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May 05, 2006
Meetic Buys Brazilian Dating Site
The French online dating company, Meetic, has made another acquisition. This time in Brazil, paying €21.6M in cash for ParParfeito, it said in a statement. Since going public it has purchased LeXa.nl (Dutch) and efriendsnet (China).
MEETIC announces that it has signed an agreement with a view to the acquisition of ParPerfeito, the online dating leader in Brazil. Founded in 2002 and based in Rio de Janeiro (Brazil), ParPerfeito runs the www.parperfeito.com.br site, and has rapidly become Brazil’s leading online dating service with close to 8 million registered profiles since its creation. ParPerfeito’s estimated revenues in 2005 totalled R$ 10.4 million, or approximately 4 million euros. ParPerfeito’s estimated EBITDA in 2005 totalled R$ 6,0 million, or approximately 2,3 million euros. This acquisition, which should be finalised over the coming days, concerns 100% of the Company’s capital and voting rights for a global price - totally paid for in cash - of R$ 56.6 million, or 21.6 million euros, excluding further payments based on the Company’s results over the next three financial years.
Read - ACQUISITION OF PARPERFEITO (meetic PR)
Posted on May 5, 2006 05:30 PM | Posted to News And Updates | Online services | Permalink
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