STYLIGHT STRENGTHENS MANAGEMENT WITH NEW CHIEF REVENUE OFFICER AND CHIEF PRODUCT OFFICER

Stylight stärkt Geschäftsleitung mit neuem Chief Revenue Officer und Chief Product Officer

  • Die Ernennung von Teresa Lopez und Damien Verichon stärkt Stylights Mission, nationale wie internationale Retailer und Marken durch qualifizierte Online-Käufer beim Wachstum zu unterstützen.

Stylight, die Münchner Online-Suchplattform für Fashion, Beauty und Interior, auf die jährlich mehr als 120 Millionen Nutzer in 16 Märkten zugreifen, hat Teresa Lopez zum CRO (Chief Revenue Officer) und Damien Verichon zum CPO (Chief Product Officer) ernannt. In ihrer neuen Rolle als CRO ist Teresa Lopez verantwortlich für die Bereiche Vertrieb, Advertising sowie Marketing, während Damien Verichon die Verantwortung für die Produkt-Organisation übernimmt, um das Angebot an innovativen und maßgeschneiderten Lösungen für den Produkt-Feed sowie die richtigen Conversions für Stylights Marketing-Kunden auszubauen.

Julian von Eckartsberg, CEO von Stylight:

Julian von Eckartsberg, CEO von Stylight:

Bei Stylight stehen die Kunden an erster Stelle. Dieser Fokus in der Produktentwicklung sowie unseren Vertriebs- und Marketingaktivitäten war der Schlüssel dafür, dass wir das vergangene Jahr so erfolgreich abschließen und ebenso fokussiert ins Jahr 2021 starten konnten. Mit dem neuen Setup in der Geschäftsführung sind wir nun bestens für unsere ehrgeizigen Wachstumsziele aufgestellt und ich sehe mit Stolz, wie Teresa und Damien ihre neuen Aufgaben übernehmen.

Teresa Lopez (36) ist seit 2013 Teil des Stylight-Teams und arbeitet seither an der internationalen Expansion von Stylight. Seit 2014 hat sie beispielsweise von New York aus den Eintritt in den amerikanischen und nun mehr für das Unternehmen zweitgrößten Markt verantwortet.

Teresa Lopez, CRO von Stylight:

Teresa Lopez, CRO von Stylight:

Seit der COVID-19-Pandemie haben sich die Kundenbedürfnisse sowie das Shoppingverhalten verändert: Die Nachfrage nach Online-Angeboten ist extrem gewachsen – auch auf Seiten der Einzelhändler sowie Retailer. Ich freue mich sehr über die neuen Aufgaben und bin sicher, dass wir unseren Partnershops mit Hilfe unserer Vertriebs- und Marketingexpertise in genau diesem Bereich helfen können, ihre Ziele zu erreichen.

Damien Verichon (35) arbeitet seit 2012 bei Stylight in den Bereichen der Kunden- und Produktentwicklung.

Damien Verichon, CPO von Stylight:

Damien Verichon, CPO von Stylight:

Ich bin sehr stolz, in meiner neuen Rolle die Verantwortung für die gesamte Produktentwicklung zu übernehmen. Heute haben Online-Shops mehr denn je unterschiedlichste Ziele von mehr Traffic über bessere Conversion bis zu höheren Verkaufszahlen, um sich vom Wettbewerb abzuheben. Wir müssen deshalb maßgeschneiderte Lösungen für diese Ziele bieten.

Stylight hat das Jahr 2020 mit einem durchschnittlich Plus von 32 Prozent im Bereich Partnershop-Absatz abgeschlossen und ist ebenso dynamisch in das Jahr 2021 gestartet. Vor dem Hintergrund der langfristigen Verschiebung des Konsumentenverhaltens in Richtung Online-Shopping, steht der Ausbau des Online-Geschäfts für viele Marken und Retailer an erster Stelle. Das Ziel von Stylight ist es entsprechend, verstärkt auch kleine und mittelständige Unternehmen bei ihrem Weg zum digitalen Wachstum zu unterstützen.

Über Stylight

Stylight ist die weltweit führende Such-Plattform für Mode, Beauty und Interior mit über 1.500 Shops in 16 verschiedenen Ländern. Die Plattform wird jedes Jahr von 120 Millionen Nutzern besucht. Seit Juli 2016 ist Stylight eine 100%ige Beteiligung von ProSiebenSat.1 und seit Januar 2018 im Portfolio der NuCom Group. Stylight hat seinen Hauptsitz in München sowie einen weiteren Sitz in Philadelphia (USA). Weitere Informationen finden Sie unter: www.stylight.de

Managementwechsel bei Aroundhome: Moritz Kothe wird CEO, Robin Behlau wechselt in den Beirat

Moritz Kothe (41) wird neuer CEO bei Aroundhome, Deutschlands größtem Vermittler für Produkte und Dienstleistungen rund ums Haus. Das Unternehmen ist seit 2016 Teil der NuCom Group. Der gebürtige Hamburger Kothe übernimmt die Position ab dem 1. Februar 2021 und wird die Firma bis zum 1. April 2021 zusammen mit dem Gründer und bisherigen CEO Robin Behlau führen. Im Anschluss wird Kothe Aroundhome als alleiniger CEO leiten, während Behlau zum 1. April 2021 in den Beirat wechselt und das Unternehmen in dieser Funktion weiterhin begleiten wird.

Bis Ende Januar ist Moritz Kothe noch in seiner Funktion als CEO der Arbeitgeber-Bewertungsplattform kununu tätig. Unter seiner Führung entwickelte sich das Unternehmen zu dem führenden Anbieter von Workplace Insights in Europa. Heute wird kununu von jedem zweiten Jobsuchenden im deutschsprachigen Raum genutzt. Zuvor war Kothe unter anderem für die Berufsnetzwerk-Plattform Xing und den deutschen Retailer Tchibo in führenden Positionen tätig.

Florian Tappeiner, Co-CEO der NuCom-Group:

Florian Tappeiner, Co-CEO der NuCom-Group:

Mit Moritz haben wir einen hervorragenden Nachfolger für Robin gefunden. Moritz hat bei kununu bewiesen, zu welchen unternehmerischen Leistungen er fähig ist. Ich freue mich daher sehr, dass wir Moritz für Aroundhome gewinnen konnten. Gleichzeitig möchte ich mich herzlich bei Robin bedanken. Er hat Aroundhome in den vergangenen zwölf Jahren zu einer Plattform aufgebaut, über die jedes Jahr Aufträge im Wert von über einer Milliarde Euro vermittelt werden. Umso mehr schätzen wir es daher, dass Robin dem Unternehmen in seiner Funktion als Beirat erhalten bleibt.

Moritz Kothe, CEO von Aroundhome ab 1. Februar 2021:

Moritz Kothe, CEO von Aroundhome ab 1. Februar 2021:

Ich blicke voller Begeisterung und Motivation auf meinen Start im Februar und die Zusammenarbeit mit den neuen Kollegen. Aroundhome ist in einem spannenden Marktumfeld tätig, das sich im ständigen Wandel befindet und noch extrem viel Potenzial für weiteres Wachstum bietet. Ich freue mich, die Zukunft von Aroundhome mitgestalten zu können und Teil dieses einzigartigen Teams zu werden.

Aroundhome wurde 2008 von Robin Behlau und Mario Kohle unter dem Namen Käuferportal gegründet. Heute unterstützt das Berliner Unternehmen Millionen Menschen vor dem Kauf einer Solaranlage, neuer Fenster oder einer Küche, genau die richtige Fachfirma in ihrer Nähe zu finden. Aktuell arbeitet Aroundhome mit über 16.000 Partnerfirmen zusammen, mehr als 50 Produkte und Dienstleistungen rund ums Haus werden deutschlandweit vermittelt.

Robin Behlau, CEO von Aroundhome:

Robin Behlau, CEO von Aroundhome:

Aroundhome ist in den vergangenen Jahren stark gewachsen und zur ersten Anlaufstelle für Produkte und Dienstleistungen rund ums Haus geworden. Jetzt wird es Zeit, dass wir ein neues Kapitel für das Unternehmen aufschlagen: Mit Moritz haben wir die ideale Person gefunden und ich bin überzeugt, dass er die Erfolgsgeschichte von Aroundhome fortführen wird. Ich freue mich auf meine neue Rolle als Beiratsmitglied und dass ich dem Unternehmen so weiterhin mit Rat und Tat zur Seite stehen kann.

Philip Rooke (52) will become the new CEO of Jochen Schweizer mydays Group, the leading German experience platform, and a portfolio company of NuCom Group and Jochen Schweizer Beteiligungs GmbH. As of 01.04.2021, the e-commerce leader will take over from
Fabian Stich (40), who has decided to leave Jochen Schweizer mydays after nearly eight years in the experience industry to pursue new career opportunities.

Philip Rooke has more than 25 years’ experience in the consumer internet industry, and has been CEO of the Leipzig based mass customization apparel platform business Spread Group since 2011. Under Philip Rooke’s leadership, Spread Group developed from a start-up to a highly profitable international player: The group increased sales by 600 percent, expanded beyond its flagship brand Spreadshirt to include four other brands and is now active in 18 markets with 900 employees. Prior to the Spread Group, Mr. Rooke served in senior management positions at several distinguished online businesses such as Skinstore, Tesco and iVillage.

Claas van Delden, Co-CEO of NuCom Group SE:

Claas van Delden, Co-CEO of NuCom Group SE:

I would like to thank Fabian Stich for his outstanding performance at Jochen Schweizer mydays. Over the last eight years, together with his team, he has delivered consistent growth throughout the group both organically and inorganically, and has steered the company safely during the challenging period of the COVID-19 pandemic. Fabian leaves a company that finds itself in good shape to continue this strong growth and we wish Fabian all the best for the future. Philip Rooke will serve as a great successor to begin the next chapter of Jochen Schweizer mydays’ growth in becoming one of the leading experience platforms in Europe. The company and the entire Jochen Schweizer mydays team will benefit from his extensive experience in the consumer-internet sector, expertise on mobile development and internationalization skills.

Jochen Schweizer, CEO of Jochen Schweizer Beteiligungs GmbH and Shareholder of Jochen Schweizer mydays Group:

Jochen Schweizer, CEO of Jochen Schweizer Beteiligungs GmbH and Shareholder of Jochen Schweizer mydays Group:

I would like to thank Fabian and wish him all the best for his future. I am excited, that with Philip Rooke we found a great successor who will further develop the excellent performance and internationalization of the Jochen Schweizer mydays group.

Philip Rooke, CEO of Jochen Schweizer mydays Group as of 01.04.2021:

Philip Rooke, CEO of Jochen Schweizer mydays Group as of 01.04.2021:

I am honored by the opportunity to join the Jochen Schweizer mydays Group. It is a very exciting business that is well positioned to expand its services to customers and experience providers. I look forward to getting started and working alongside the talented team to drive further growth for the company in its existing and forthcoming international markets.

Fabian Stich, CEO Jochen Schweizer mydays Group:

Fabian Stich, CEO Jochen Schweizer mydays Group:

Jochen Schweizer mydays is a great company and I am very proud to have been part of the team and to accompany the group on its fantastic journey over the last eight years. My decision to leave the company was not an easy one to make, but I am ready for a new chapter in my career. With Philip Rooke and the management team, the company is in good hands to continue its success story in becoming the leading European experience platform. I would like to say a huge thank you for the incredible years I have spent working with such a fantastic team and wish everyone all the best for the future.

  • 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:

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

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:

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:

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:

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’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 c. EUR 451 million and pro-forma LTM adjusted EBITDA of c. EUR 95 million as of H1 2020[1] 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, September 4, 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 newly-minted 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.

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 c. 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, ProSiebenSat.1 creates various upside opportunities and synergies within the Group and secures a stronger presence in Europe and North America. Economically, ProSiebenSat.1 owns 53% (plus EUR 350 million preferred equity) and General Atlantic 43% in ParshipMeet Group. The remainder is held by management. 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:

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 and subsequent integration of US matchmaking pioneer 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:

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 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 c. 28% year-on-year pro-forma revenue growth and c. 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-Platform-as-a-Service) solution to enable other companies to implement live video streaming features into their offerings.

Tim Schiffers, CEO, ParshipMeet Group:

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:

Geoff Cook, CEO of The Meet Group and General Manager Video of ParshipMeet Group:

We are thrilled to combine with a globally 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).

[1] LTM revenues and EBITDA per June 30, 2020. The Meet Group’s pro-forma adjusted EBITDA included in the above deducts 80% of the expenses for stock-based compensation from The Meet Group’s management adjusted EBITDA. USD numbers converted at 1.12 for 2019, 1.14 for H1 2019 and 1.12 for H1 2020.
[2] The Meet Group’s pro-forma adjusted EBITDA included in the above deducts 80% of the expenses for stock-based compensation from The Meet Group’s management adjusted EBITDA. USD numbers converted at 1.12 for 2019, 1.14 for H1 2019 and 1.12 for H1 2020.
[3] The Meet Group’s pro-forma adjusted EBITDA included in the above deducts 80% of the expenses for stock-based compensation from The Meet Group’s management adjusted EBITDA. USD numbers converted at 1.12 for 2019, 1.14 for H1 2019 and 1.12 for H1 2020.

flaconi wächst weiter und verstärkt Geschäftsführung mit Christoph Honnefelder

flaconi konnte seine Marktposition im Online Beauty Handel im ersten Halbjahr 2020 weiter ausbauen. Auf seinem Weg zur No. 1 Online Beauty Destination in Europa wächst das deutsche E-Commerce-Unternehmen weiter stark im In- und Ausland. Um den Expansionskurs weiter zu beschleunigen, verstärkt flaconi ab dem 15. August 2020 mit Christoph Honnefelder (44) seine Geschäftsführung. Der Rheinländer wird Chief Commercial Officer (CCO) und Sprecher der Geschäftsführung. Gemeinsam mit Dr. Steffen Christ (COO), Benjamin Ludigs (CRO) und Kathrin Nusser (CFO) bildet er die neue Führungsspitze bei flaconi.

Branchen-Expertise mit Beauty Know-how

Christoph Honnefelder, der von der amerikanischen Beauty Marke Kylie Cosmetics von Kylie Jenner kommt, war davor vier Jahre als Executive Vice President beim Beauty-Einzelhändler Douglas für das Sortiment und den Einkauf verantwortlich. Darüber hinaus hielt er über gut neun Jahre verschiedene Führungspositionen bei Tchibo inne. Christoph Honnefelder begann seine Karriere bei The Boston Consulting Group, wo er Projektleiter war. Er ist Diplom-Kaufmann und hat an der Universität Passau und der London School of Economics (LSE) studiert, sowie verschiedene Executive Education Programme an der Harvard Business School und der Hochschule St. Gallen absolviert.

Management Team soll Wachstum weiter vorantreiben

Florian Tappeiner, Co-CEO der NUCOM GROUP:

Florian Tappeiner, Co-CEO der NUCOM GROUP:

“Das bestehende Management Team leistet exzellente Arbeit und hat die Erfolgsgeschichte von flaconi maßgeblich geprägt. Um den Brand Relations Bereich weiter zu verstärken und die Internationalisierung unter anderem auch durch M&A weiter voran zu treiben, freue ich mich, dass wir mit Christoph Honnefelder einen erfahrenen Experten für diese Aufgaben gewinnen konnten. Mit seiner Branchen-Expertise und seinem Netzwerk ergänzt er das Management Team perfekt. So ist flaconi bestens für das weitere Wachstum aufgestellt.“

flaconi ist der größte Online Pure Player für Beauty-Produkte in Deutschland. Das umfassende Portfolio des Onlineshops besteht aus über 850 internationalen Marken und 45.000 Produkten. Mit den Kategorien Parfum, Pflege, Make-up, Haarpflege und Accessoires deckt flaconi, von Drogerie über Naturkosmetik bis Premium, alle Produktsegmente ab. flaconi wurde 2011 gegründet und beschäftigt an seinem Hauptsitz in Berlin-Charlottenburg und in seinem Logistikzentrum am Rand von Berlin über 450 Mitarbeiter. Mit dem Flaconi Concept Store im historischen Tuteur Haus in Berlin-Mitte ist flaconi auch im stationären Handel vertreten und bietet seinen Kunden ein erlesenes Sortiment an Nischen- und Premiummarken sowie einen integrierten Friseursalon. Der Onlineshop wurde mit zahlreichen Awards ausgezeichnet und ist neben Deutschland auch in Österreich und Polen vertreten.

  • 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 thecompany at approximately $500m enterprise value
  • Acquisition multiples for The Meet Group: EV/LTM Sales 2.4x, EV/LTMAdj. EBITDA 12.8x / incl. full run rate synergies <10x (1)
  • Acquisition to be adj. net income accretive for ProSiebenSat.1 in firstyear (pro forma 2020E)
  • ProSiebenSat.1 committed to its financial leverage target range of1.5x-2.5x
  • Transaction expected to close in the second half of 2020
  • After the successful closing, Parship Group will cover the completespectrum 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 segments
After 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:

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 highquality 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:

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:

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:

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 209m (2)) and $306m (EUR 276m (3)),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 209m (4) 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. 

(1) 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.

Flaconi etabliert Beirat aus Branchen-Experten

  • Flaconi Chief-Commercial-Officer Thomas Faschian wechselt in neu geschaffenen Beirat

Flaconi wird künftig von einem Beirat bestehend aus Top-Managern und Branchen-Experten unterstützt. Das Gremium wird dem Unternehmen bei den Themen Industrie-Relations, Einkauf, Vertrieb, E-Commerce und Internationalisierung beratend zur Seite stehen. Im Zuge dessen wechselt Thomas Faschian, seit 2016 CCO von Flaconi, zum 1.6.2020 in den neuen Beirat.

Branchen Know-how für den Flaconi-Beirat

Darüber hinaus ergänzen zwei weitere Top-Manager den Flaconi-Beirat ab Februar 2020: Olaf Schepers, Mitglied der Geschäftsführung des Uhren- und Schmuckhändlers Christ, wird Flaconi ab Februar 2020 mit seiner umfassenden Handelserfahrung, vor allem in den Bereichen Einkauf und Vertrieb, beraten. Die Retail- und E-Commerce-Expertin Delphine Mousseau mit über 20 Jahren Erfahrung in der Fashion-Branche, gehört ab Februar ebenfalls zum Flaconi-Beirat. In dieser Funktion unterstützt sie das Unternehmen beim digitalen Wachstum sowie bei der Internationalisierung.

Wechsel in der Flaconi-Geschäftsführung

Thomas Faschian zieht sich zu Ende Mai 2020 aus dem operativen Tagesgeschäft in seiner Funktion als Chief Commercial Officer und Teil der Geschäftsführung von Flaconi zurück. “Nach fast 25 Jahren in der Beauty-Industrie habe ich mich entschlossen, neue berufliche Herausforderungen anzunehmen”, erklärt Faschian. Seine Geschäftsbereiche übergibt er in den kommenden Wochen an Dr. Steffen Christ (COO), Benjamin Ludigs (CRO) und Kathrin Nusser (CFO). Über seine Beiratsfunktion wird Flaconi weiterhin von Thomas Faschians Erfahrung und Kontakten in der Beauty-Industrie profitieren.

Faschian trat 2016 in die Geschäftsführung von Flaconi ein. Florian Tappeiner, Co-CEO der NUCOM GROUP: “Mit seiner langjährigen Erfahrung in der Kosmetikbranche und intensiven Kontakten zu Herstellern hat Thomas die Entwicklung von Flaconi vom Beauty-Start-up zum größten Online Beauty Pure Player in Deutschland maßgeblich vorangetrieben. Umso mehr freut es mich, dass uns seine Expertise über den Beirat erhalten bleibt. Zusammen mit dem Management und seinen Beiratskollegen Olaf Schepers sowie Delphine Mousseau wird er die Erfolgsgeschichte von Flaconi weiterhin mit vorantreiben.“

Thomas Faschian ist seit mehr als 25 Jahren in der Kosmetikbranche tätig. Seine erste Station war von 1996 bis 2006 bei L’Oréal Deutschland, wo er unter anderem Geschäftsführer der Kosmetik- und Körperpflegemarke La Roche-Posay war. Danach war er als geschäftsführender Direktor bei Estée Lauder Companies für die internationalen Luxusmarken La Mer, Bobbi Brown und Jo Malone verantwortlich. Bevor er 2016 als CCO die Geschäftsführung von Flaconi übernahm, verantwortete er als Division Sales Manager bei L’Oréal Deutschland am Standort Düsseldorf die Apothekenmarken Vichy, La Roche-Posay, SkinCeuticals und Roger & Gallet.

Olaf Schepers ist Teil der Geschäftsführung des Uhren- und Schmuckhändlers Christ und verantwortet neben dem Vertrieb die Entwicklung neuer Marken und Sortimente. Er verfügt über umfassende Handelserfahrung in den Funktionen Einkauf und Vertrieb. Zuvor war er bei der Parfümerie Douglas als Geschäftsführer für den deutschen Einkauf verantwortlich. In dieser Funktion hat er die Sortimentsentwicklung und das Lieferantenmanagement des Unternehmens maßgeblich vorangetrieben. Von 2008 bis 2014 führte Schepers bei Galeria Kaufhof als Einkaufsleitung die Bereiche Beauty, Accessoires und Spielwaren.

Delphine Mousseau ist Expertin für Retail und E-Commerce und bereits seit über 20 Jahren in der Fashion-Branche tätig. Auf ihrem Weg durch die Retailwelt war sie u.a. als Director E-Commerce Europe bei Tommy Hilfiger und als Vice President Markets bei Zalando tätig. Neben ihrer Tätigkeit als Flaconi-Beiratsmitglied arbeit sie auch als Independent Director für den französischen Retail-Konzern Fnac Darty sowie als Speakerin und Beraterin.

Über Flaconi Flaconi ist der größte Online Pure Player für Beauty-Produkte in Deutschland. Das umfassende Portfolio des Onlineshops besteht aus über 720 internationalen Marken und 45.000 Produkten. Mit den Kategorien Parfum, Pflege, Make-up, Haarpflege und Accessoires deckt Flaconi, von Drogerie über Naturkosmetik bis Premium, alle Produktsegmente ab. Flaconi wurde 2011 gegründet und beschäftigt an seinem Hauptsitz in Berlin-Charlottenburg und in seinem Logistikzentrum am Rand von Berlin über 450 Mitarbeiter. Mit dem Flaconi Concept Store im historischen Tuteur Haus in Berlin-Mitte ist Flaconi auch im stationären Handel vertreten und bietet seinen Kunden ein erlesenes Sortiment an Nischen- und Premiummarken sowie einen integrierten Friseursalon. Der Onlineshop wurde mit zahlreichen Awards ausgezeichnet und ist neben Deutschland auch in Österreich und Polen vertreten.

  • 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:

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:

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

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.

  • 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:

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:

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:

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.