P+P advises the management of the NuCom Group on the acquisition of shares by General Atlantic

February 2018

Private equity investor General Atlantic has acquired 25.1 percent of the shares in NCG - NuCom Group. The transaction is based on a corporate value of EUR 1.8 billion for the NuCom Group. The agreement is still subject to approval by the relevant antitrust authorities.

ProSiebenSat.1 currently pools ten strategic investments in predominantly digital commerce platforms, including Verivox, Parship Elite Group, Jochen Schweizer and the mydays Group, in NuCom Group, which was founded on January 1, 2018.

In the first joint transaction, NuCom Group acquires all shares in Verivox and the Parship Elite Group, hold by Oakley Capital and other investors, and thus increases its shareholding to almost 100 percent, respectively 94 percent. In addition, NuCom Group acquires the remaining minority interest in SilverTours GmbH (billiger-mietwagen.de) and thus owns 100 percent of this company.

P+P Pöllath + Partners advised the management of NuCom Group in the course of the acquisition of shares with the following team: