TOMORROW FOCUS AG / Key word(s): Disposal 08.06.2015 17:22 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc announcement TOMORROW FOCUS AG sells EliteMedianet GmbH to Oakley Capital Private Equity Munich, Germany, 8 June 2015 - TOMORROW FOCUS AG has agreed to sell EliteMedianet GmbH, which operates the premium online dating agency ElitePartner. The purchaser is THMMS Holding GmbH, a subsidiary of Oakley Capital Private Equity II. The takeover of EliteMedianet GmbH by Oakley Capital Private Equity is subject to approval under anti-cartel legislation. The sale allows TOMORROW FOCUS AG to drive forward its focus on digital, transaction-based business models, especially in the travel sector. The sale of EliteMedianet GmbH is expected to generate a total of EUR 23.3 million for TOMORROW FOCUS AG based on an anticipated sale price of EUR 22.0 million. An amount of EUR 14.8 million is payable on completion of the sale. TOMORROW FOCUS AG will provide a loan with a term of up to two years to cover the remaining sum of EUR 7.2 million. On scheduled repayment of this loan at the end of the term, TOMORROW FOCUS AG will also receive interest due of up to EUR 1.3 million. At Group level, the sale of EliteMedianet GmbH will produce an estimated loss of around EUR 2 million and will necessitate a valuation adjustment of EUR 3 million to deferred taxes on loss carryforwards. In TOMORROW FOCUS AG's single-entity financial statements based on the German Commercial Code (Handelsgesetzbuch, HGB), the sale will generate a book profit of around EUR 1 million. Subject to approval under anti-cartel legislation, the sale is expected to close in the third quarter of 2015. ElitePartner is one of the leading online dating agencies in the German-speaking region of Europe. The company is based in Hamburg, Germany, and has a workforce of around eighty. In the financial year 2014, EliteMedianet GmbH generated revenue of around EUR 28 million and EBITDA of EUR 2.6 million. London-based Oakley Capital acquired Parship GmbH, which operates an online dating agency by the same name, in April 2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About TOMORROW FOCUS AG TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is one of the leading exchange-listed Internet groups in Germany. The company's main business models are based on digital transactions, predominantly in the travel sector. The Group has a workforce of around 500, and its business operations are divided into the segments Travel and Subscription. The Travel segment includes HOLIDAYCHECK AG, which operates a number of hotel review and travel booking portals by the same name; WEBASSETS B.V., which operates the ZOOVER hotel review portals and the METEOVISTA/WEERONLINE weather portals; and TOMORROW TRAVEL B.V., which operates the Dutch online travel agent TJINGO. The Subscription segment is made up of ELITEMEDIANET GmbH, which operates the premium online dating agency ELITEPARTNER.de; JAMEDA GmbH, which operates the physician rating portal JAMEDA.de; and ORGANIZE.ME GmbH, which operates an app-based document organisation and reminder system. Media and investor contact at TOMORROW FOCUS AG: TOMORROW FOCUS AG Armin Blohmann Neumarkter Strasse 61 81673 München Germany phone +49 (0)89 9250-1256 fax +49 (0)89 9250-2403 email a.blohmann@tomorrow-focus.de www.tomorrow-focus.de http://twitter.com/tomorrowfocus http://facebook.de/tomorrowfocus http://youtube.com/tomorrowfocus Media and investor contact at Oakley Capital/Parship GmbH: 08.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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: a.blohmann@tomorrow-focus.de 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 Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: TOMORROW FOCUS AG sells EliteMedianet GmbH to
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