Host Europe Group, which became the largest privately-owned hosting group in Europe by swallowing up web hosting companies, has announced that it is the one being acquired today by private equity firm Cinven.
Headquartered in the UK, Host Europe Group is a provider of hosting and domain services to small and medium enterprises, with around 600 employees. They offer an end-to-end product suite including domain registration, application hosting, cloud hosting and managed hosting through their many brands that include 123-reg, Heart Internet, Host Europe, Webfusion, Domainmonster, RedCoruna, Domainbox, Donhost, and Brand Fortress
Cinven is a leading European private equity firm, founded in 1977, with offices in Guernsey, London, Frankfurt, Paris, Milan, Luxembourg and Hong Kong. The firm acquires successful, high-quality companies 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 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. 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. are. We look forward to our new partnership with Cinven which will enable us to further dominate the European market and consolidate our Group strength.
David Barker, a Partner at Cinven, added:
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.
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