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Parship Elite Group

Parship Elite Group is the #1 online matchmaking platform in the German-speaking region

Parship was founded in 2001 and is a leading online matchmaking service in the German-speaking world. The Parship principle is to apply a scientific method to allow singles to search for a serious relationship with the best possible chances of success. Parship offers its services in 13 countries.

Following the acquisition of Parship, we signed a transformational deal to acquire ElitePartner, just 6 weeks after the original deal, and combined the two businesses to form Parship Elite Group – the premier matchmaking brand in Europe. Under our ownership, €7.0m of synergies were delivered, with the implementation of a common technical platform in under 12 months.

The business demonstrated strong organic growth, with EBITDA increasing 43% CAGR from 2015 to 2017. In addition, we worked closely with management and partnered with ProSiebenSat.1, to introduce a revised brand media strategy, which captured an increasing share of the growing market.

In 2018, Oakley sold Parship Elite Group to Nucom Group, to ProSiebenSat.1’s Commerce Unit, achieving returns of 4.7x and 118% IRR.

Parship Elite Group
Sector
Consumer
Location
Germany
Status
Realised
Status
Fund II
Investment Year
2015
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