ParshipMeet Group Information, Statistics, Facts and History

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ParshipMeet Group History Summary

The ParshipMeet Group originally started as just a dating site called Parship and was launched in 2001 in Hamburg Germany to service German speaking singles. Parship experienced success almost right away thanks to using the scientific method to help singles search for a serious relationship. Psychologist Professor Hugo Schmale of the University of Hamburg developed Parship's compatibility test and matching system. By 2002 Parship became international and began accepting members from other countries. In 2005 gayParship launched. Both dating sites as of 2020 are active in 13 countries in addition to Germany: Belgium, Denmark, France, UK, Ireland, Italy, The Netherlands, Norway, Austria, Sweden, Switzerland, Spain, and Mexico.

At some point in the 2000's Parship was acquired by Georg von Holtzbrinck Publishing Group. Early in 2015 the Parship dating service was then acquired by Oakley Capital Private Equity who also later that same year acquired ElitePartner. Soon after the two businesses where combined to form Parship Elite Group to bring online dating to all of Europe.

In 2018 Parship Elite Group purchased eHarmony and soon after changed their name to Parship Group to better reflect their portfolio of dating services.

In 2020 after purchasing The Meet Group, The Parship Group was renamed to ParshipMeet Group.

ParshipMeet Group Facts By Year

2021

• General Information
  • The Parship Group was renamed to the ParshipMeet Group soon after the purchase of The Meet Group. [1]
• Finances
  • ParshipMeet is 43 percent owned by General Atlantic and 53 percent by German broadcaster ProSiebenSat.1 Media. [1]
  • ParshipMeet Group has started preparations for its initial public offering. The ParshipMeet Group’s IPO is scheduled for the first half of 2022. [1]
  • ParshipMeet is estimated to be worth upward of $4.1 billion, based on its core earnings, and the company reported revenues of 280 million euros for the first half of the year, up 19%. [1]

References

1. ParshipMeet Group to Launch IPO

2020

• General Information
  • The Parship Group employees over 300 people (from IT to product management). [1]
  • The Parship Group headquarters are located in Hamburg, Germany. Other offices are based in Los Angeles, London and Amsterdam. [1]

References

1. [article:https://www.parshipgroup.com/en/ nofollow:1 title:Parship Group]

2018

• Finances
  • Parship Elite Group acquires eHarmony. Details of the transaction was not disclosed. [1]
  • Oakley sells Parship Elite Group to Nucom Group getting a 4.7 times return on their investment. [2]

References

1. eHarmony Acquired By German Broadcaster ProSiebenSat.1
2. Oakley Capital Parship Elite Group Portfolio

2015

• General Information
  • ElitePartner services the German-speaking region of Europe. It was launched in Germany in 2004 and quickly expanded to Austria and Switzerland in 2005. [1]
  • The separate businesses of Parship and ElitePartner are combined to form Parship Elite Group. This would allow the businesses to share technology and create a brand media strategy for Europe. [2]
• Finances
  • Early in 2015 Oakley Capital Private Equity acquired the dating service Parship for an undisclosed sum. [1]
  • In November Oakley Capital Private Equity completed the acquisition of Elitemedianet GmbH (owner of the online dating service ElitePartner). [1]
  • For the financial year ending in 2014, EliteMedianet generated revenue of about EUR 28 million. [1]

References

1. Oakley completes acquisition of ElitePartner
2. Oakley Capital Parship Elite Group Portfolio

2012

• General Information
  • Parship has 150 employees. [1]
  • 38% of premium members have found a partner by using Parship. [1]

References

1. The PARSHIP Quality Promise

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