels. 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. 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. ProSiebenSat.1 are around 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. www.prosiebensat1.com

 

 

General Atlantic General
Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 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. 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. For more information on General Atlantic, please visit the website: www.generalatlantic.com

 

ParshipMeet Group
ParshipMeet Group is an international market leader in online dating. 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. ParshipMeet Group’s brand portfolio consists of internationally successful and established brands with complementary strengths. Social dating and entertainment apps MeetMe, Skout, Tagged, GROWLr, and LOVOO focus on social connections, entertainment, and community. 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. Headquartered in Hamburg, Germany, the company currently employs a workforce of more than 1,100 in eight offices worldwide. www.parshipmeet.com

 

 

1 LTM revenues and EBITDA per June 30, 2020. The Meet Group’s pro-forma adjusted EBITDA adds back 80% of the expenses for stock-based compensation to management adjusted EBITDA. USD numbers converted at 1.14 for 2019 and 1.12 for H1 2020.
2 LTM revenues and EBITDA per June 30, 2020. The Meet Group’s pro-forma adjusted EBITDA adds back 80% of the expenses for stock-based compensation to management adjusted EBITDA. USD numbers converted at 1.14 for 2019 and 1.12 for H1 2020.
3 The Meet Group’s pro-forma adjusted EBITDA adds back 80% of the expenses for stock-based compensation to management adjusted EBITDA. USD numbers converted with 1.14 for H1 2019 and 1.12 for H1 2020

10/03/2020

ProSiebenSat.1 and General Atlantic team up to acquire The Meet Group

  • Vision of creating leading global player in the online dating segment by combining NuCom’s Parship Group with The Meet Group
  • Cash price to Meet Group shareholders of $6.30 per share, valuing the company at approximately $500m enterprise value
  • Acquisition multiples for The Meet Group: EV/LTM Sales 2.4x, EV/LTM Adj. EBITDA 12.8x / incl. full run rate synergies <10x1
  • Acquisition to be adj. net income accretive for ProSiebenSat.1 in first year (pro forma 2020E)
  • ProSiebenSat.1 committed to its financial leverage target range of 1.5x-2.5x
  • Transaction expected to close in the second half of 2020
  • After the successful closing, Parship Group will cover the complete spectrum of the online dating market: from science based online dating to interactive live video apps

 

Munich/Hamburg, March 5, 2020. ProSiebenSat.1 and General Atlantic teamed up to sign with their joint company NuCom Group an agreement for the acquisition of the US online dating and social entertainment provider The Meet Group (NASDAQ: MEET). 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. The cash price consideration to The Meet Group’s shareholders is $6.30 per share, valuing The Meet Group at approximately $500m enterprise value. The acquisition is expected to close in the 2nd second half of 2020 and is subject to the satisfaction of customary conditions, including approval of The Meet Group’s shareholders and receipt of required antitrust and regulatory approvals.

 

Two leading businesses with complementary strengths and unique product offerings in their respective highly attractive market segmentsAfter a successful closing of the transaction, Parship Group will cover the complete spectrum of the online dating market. The Meet Group’s fast-growing dating and social entertainment apps with brands such as MeetMe®, Tagged® and Lovoo® meet the universal need for human connection. The established and well-known brands Parship, eharmony and ElitePartner offer science-based online dating to create long-term relationships. By combining their industry expertise as well leveraging their complementary fit and user bases in the core markets, Parship Group will become a global leader in the online dating market with expected double-digit annual revenue growth rates.

 

Max Conze, CEO, ProSiebenSat.1 Media SE: “The acquisition of The Meet Group is one of ProSiebenSat.1’s largest transactions. It will significantly advance our ambition to create one of the leading global players in online dating and interactive live video. We believe the combination of these two successful and complementary businesses will also create synergies within the ProSiebenSat.1 universe and accelerate the growth of our market share in the German live video apps sector.”

 

Industry leader with innovative and interactive live video offer
The Meet Group‘s apps are positioned at the intersection of online dating and social entertainment. Its main markets are North America, Germany and Southern Europe. In total the brands of The Meet Group have approximately 4.46m mobile daily active users, focusing on a target group of men and women between the age of 18 and 34 years+. The Meet Group apps represent a high- quality product expansion for the Parship Group, diversifying revenues from 100% subscription towards virtual gifting and advertising. The company, which is listed on NASDAQ, generated approximately $206.6m of revenues and approximately $39.5m of Adjusted EBITDA1 for the twelve months period ending September 30, 2019.

 

Attractive value creation by strengthening core vertical of NuCom Group
NuCom Group has a proven track record of successful value creation for investors and their portfolio companies. Over the past four years, NuCom Group has established a profitable online matchmaking platform – Parship Group – through the acquisition of Parship and ElitePartner in Germany in 2016, followed by the acquisition of US-based eharmony Group in 2018, globalizing the company. The acquisition of The Meet Group with its leading portfolio of mobile dating apps will further diversify the matchmaking and dating platform, and will scale the combined entity’s geographical presence and breadth.

 

Joern Nikolay, Managing Director General Atlantic: “Nearly two years ago, we entered into this partnership with ProSiebenSat.1 and NuCom Group with a clear mission to create category leaders. The Meet Group is an innovative and growing company that is a natural fit with the Parship Group, and the transformative combination of the companies will move us closer toward our vision of creating a global leader in the online dating segment. We are proud to be a partner of both ProSiebenSat.1 and NuCom Group as we work to create long-term value and growth.”

 

Geoffrey Cook, CEO, The Meet Group: “We are excited about this transaction and the significant benefits resulting from a combination with NuCom’s Parship Group. We look forward to joining forces with Parship Group and leveraging their industry experience to continue to advance our mission of helping users connect in a meaningful way.”

 

Tim Schiffers, CEO Parship Group: “Following the successful acquisition of eharmony, we have proven that we can manage new businesses and accelerate their growth by combining the best of both worlds. We continue to consolidate our position in the online dating market and extend our business model by adding social entertainment. I am looking forward to working with our new colleagues to solidify our international footprint.”

 

Deal structure demonstrates excellent collaboration between ProSiebenSat.1 and General Atlantic
ProSiebenSat.1 Group and General Atlantic will jointly finance the acquisition with cash contributions of $232m (EUR 209m2) and $306m (EUR 276m3), respectively. NuCom Group, which is jointly owned by ProSiebenSat.1 and General Atlantic, will contribute Parship Group to a newly formed company. After completing the transaction, ProSiebenSat.1 Group will hold 55% of the merged online dating business, whereas General Atlantic’s stake will amount to 45%. The envisaged shareholding structure also takes a pre-merger Enterprise Value for the Parship Group of EUR 726m into account.

 

The acquisition multiples for The Meet Group are EV/LTM Sales of 2.4x, EV/LTM Adjusted EBITDA of 12.8x, reducing to < 10x including full run rate synergies (full run rate synergy potential expected to be realized by 2022). The acquisition is expected to be adjusted net income accretive for ProSiebenSat.1 in the first year (pro-forma full year 2020E). The acquisition will increase the net debt position of ProSiebenSat.1 Group by c. EUR 209m4 and will result a slight increase of financial leverage (pro-forma full year 2020E). However, ProSiebenSat.1 Group is strongly committed to its targeted financial leverage in the range of 1.5x to 2.5x.

 

ProSiebenSat.1 Media SE
ProSiebenSat.1 combines leading entertainment brands with a successful production business and a strongly growing commerce portfolio and is thus one of the most diversified media companies in Europe. We want to offer great entertainment – whenever, wherever and on any device. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. 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. Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. Our global digital studio Studio71 achieves over 9.9 billion monthly video views and operates more than 1,400 web channels. Our NuCom Group is a rapidly growing e-commerce player with leading portfolio companies that offer online price comparison, matchmaking, experiences as well as beauty & lifestyle. ProSiebenSat.1 are more than 7,000 passionate creators that love to entertain and delight our viewers and consumers each day. For more information on ProSiebenSat.1, please visit the website: www.prosiebensat1.com

 

General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 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. 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. For more information on General Atlantic, please visit the website: www.generalatlantic.com

 

NuCom Group
NuCom Group is the growth partner for consumer internet companies. We create global category leaders and accelerate the growth of our portfolio companies by adding marketing power, operational expertise and clear buy-and-build strategies. Thereby we combine the strengths of our shareholders in a “best of both worlds” approach, featuring the reach, know-how and resources from the ProSiebenSat.1 Group and the expertise and firepower of General Atlantic, a leading global growth equity investor. We focus on B2C asset light business models with a clear USP and differentiation. Currently our portfolio is divided in four verticals: consumer advice, matchmaking, experience and gift vouchers and beauty and lifestyle. https://www.nucom.group/

 

The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text- based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

 

Parship Group
The Parship Group is the leading provider of online matchmaking services. The well-known international brands Parship, ElitePartner and eharmony belong to the group. All three services use scientific methods to successfully support singles in finding meaningful relationships that enrich their lives. Both Parship and eharmony are pioneers in using algorithms to create highly compatible relationships. California-based eharmony was founded in 2000 and operates in the United States, Canada, the United Kingdom and Australia. Parship invented scientific matchmaking in Europe in 2001 and today offers its service in the German-speaking world and the Benelux countries. Since 2004, ElitePartner is the premium partner agency for sophisticated singles, operating in the DACH- region. Currently, the Parship Group employs over 300 colleagues in Hamburg / Germany (headquarters), Los Angeles, London and Amsterdam.
https://www.parshipgroup.com/

 

2 Adj. EBITDA definition according to The Meet Group https://www.prosiebensat1.com/en/investor-relations/presentations-events/ma
2 Based on EUR/USD exchange rate of 1.11.
3 Based on EUR/USD exchange rate of 1.11.
4 Based on EUR/USD exchange rate of 1.11, subject to condition at closing date.

 

For more information, please click here.

09/04/2019

ProSiebenSat.1 Annual Report 2018: NuCom Group remains growth generator

ProSiebenSat.1 bundles its successful Commerce portfolio in the NuCom Group and focuses on strong consumer needs.

 

READ MORE

 

14/01/2019

NuCom Group acquires majority stake in Aroundhome (formerly Käuferportal)

• General Atlantic sells Aroundhome shares to NuCom in exchange for an additional stake in NuCom
• NuCom aims for revenues of around 1 billion euros in 2019

 

Munich/Berlin, January 14, 2019 – The ProSiebenSat.1 Group continues to expand its high-growth commerce portfolio. To this end, the NuCom Group, the commerce business of ProSiebenSat.1, is increasing its voting shares in Aroundhome from 42 percent to 94 percent. The transaction has an enterprise value of 140 million euros. Aroundhome previously operated under the name Käuferportal and was renamed on January 2, 2019.

Following the acquisition, the NuCom Group will hold a majority stake in each of its ten portfolio companies, consisting of consumer services and lifestyle brands. This marks an important strategic milestone for NuCom’s investment strategy to increase to majority shareholdings and simplify its ownership structure.
Aroundhome, founded in 2008, is Germany’s largest online broker for products and services around the house, helping millions of people to find the right local company when selecting a solar panel system, new windows or kitchen design. The company is the German equivalent to large digital US marketplaces for services, such as the ANGI Homeservice platforms HomeAdvisor and Angie’s List as well as Yelp. Aroundhome has been part of ProSiebenSat.1’s commerce portfolio since November 2016.

 

Max Conze, CEO of ProSiebenSat.1 Media SE: “With the increase in Aroundhome shares, we now hold a majority stake in all of our commerce companies. This represents a strategically important milestone. We believe that based on organic growth and our successful acquisition activities, we will increase sales this year to around 1 billion euros. By 2023, we aim to achieve revenues of 2 billion euros with the NuCom Group.”

The 52 percent stake increase is made up of voting shares* held by growth investor General Atlantic (42 percent) as well as of the founders Mario Kohle (8 percent) and Robin Behlau (2 percent). General Atlantic, which previously held 25.1 percent in the NuCom Group, exchanges its Aroundhome shares for a further interest in NuCom, now holding 28.4 percent in total. Founder Mario Kohle withdraws from the company with the sale of his shares. Robin Behlau retains 6 percent of voting shares and continues to manage the company.

 

Jörn Nikolay, Managing Director General Atlantic and Head of Munich Office: “This share exchange is a logical step in our partnership with the NuCom Group, underpinning our belief in further growth and the strength of the portfolio. We are simplifying the operational collaboration for Aroundhome while increasing our NuCom stake. At the same time, we are pleased that the founder Robin Behlau remains on board and continues to shape the development of Aroundhome.”

 

Robin Behlau, Founder and CEO of Aroundhome: “As a well-known brand, we and our suppliers will be even more trusted. The reach of ProSiebenSat.1 and the collaboration with NuCom are the essential driver for this. Anyone who thinks of main decisions around the house in the future will think of Aroundhome.”

Since 2014, Aroundhome has increased its revenues by an average of 35 percent each year. In 2018, the company brokered around-home services worth 1 billion euros and has a network of 12,000 regional companies. Aroundhome’s market potential in the DACH region amounts up to around 65** billion euros. In the coming years, the range will be expanded into further categories. Aroundhome is part of the NuCom Group’s Consumer Advice vertical, which generates annual revenues of more than 250 million euros. This segment also includes Verivox and billiger-mietwagen.de. The transaction is subject to the approval of the relevant antitrust authorities.

 

ProSiebenSat.1 Group:

ProSiebenSat.1 is the leading German entertainment player with a strong e-commerce business. We want to offer great entertainment – whenever, wherever and on any device. Every day, 45 million TV households in Germany, Austria and Switzerland enjoy our 14 free and pay TV channels. Overall, ProSiebenSat.1 generates 1 billion video views per month with its online offers. Every year, we invest more than one billion euros in 120,000 hours of programming. Successful formats like “Germany’s next Topmodel”, “The Voice of Germany”, “Grey’s Anatomy” and “Young Sheldon” as well as top-notch stars like Heidi Klum, Joko and Klaas or Dwayne Johnson belong to our family. Shows like “Bosch” and “Married at First Sight” are created within our production and distribution business Red Arrow Studios. Our global video channel network Studio71 achieves more than 100 billion video views per year and operates more than 1,300 web channels. Our NuCom Group is a growing e-commerce player with ten leading portfolio companies that offer online price comparison, gifting/events, dating and beauty, retailing with 360 million interactions a year. ProSiebenSat.1 are 6,500 passionate creators that love to entertain and delight our viewers and consumers each day.

 

General Atlantic:

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 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. General Atlantic has more than 110 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore.

 

Aroundhome:

Aroundhome is the largest broker for products and services around the home in Germany. The Berlin-based company was founded in 2008 by Robin Behlau and Mario Kohle under the name Käuferportal. Today, Aroundhome employs 500 people throughout Germany and helps millions of people to find the right specialist company nearby before buying a solar system, new windows or a kitchen. Each year the company brokers projects worth one billion euros. Behlau has been the sole CEO responsible for the operative business since 2015. Since January 2019, Aroundhome is a majority owned company of the NuCom Group, the commerce segment of ProSiebenSat.1.

 

 

*80 percent of the ordinary shares are held by the NuCom Group, 20 percent by Robin Behlau. In the event of Robin Behlau’s exit, the NuCom Group has secured a liquidity preference in the three-digit million range.

**Source: Solon, November 2018.

14/12/2018

Capital Markets Day 2018 – NuCom Group is Growth Engine of ProSiebenSat.1 Group

Capital Markets Day 2018 – NuCom Group is Growth Engine of ProSiebenSat.1 Group
The goal of NuCom Group is to further expand leading market positions of its companies and to focus the portfolio on the four areas of consumer advice, matchmaking, experience & gift vouchers as well as beauty & lifestyle. ProSiebenSat.1 puts its emphasis on both organic growth and complementary selective acquisitions and leverages the partnership with General Atlantic, especially to further enhance the operational performance of the commerce companies. At the same time, NuCom Group continues to benefit from synergies in data and technology with the ProSiebenSat.1 Entertainment business. ProSiebenSat.1 aims to more than double its commerce revenues to EUR 2 billion in the next around five years (Q3 LTM 2018: EUR 0.8 billion), driven by the core brands Verivox, Parship Elite Group, Jochen Schweizer mydays and Flaconi.

 

For more information, please click here.

30/10/2018

NuCom Group and PARSHIP ELITE Group acquire US matchmaking pioneer eharmony

  • NuCom Group and PARSHIP ELITE Group acquire all shares of US brand icon eharmony
  • Attractive opportunity due to high synergies and growth potential in combined entities
  • Entering the markets in the US, Canada and Australia
  • Establishing a globally leading matchmaking company

 

Munich/Hamburg/Los Angeles, October 29, 2018. ProSiebenSat.1 is announcing its first major transaction in the Commerce segment since partnering with General Atlantic: The NuCom Group (NCG) and its portfolio company PARSHIP ELITE Group (PEG) are acquiring 100% of eharmony. The company is considered the creator of the segment and one of the leading online matchmaking platforms in the United States. PARSHIP ELITE Group is the leading online matchmaking platform in the German-speaking and Benelux region. Since the majority acquisition, NuCom Group has supported the development of PEG into one of its most successful portfolio companies today.

 

Max Conze, CEO ProSiebenSat.1 Media SE: “Creating growth and leveraging synergies are key elements of our strategy. This acquisition is an excellent fit. Bringing these two strong brands together will immediately create a world leading online matchmaking company.”
Together with its partner General Atlantic, ProSiebenSat.1 identified the potential for the add-on acquisition of eharmony and for PEG’s expansion to the US, Canada and Australia. The US online dating market, including matchmaking as the sub-segment with the highest value per subscriber, is one of the largest globally, estimated at USD 3 billion* in size and with strong average annual growth of 11.9% from 2013 to 2018. With 87% brand awareness, eharmony is one of the best-known brands in the United States. For 2018, 2.8 million registrations are expected on the eharmony platforms worldwide.
Parship and ElitePartner, the two brands of PARSHIP ELITE Group, and eharmony are online matchmaking platforms supporting singles in finding happy, long-term relationships. Both companies apply scientific methods that are based on comprehensive questionnaires to derive the partnership typology of their members. PEG’s innovative technical setup, which has already been behind the successful integration of ElitePartner, will serve as basis for the new joint platform with eharmony. This advancement of eharmony’s technology will ensure an uplift for the customer experience and create substantial synergies. In this combined structure with PEG, eHarmony with its strong brand offers great prospects for renewed growth.
CEO Grant Langston will continue to manage the eharmony business with the PEG management joining the Supervisory Board.

 

Tim Schiffers, CEO PARSHIP ELITE Group: “eharmony has supported millions of singles in finding the right partner for a happy relationship. Parship and ElitePartner follow the same successful approach. We are extremely happy to in the future combine this matchmaking competence under one roof. We are very much looking forward to working together with Grant and his team.“

 

Grant Langston, CEO eharmony: “eharmony is thrilled to be partnering with NuCom and the PARSHIP ELITE Group. By bringing together our well-known, like-minded companies, we have the resources and shared knowledge to compete and achieve growth together in the online matchmaking market with a laser focus on creating long-lasting, meaningful relationships.”

 

The parties to the contract agreed not to disclose the details of the transaction.

 

On November 14, ProSiebenSat.1 will present the Group strategy at the Capital Markets Day which will be streamed live on the corporate website.

 

ProSiebenSat.1 Group
ProSiebenSat.1 is the leading German entertainment player with a strong e-commerce business. We want to offer great entertainment – whenever, wherever and on any device. Every day, 45 million TV households in Germany, Austria and Switzerland enjoy our 14 free and pay TV channels. Overall, ProSiebenSat.1 generates 1 billion video views per month with its online offers. Every year, we invest more than one billion euros in 120,000 hours of programming. Successful formats like “Germany’s next Topmodel”, “The Voice of Germany”, “Grey’s Anatomy” and “Young Sheldon” as well as top-notch stars like Heidi Klum, Joko and Klaas or Dwayne Johnson belong to our family. Shows like “Bosch” and “Married at First Sight” are created within our production and distribution business Red Arrow Studios. Our global video channel network Studio71 achieves more than 100 billion video views per year and operates more than 1,300 web channels. Our NuCom Group is a growing e-commerce player with ten leading portfolio companies that offer online price comparison, gifting/events, dating and beauty, retailing with 360 million interactions a year. ProSiebenSat.1 are 6,500 passionate creators that love to entertain and delight our viewers and consumers each day.

 

PARSHIP ELITE Group
The PARSHIP ELITE Group is the leading provider of online matchmaking services in Germany and Europe. The well-known international brands Parship and ElitePartner belong to the group. Both services use scientific methods to successfully support singles in finding happy long-term relationships. Currently, the PARSHIP ELITE Group employs over 230 colleagues in Hamburg (headquarters) and Amsterdam.

 

eharmony
Los Angeles, California-based eharmony helps people find meaningful relationships that enrich their lives. Founded in 2000, eharmony is a pioneer in using algorithms to create highly compatible relationships based on key dimensions of personality that predict the most compatible, highly successful, long-term relationships. eharmony operates in the United States, Canada, the United Kingdom and Australia. For more information visit www.eharmony.com or download the app available on iOS and Android.

 

* Sources: IBIS World: Dating Services in the US. US Industry Market Research Report, October 2018.

 

22/02/2018

ProSiebenSat.1 wins General Atlantic as partner for its Commerce unit NuCom Group

  • Global growth investor General Atlantic to acquire 25.1% of the shares in NuCom Group
  • The transaction is based on an enterprise value of EUR 1.8 billion
  • The partnership should accelerate the profitable growth of the Commerce business and drive further expansion
  • First joint transactions: NuCom Group acquires outstanding minority interests in Verivox, Parship Elite Group, and SilverTours GmbH (billiger-mietwagen.de)

 

Munich, February 22, 2018. ProSiebenSat.1 Group, one of the largest independent media companies in Europe, is entering a long-term partnership with General Atlantic, a leading global growth equity firm, to help drive the strategic development of its Commerce business. ProSiebenSat.1 Group formed NCG – NuCom Group on January 1, 2018, which will unite ten strategic investments from its Commerce business – including Verivox, Parship Elite Group and Jochen Schweizer mydays Group. General Atlantic’s investment will give it a 25.1 percent stake in NuCom Group, based on an enterprise value of EUR 1.8 billion.

 

NuCom Group will benefit from the broad TV reach of ProSiebenSat.1 Group and from mutual synergies – for instance, in the field of data and technology. With General Atlantic as a partner, ProSiebenSat.1 will develop NuCom Group into a leading European omnichannel platform for consumer services and lifestyle brands. The Executive Board of NuCom Group consists of Claas van Delden, Dr. Florian Tappeiner and Dr. Dirk Schmelzer.

 

This new partnership underlines the growth objectives pursued by ProSiebenSat.1 for the Commerce segment. Drawing on 37 years of experience investing in global growth companies, General Atlantic has deep expertise in the Internet & Technology sector. The two companies have already cooperated on the joint acquisition of KäuferPortal in 2016 and are now further expanding this collaboration.

 

Thomas Ebeling, CEO of ProSiebenSat.1 Media SE, says: “With General Atlantic, we have found the perfect partner for our commerce business and kicked off the expansion of our portfolio and the further acceleration of growth in this area. As I come to the end of my time at ProSiebenSat.1, this transaction is an important milestone for me.”

 

Conrad Albert, Deputy Chairman of the Executive Board of ProSiebenSat.1 Media SE and Group General Counsel: “Within six years we developed a unique portfolio of market leading companies. In 2017, theCommerce business delivered another year of growth, contributing to more than 30 percent in revenue growth. The new partnership with General Atlantic is an important anchor point for the success of our three-pillar strategy.”

 

Dr. Jan Kemper, CFO of ProSiebenSat.1 Media SE and Member of the Executive Board for Commerce: “With General Atlantic, we have found an ideal partner for NuCom Group. Together, we will drive the profitable growth of NuCom Group even further and develop the company into a leading Commerce provider in Europe. I look forward to accompanying NuCom Group on this journey.”

 

Jörn Nikolay, Managing Director and Head of General Atlantic Germany: “The impressive revenue and earnings development of NuCom Group over the past years speak to the quality of the business model. ProSiebenSat.1 has done successful pioneer work here and has built a portfolio with strong growth potential. We will bring our long-time, global expertise in the strategic development of growth companies into this partnership and will contribute to the profitable growth of NuCom Group.”

 

First joint transactions 

In a first joint transaction, NuCom Group is acquiring the shares held by Oakley Capital and other shareholders in Verivox and Parship Elite Group, whereby the share ownership increases to almost 100 percent and around 94 percent, respectively. In addition, NuCom Group is also acquiring the outstanding minority interests in SilverTours GmbH (billiger-mietwagen) and will own 100 percent of the company once the transaction is complete. With these acquisitions, ProSiebenSat.1 and General Atlantic demonstrate the strategic orientation for NuCom Group: ownership and control of the Commerce businesses will be streamlined and consolidated. The goal of NuCom is also to utilize the strength of ProSiebenSat.1 Group through the combination of reach, own data, collaborations, and various distribution channels even more for building brands.

 

The transaction with General Atlantic is subject to approval by the responsible antitrust authorities. JP Morgan acted as the financial advisor to ProSiebenSat.1. Goldman Sachs acted as the financial advisor to General Atlantic.

 

About NuCom Group 

In NuCom Group, ProSiebenSat.1 is uniting the Commerce business of the Group. The investment portfolio of NuCom Group consists of companies that are leading in their segments. These include Amorelie, billiger-mietwagen.de, Flaconi, Jochen Schweizer mydays Holding, KäuferPortal, moebel.de, Parship Elite Group, Stylight, Verivox and Windstar Medical. NuCom Group generated more than 650 million Euro revenues in 2017. Through the combination of the organic growth of the investments and other strategic acquisitions, NuCom Page Group is planning to become a leading European omnichannel platform for consumer services & lifestyle brands.

https://nucom.group/

 

About ProSiebenSat.1 

ProSiebenSat.1 Group is one of the most successful independent media companies in Europe with a strong presence in the TV and digital markets. Free TV financed by advertising is the core business of the Group. The station family comprising SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku is the Number 1 in the German audience and TV advertising markets. The Group has tapped into an additional attractive business area through the distribution of its television channels in HD quality. At the same time, the Group successfully networks the wide reach of its TV business with a strong digital unit. Already today, ProSiebenSat.1 is Germany’s leading video marketer on the Internet and with maxdome or Studio71 one of the most successful providers of digital entertainment. ProSiebenSat.1 has also built up a successful e-commerce business of digital platforms in recent years, which is now one of the Group’s most important growth drivers. This broadcasting, digital entertainment and commerce portfolio is supplemented by Red Arrow, an international production and distribution network. The headquarters of ProSiebenSat.1 are in Unterföhring near Munich. The entity was founded in October 2000 and today employs a workforce of around 6,000 people. The ProSiebenSat.1 share has been listed in the leading DAX index since March 2016.

www.prosiebensat1.com

 

About General Atlantic 

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. 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. General Atlantic has more than 110 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore.

www.generalatlantic.com

 

FORWARD LOOKING STATEMENTS 

This release contains “forward-looking statements” regarding ProSiebenSat.1 Media SE (“ProSiebenSat.1”) or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1’s or ProSiebenSat.1 Group’s financial position, business strategy, plans and objectives of management and future operations. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of ProSiebenSat.1 or ProSiebenSat.1 Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct.

 

No representation or warranty, expressed or implied, is made by ProSiebenSat.1 with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this presentation is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning ProSiebenSat.1 or ProSiebenSat.1 Group. ProSiebenSat.1 undertakes no obligation to publicly update or revise any forward-looking statements or other information stated herein, whether as a result of new information, future events or otherwise.

 

Contact ProSiebenSat.1 – NuCom Group

Stefanie Rupp-Menedetter

Group Spokeswoman

Phone: +49 [89] 95 07-2598

E-mail:  Stefanie.Rupp@ProSiebenSat1.com

 

Marcus Prosch

Head of Communication Sales & Digital

Phone: +49 [89] 95 07-8920

E-mail: Marcus.Prosch@ProSiebenSat1.com

 

Contact General Atlantic 

Susanne Jahrreiss

Perfect Game Communications for General Atlantic

Tel.: +49 (0) 89 30 90 52 95-0

E-Mail: sja@perfect-game.de

 

Erin Smith

Edelman for General Atlantic

Tel.: +1-646-558-2751

Email: media@generalatlantic.com

06/12/2017

Capital Markets Day 2017: ProSiebenSat.1 announces Group setup with three-pillar strategy

  • Group continues successful diversification strategy and will organize its business in the three areas of “Entertainment”, “Content Production & Global Sales” and “Commerce”
  • TV business strengthened through synergies with digital entertainment: cost savings of over EUR 50 million planned by 2019/2020
  • Potential co-investors in areas of Content Production and Commerce
  • Outlook for full year 2017 confirmed
  • New mid-term financial targets based on revenue growth and profitability: revenue growth of more than EUR 1 billion by 2022 compared to 2017
  • Group continues attractive dividend policy with a payout ratio of 80% to 90%

 

Munich, December 6, 2017. ProSiebenSat.1 Group will continue its successful diversification strategy and now realizes over 50% of its revenues outside the traditional TV advertising business. To further accelerate this successful transformation, the Group will, as of January 2018, have a new organizational setup with the three business areas of Entertainment, Content Production & Global Sales and Commerce. The aim is to adapt the Group to the dynamically changing environment and to secure further sustainable, profitable growth. By combining the linear TV business with the Digital Entertainment division, ProSiebenSat.1 is able to provide increasingly platform-independent offers and universal marketing of programming content, thus achieving additional synergies in this area. In the process of this new setup, the Group wants to achieve a net savings potential of over EUR 50 million by 2019/2020. Including further investments in program and in areas such as AdTech and Data, this will lead to an improved cost development in the Entertainment segment.

 

Thomas Ebeling, CEO of ProSiebenSat.1 Media SE, said: “ProSiebenSat.1’s growth story has been uninterrupted for 32 consecutive quarters. We are one of the most profitable media companies in Europe and with revenues in the digital business areas exceeding EUR 1 billion, we have also become a relevant player in this field. All this was only possible because we have been systematically driving the transformation and diversification of the Company since 2009. With the three-pillar strategy, we are setting ProSiebenSat.1 up competitively for the future, strengthening the Group for further growth and creating additional value for employees and shareholders. Our management team and Supervisory Board have jointly developed this strategy in the last months. I am convinced that ProSiebenSat.1 will continue its sustainable success in the future with this new structure.”

 

Entertainment 

In the Entertainment business, the areas of TV Broadcasting, Distribution, Advertising Platform Solutions (AdTech), SevenVentures and Digital Platforms (e.g. maxdome, 7TV app) will be combined. Thus, ProSiebenSat.1 will be able to offer its viewers even better all the Group’s entertainment content across all its media platforms. At the same time, the Company is increasingly investing in the growth areas of Addressable TV, AdTech and Data in order to access additional revenues in the advertising market through innovative, data-driven offerings. The Group also sees potential for value creation in Europe via partnerships within the European Media Alliance, in which twelve media companies from all over Europe are already working together.

 

Content Production & Global Sales 

ProSiebenSat.1 is bringing together the Red Arrow Entertainment Group with the multi-channel network (MCN) Studio71 under the name Red Arrow Studios and is integrating digital video offers into the traditional production business as well as into its international distribution networks. Via Studio71, the production business thus gains direct access to a new talent pool and other growing digital channels. In this way, the Content Production business addresses the increasing demand for content on all platforms, branded content and influencer marketing. The Company will make optimal use of the synergies between the 21 production companies, the distributors Red Arrow Studios International and Gravitas Ventures, as well as Studio71, one of the leading MCNs with 8 billion video views per month. ProSiebenSat.1 is also examining a further acceleration of growth for Red Arrow Studios through cooperation with and co-investments by partners.

 

Commerce 

In the Commerce business, ProSiebenSat.1 will operate as NCG – NUCOM GROUP and will bundle its subsidiaries in four categories: Home Services & Mobility (Verivox, billiger-mietwagen.de, Käuferportal), Leisure & Relationships (mydays/Jochen Schweizer, Parship Elite Group, Amorelie), Health & Beauty (Flaconi, Windstar Medical) and Style (moebel.de, Stylight). For the online travel business with package tours (weg.de/tropo) remaining after the sale of etraveli, ProSiebenSat.1 is continuing its review process for a potential sale.

Currently, ProSiebenSat.1 is in talks with potential partners regarding a minority investment in the NCG – NUCOM GROUP. The objective is to expand the portfolio and to further accelerate growth in the commerce area. It is expected that the talks relating to potential partnerships will be concluded in the course of the second quarter of 2018.

 

Acquisitions remain a key driver for further profitable growth 

The successful acquisition strategy of ProSiebenSat.1 creates value and has significantly contributed to the development of the Group over the last few years. This is shown by the unchanged attractive return on the capital invested in the existing M&A portfolio as well as by the successful sale of the online travel agency etraveli.

Dr. Jan Kemper, CFO of ProSiebenSat.1 Media SE, said: “We will continue to successfully invest especially in commerce companies in the future and open up new customer groups for them through our cross-media distribution possibilities.

We have a proven track record for many years that we can successfully create additional value for the Group besides the traditional media business.”

 

Outlook for 2017 and dividend policy confirmed 

ProSiebenSat.1 is confirming its outlook for the 2017 financial year and continues to anticipate Group revenues to grow by a mid-single digit percentage range. The Group continues to expect adjusted EBITDA and adjusted net income to slightly exceed the previous year’s level, respectively. The Group is also maintaining its dividend policy with a dividend payout ratio of 80% to 90% of underlying net income.

 

New medium-term growth targets 

Additionally, ProSiebenSat.1 is transferring its existing financial targets for 2018 into new medium-term target ranges for both revenue growth and margins. The Company anticipates to continue profitable growth in the future and aims at a medium-term revenue increase in the mid-single digit percentage range. Based on these growth assumptions, ProSiebenSat.1 also expects to achieve revenue growth of more than EUR 1 billion by 2022 compared to 2017. It is expected that future larger bolt-on acquisitions would additionally raise the planned revenue growth. At the same time, the Group anticipates in the medium term a further increase of operating earnings and a profitability in the mid 20 percent range based on the adjusted EBITDA.

 

Pro forma revenues1)

Q3 2017 (last 12

months) in EUR m

Medium-term

growth range

Medium-term

adj. EBITDA

margin range

Entertainment 2,686 +0-5% 30-35%
Content Production &

Global Sales

570 +5-10% 5-10%
Commerce 707 +10-15% 15-20%
ProSiebenSat.1 Group 3,963

mid-single digit

percentage range

mid 20 percent

range

1) Pro-forma revenues including the acquisitions of ATV, Gravitas Ventures and Jochen Schweizer, less the sold company etraveli.

News

ProSiebenSat.1 sells WindStar Medical to Oakley Capital and increases enterprise value by 2.4x

Transaction is further proof of ProSiebenSat.1’s successful strategy to establish market leaders in the B2C sector by leveraging media capabilities and thus create value for the Group WindStar Medical’s enterprise value amounts to EUR 280 million, which corresponds to an adjusted EBITDA multiple of 13.6x     Unterföhring/Wehrheim, October 22, 2020: ProSiebenSat.1 subsidiary NuCom Group, […]

Parship Group closes The Meet Group acquisition to form a leading online dating platform with ParshipMeet Group

ProSiebenSat.1’s and General Atlantic’s Parship Group completes acquisition of The Meet Group to form Germany’s next unicorn.

ProSiebenSat.1 and General Atlantic team up to acquire The Meet Group

Vision of creating leading global player in the online dating segment by combining NuCom’s Parship Group with The Meet Group

ProSiebenSat.1 Annual Report 2018: NuCom Group remains growth generator

ProSiebenSat.1 bundles its successful Commerce portfolio in the NuCom Group and focuses on strong consumer needs.

NuCom Group acquires majority stake in Aroundhome (formerly Käuferportal)

General Atlantic sells Aroundhome shares to NuCom in exchange for an additional stake in NuCom.

Capital Markets Day 2018 – NuCom Group is Growth Engine of ProSiebenSat.1 Group

NuCom Group aims to more than double its revenues to EUR 2 billion in the next around five years.

NuCom Group and PARSHIP ELITE Group acquire US matchmaking pioneer eharmony

The NuCom Group (NCG) and its portfolio company PARSHIP ELITE Group (PEG) are acquiring 100% of eharmony.

ProSiebenSat.1 wins General Atlantic as partner for its Commerce unit NuCom Group

ProSiebenSat.1 Group is entering a long-term partnership with General Atlantic, a leading global growth equity firm, to help drive the strategic development of its Commerce business.

Capital Markets Day 2017: ProSiebenSat.1 announces Group setup with three-pillar strategy

ProSiebenSat.1 Group will continue its successful diversification strategy and now realizes over 50% of its revenues outside the traditional TV advertising business.

Your career

We create valuable impact for our portfolio companies with our passionate, energetic, and collaborative team. Become part of our exceptional team at NUCOM GROUP to drive the development of our portfolio. For vacancies within our portfolio companies, please visit the career website of our companies via the links provided.

Please choose your company: