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Internet & Digital Media, Tech Enabled Services
FirstCapital’s partner ACXIT Capital Partners acted as the exclusive financial advisor to USA-based company The Meet Group (TMG) in their acquisition of Lovoo, a leading European dating app and the largest German speaking dating app by downloads.
The acquisition of Loovoo is The Meet Group's third in 12 months, and will be their largest app in terms of standalone traffic. Loovoo will remain a standalone app after the acquisition. TMG are focused on accelerating growth across their stable of apps through innovating video capabilities and sharing best-practice in monetization and engagement.