Add-on Acquisition • Internet Software and Services

Parship Group Acquires eharmony

On October 29, 2018, Parship Group acquired internet software and services company eharmony from TCV

Acquisition Context
  • This is Parship Group’s 3rd transaction in the Internet Software and Services sector.
  • This is Parship Group’s 1st transaction in the United States.
  • This is Parship Group’s 1st transaction in California.

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M&A Deal Summary

Date October 29, 2018
Target eharmony
Sector Internet Software and Services
Buyer(s) Parship Group
Sellers(s) TCV
Deal Type Add-on Acquisition

Target Company

eharmony

Los Angeles, California, United States
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.
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Buyer Overview 1

Buyer

Parship Group

Hamburg, Germany

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Parship Group is a provider of online dating services. Parship Group was founded in 2015 and is based in Hamburg, Germany.


Deal Context for Buyer #
Overall 3 of 4
Sector: Internet Software and Services 3 of 3
Type: Add-on Acquisition 1 of 2
State: California 1 of 1
Country: United States 1 of 2
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 EliteMedianet

Hamburg, Germany

EliteMedianet is a premium online dating site. EliteMedianet was founded in 2004 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 The Meet Group

New Hope, Pennsylvania, United States

The Meet Group, Inc. is a developer of mobile apps designed to meet the universal need for human connection. Using innovative products and sophisticated data science, The Meet Group keeps its approximately 2.7 million mobile daily active users engaged and originates untold numbers of casual chats, friendships, dates, and marriages. The Meet Group offers advertisers the opportunity to reach customers on a global scale with hundreds of millions of daily mobile ad impressions. The Meet Group was founded in 1997 and is based in New Hope, Pennsylvania.

Buy -

Seller Profile 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


Deal Context for Seller #
Overall 71 of 84
Sector: Internet Software and Services 17 of 21
Type: Add-on Acquisition 37 of 43
State: California 29 of 30
Country: United States 64 of 73
Year: 2018 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Sportradar

St. Gallen, Switzerland

Sportradar is a partner for the sports betting and media industry. Sportradar provides sports data services to the bookmaking world with its brand Betradar and to the international media with its brand Scoreradar. Sportradar was founded in 2001 and is based in St. Gallen, Switzerland.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 IQMS.com

Paso Robles, California, United States

IQMS.com is a provider of manufacturing software and ERP software systems for repetitive, process and discrete manufacturing industries. IQMS.com was founded in 1989 and is based in Paso Robles, California.

Sell $425M