Host Europe Group has announced on Friday its acquisition by European private equity firm, Cinven, from Montagu Private Equity for a total consideration of £438m.
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– Thomas Vollrath, CEO, Host Europe Group.
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![Thomas Vollrath, CEO, Host Europe Group](https://www.dailyhostnews.com/wp-content/uploads/2018/03/4-1.jpg)
Oakley Capital Corporate Finance and Morgan Stanley & Co. International plc were financial advisors to Cinven on this transaction.
A European private equity firm founded in 1977, Cinven has offices in Guernsey, London, Frankfurt, Paris, Milan, Luxembourg and Hong Kong.
“Host Europe operates an attractive business model enjoying double digit growth rates and very high levels of earnings visibility. Its market position has been secured through investment in its infrastructure, marketing and the leadership team, and these features, in combination with strong structural growth in its markets, makes Host Europe a compelling investment opportunity,” said David Barker, a Partner at Cinven.
Host Europe Group is headquartered in the UK and is one of Europe’s largest provider of hosting and domain services to SMBs. It has many well-recognized brands including RedCoruna, BrandFortress, Domainbox.com, 123-reg, Webfusion, Domainmonster.com, Heart Internet and Host Europe that offer services like domain registration, application hosting, cloud hosting and managed hosting to about 1.5 million customers.
“We have more than 16 years’ experience in the web hosting industry, and the Host Europe Group is renowned for providing high quality hosting products with comprehensive technical support to our many customers in Europe,” said Thomas Vollrath, CEO, Host Europe Group.
“We have grown significantly through a combination of organic growth and acquisitions – all of which have extended our customer base, hosting capabilities and industry expertise. We look forward to our new partnership with Cinven which will enable us to further dominate the European market and consolidate our Group strength,” he added.
Here is more information on Host Europe Group’s acquisition by Cinven.