Taylor Wessing has advised TOMORROW FOCUS AG on the sale of EliteMedianet GmbH, the operator of the dating agency portal ElitePartner, to THMMS Holding GmbH, a subsidiary of investment company Oakley Capital Private Equity II. The takeover of the stakes in EliteMedianet GmbH by Oakley Capital Private Equity are subject to a release under cartel law. The transaction is due to complete in the third quarter of 2015.
ElitePartner is one of the leading online dating agencies in the German-speaking region. The Hamburg based company employs approximately 80 employees. In the financial year 2014, EliteMedianet GmbH achieved a turnover of about 28m Euros and an EBITDA of 2.6m Euros.
Oakley Capital, headquartered in London, already acquired Parship GmbH, the operator of the identically named online dating agency in April 2015. Taylor Wessing had also advised the former owner of Parship, Holtzbrinck Digital, on this sale.
Legal advisers to TOMORROW FOCUS AG:
Taylor Wessing: Dr. Peter Hellich (Partner, M&A / Private Equity, lead); Dr. Walter Henle (Partner, M&A / Private Equity); Dr. Björn Biehl (Associate, M&A / Private Equity); Michael Gaul (Associate, Corporate M&A) – all Munich; Dr. Carsten Müller (Partner, Corporate), Düsseldorf; Dr. Hendrik Boss (Partner, Corporate Reorganisation and Recovery), Munich; Dr. Bert Kimpel (Partner, Tax), Düsseldorf; Dr. Simon Weppner (Partner, Tax), Düsseldorf; Dr. Martin Rothermel (Partner, Commercial), Munich; Dr. Michael Kieffer (Associate, Commercial), Munich; Hauke Bornschein (Partner, Finance), Hamburg; Dr. Christian Maron (Senior Associate, Employment), Munich; Ortrun Günzel (Partner, Trade Marks & Designs), Munich; Dr. Verena Ahmann (Senior Associate, Trade Marks & Designs), Munich.
Legal advisers to Oakley Capital:
Ashurst: Dr. Lars Jessen (Partner, M&A / Private Equity, lead); Jan Krekeler (Counsel, M&A / Private Equity); Maximilian Santüns (Associate, M&A / Private Equity); Derk Opitz (Partner, Banking / Finance); Heiko Penndorf (Partner, Tax); Felix Krüger (Senior Associate, Tax) – all Frankfurt; Julius Heusgen Associate, Corporate), Munich
