private equity firm Cinven European Host Europe Group bought from another private equity firm, Montagu Private Equity. Host Europe Group is one of the largest private provider of web hosting companies in Europe. Cinven will pay $ 667 million (438 million pounds) to acquire web hosting company.
Host Europe Group, in one of its data centers
headquartered in the UK , has about 0 employees, with Web hosting operations in the UK, Germany and Spain. With different brands, including 123-reg, Webfusion, Heart Internet and Host Europe the web hosting company offers its 1.5 million customers a range of end products to end, including domain registration, lodging demand cloud and hosting server managed. Most of the company's revenues are generated in the UK and Germany.
Montagu Private Equity in turn bought Host Europe Group in October 2010 Oakley Capital Private Equity LP, in a deal that was said to value the company, then to 222 million pounds. Accommodation journalist congratulates Montagu with the case, as the doubling of its investment value in three years is a remarkable step to achieve.
'dominate the European hosting market "
Cinven is a European private equity company, founded in 1977, with offices in Guernsey, London, Frankfurt , Paris, Milan, Luxembourg and Hong Kong. The company acquires successful companies, high quality and works with them to help them grow and develop, using proven value creation strategies.
Commenting on the purchase, Thomas Vollrath, CEO of Host Europe Group , said: "We have over 16 years experience in the web hosting industry, and the host Europe Group is known for providing high quality hosting products with complete technical support to our many customers in Europe. We significantly increased through a combination of organic growth and acquisitions - all of which have expanded our customer base, hosting capabilities and industry expertise. . We look forward to our new partnership with Cinven will allow us to further dominate the European market and to consolidate our group strength "
David Barker, partner at Cinven , added:" Host europe operates a business model attractive profit growth rates in double figures and very high levels of earnings visibility. Its market position has been achieved through investments in infrastructure, marketing and management team, and these features, combined with a strong structural growth in its markets, Host Europe makes a compelling investment opportunity. "
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