The dating market is growing strongly: with 200 million euros in turnover in France, it addresses 18 million singles. According to the digital economy barometer published by Paris-Dauphine and Médiamétrie, more than 30% of French Internet users declare that they have been or are registered on an Internet dating site.
Historically a pioneer in mobile dating, Fotochat has also diversified into the more traditional segment of the Internet, where it now does a third of its business. The application, which allows the convergence of web/mobile/tablet media, offers exclusive addictive services such as virtual gifts or the election of the most popular users. Positioned between Attractive World and Adopte un mec, Fotochat gathers nearly 1 million moderate users 24/24H to ensure an irreproachable quality of exchanges and user experience.
The parent company of Fotochat, Utel, in the middle of a growth phase and wishing to refocus its activity on its core-business activities, mandated the investment bank PAX Corporate Finance to accompany them in this sale.