22.10.2015
TOMORROW FOCUS AG DE0005495329
DGAP-News: TOMORROW FOCUS AG: Federal Cartel Office approves sale of EliteMedianet GmbH to Oakley Capital Private Equity II
DGAP-News: TOMORROW FOCUS AG / Key word(s): Disposal
TOMORROW FOCUS AG: Federal Cartel Office approves sale of
EliteMedianet GmbH to Oakley Capital Private Equity II
22.10.2015 / 12:44
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Corporate News
Federal Cartel Office approves sale of EliteMedianet GmbH to Oakley Capital
Private Equity II
Munich, Germany, 22 October 2015 - Today the Federal Cartel Office
(Bundeskartellamt), Germany's national competition regulator, approved the
sale of EliteMedianet GmbH, which operates the premium online dating agency
ElitePartner, to THMMS Holding GmbH, a subsidiary of the private equity
fund Oakley Capital Private Equity II. The transaction is expected to close
on 2 November 2015.
TOMORROW FOCUS AG's decision to sell EliteMedianet GmbH to Oakley Capital
Private Equity II was announced on 8 June 2015 but was subject to approval
under anti-cartel legislation. The sale reflects TOMORROW FOCUS AG's
strategic realignment towards transaction-based business models in its
Travel segment.
Oakley Capital Private Equity II focuses on investing in fast-growing
companies in the UK and Western Europe. In April 2015 it acquired Parship
GmbH, which operates an online dating agency by the same name.
Christoph Schuh, Member of the Management Board at TOMORROW FOCUS AG,
responded to news of the approval: 'We would like to express our gratitude
to everyone at ElitePartner for their hard work and the success they have
made of the company. In recent years, led by CEO Dr Jost Schwaner, they
boosted EliteMedianet's contribution to Group earnings despite very tough
competition. Another crucial factor in the company's success has been the
independent market position that Jost Schwaner continually adapted. We wish
him and the whole team at EliteMedianet GmbH every success in the future.
It is our firm belief that the company has excellent prospects for growth
under the mantle of Oakley Capital.'
About TOMORROW FOCUS AG
TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the country's leading digital travel firms. With a total workforce
of around 400, the TOMORROW FOCUS Group comprises HOLIDAYCHECK AG, which
operates hotel review and travel booking portals by the same name, as well
as the car rental portal MIETWAGENCHECK, and WEBASSETS B.V., which operates
the ZOOVER hotel review portals and the METEOVISTA/WEERONLINE weather
portals, as well as TOMORROW TRAVEL B.V., which operates the Dutch online
travel agent TJINGO.
The Group portfolio also includes JAMEDA GmbH, which operates the biggest
German physician rating portal JAMEDA.de, and ORGANIZE.ME GmbH, which
operates an app-based document organisation and reminder system. TOMORROW
FOCUS AG is currently negotiating the sale of these two subsidiaries.
About Oakley Capital Private Equity II
Oakley Capital Private Equity II is an unlisted mid-market private equity
fund with the aim of providing investors with significant long term capital
appreciation. It's investment strategy is to focus on buy-out opportunities
in industries with the potential for growth, consolidation and performance
improvement. The fund seeks to invest in companies with scale in their
industry subsectors, thereby creating a sustainable earnings stream which
should command a premium on exit.
Oakley Capital Private Equity II is advised by Oakley Capital Limited, a
privately owned asset management and financial advisory business with over
$1 billion of assets under management which has a focus on investing in the
telecoms, IT and media space.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email [email protected]
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
Oakley Capital Private Equity
Ed Bridges/Emily Desmier
phone: +44 20 3727 1000
email: [email protected]/
[email protected]
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22.10.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: [email protected]
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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