[ad_1]
The mixture of group.ONE and dogado group will create a diversified pan-European champion within the website hosting and domains market, with one-stop-shop options to help SMEs with their on-line presence and success.
Worldwide non-public fairness agency, Cinven, as we speak proclaims that the Seventh Cinven Fund, in partnership with main international investor Ontario Lecturers’ Pension Plan Board (“Ontario Lecturers’”), has agreed to accumulate and mix group.ONE and dogado group (“dogado”). The mixture of group.ONE and dogado will create a number one pan-European one-stop-shop supplier of on-line presence options for small- and medium-sized enterprises (“SMEs”) and small-office home-offices (“SOHOs”) together with area, website hosting, cloud internet hosting, enterprise software program and digital advertising providers. Monetary particulars of the transaction will not be being disclosed.
group.ONE is a number one European supplier of on-line presence options by way of mass internet hosting and software program merchandise to c. 1.6 million prospects by way of manufacturers together with one.com, Hostnet and WP Media. Headquartered in Sweden, group.ONE operates throughout quite a few European international locations and has sturdy positions within the Nordic and Benelux mass internet hosting markets. The corporate has greater than 650 workers.
dogado is a number one supplier of on-line presence options in Germany, Austria and Switzerland (the “DACH” area), providing mass and cloud internet hosting and digital advertising providers to greater than 380,000 prospects by way of manufacturers together with dogado, Metanet and Herold. Headquartered in Germany, the corporate employs greater than 500 folks.
Cinven and Ontario Lecturers’ imagine the mix of group.ONE and dogado represents a pretty funding alternative primarily based on quite a few elements, together with:
- Robust monetary efficiency: group.ONE and dogado have sturdy monetary monitor data. Each companies have confirmed resilient by way of difficult macro environments, together with the COVID-19 pandemic and the newer financial and geopolitical uncertainty, because of their recurring subscription fashions, their massive and extremely diversified buyer bases, and the mission-critical nature and low absolute price of their choices;
- Structurally rising, resilient end-markets: The Nordic, Benelux and DACH on-line presence markets are anticipated to proceed to expertise progress over the following decade, pushed by continued digitalisation throughout SMEs and a shift to larger value-add merchandise that may assist prospects succeed within the broad and more and more advanced on-line ecosystem;
- Extremely complementary companies which can be properly positioned of their respective end-markets: The mixture of group.ONE and dogado will create a number one pan-European participant, with sturdy positions within the Nordic, Benelux and DACH areas. As well as, group.ONE and dogado profit from complementary product choices and capabilities, such that the mixed group can change into a number one one-stop-shop supplier of on-line presence options;
- Skilled administration groups: Each group.ONE and dogado are led by sturdy administration groups with long-standing expertise within the website hosting and domains sector. The mixed group will profit from the cumulative expertise and complementary expertise of the 2 groups; and
- In depth M&A pipeline in a fragmented however consolidating market: Each companies have a powerful monitor report of efficiently figuring out, executing and integrating add-on acquisitions. The mixed group would characterize a number one consolidation platform within the fragmented European internet hosting market.
Jacob Nordestgaard Jensen, founder and non-executive director of group.ONE, who has remained a big minority shareholder within the firm, is reinvesting alongside Cinven and Ontario Lecturers’ within the new transaction for a big minority stake within the mixed group. Senior managers from each group.ONE and dogado are additionally reinvesting materially within the enterprise.
Thomas Railhac, Associate at Cinven, stated:
“group.ONE has carried out very strongly below Cinven’s possession since its authentic funding within the enterprise in 2019 and we’re delighted to be persevering with to help group.ONE’s progress technique by way of this transaction. The mixture of group.ONE and dogado will create a number one pan-European participant within the on-line presence market, with vital alternative for additional progress, each organically and thru purchase and construct. This can be a sector we all know properly by way of Cinven’s profitable investments in HEG and one.com.”
“We’re delighted to be partnering with Ontario Lecturers’ on this transaction. They’re a dedicated, long-term investor and we look ahead to working intently along with them and the mixed group’s administration crew.”
Jean-Charles Douin, Senior Managing Director, Personal Capital for Europe, the Center East and Africa at Ontario Lecturers’ added:
“We’re happy to be partnering with Cinven to accumulate group.ONE and dogado group. Each companies are extremely regarded of their markets and supply crucial providers to their SME prospects, enabling them to take care of a significant on-line presence.”
“We see the mixed enterprise as an amazing match for our European Personal Capital portfolio given group.ONE and dogado’s main positions of their respective markets and resilient subscription-based enterprise fashions. We’ve a powerful, long-standing relationship with Cinven and look ahead to working along with them and administration to help the corporate within the subsequent stage of its progress.”
Daniel Hagemeier, CEO of dogado group commented:
“At this time’s announcement marks an thrilling new chapter in our firm’s historical past. By bringing collectively the extremely complementary companies of group.ONE and dogado, we’ll create a brand new European market chief within the website hosting and area market, with a singular and enhanced providing.”
“We’re excited in regards to the partnership with Cinven and Ontario Lecturers’, who share our long-term imaginative and prescient for the enterprise and can allow us to additional develop our operations to greatest serve the rising wants of our shoppers. We look ahead to working with the group.ONE crew as we enter the following part of progress.”
Stephan Wolfram, CEO of group.ONE, added:
“I’ve labored intently with the Cinven crew since 2019, Cinven is now re-investing in our enterprise, alongside Ontario Lecturers’ with a purpose to allow us to proceed our sturdy progress trajectory.”
“That funding and the addition of dogado group, implies that the mixed group will be capable of leverage its measurement and scale to considerably improve our progress alternatives throughout the Nordic, Benelux and DACH areas. We look ahead to working with the dogado crew in that journey.”
Completion of the transaction is topic to customary regulatory and antitrust approvals.
Media contacts
Cinven
Clare Bradshaw
Tel. +44 (0)7881 918 967
Electronic mail. clare.bradshaw@cinven.com
FTI Consulting LLP (Advisers to Cinven)
Edward Bridges
Tel. +44 (0)7768 216 607
Electronic mail. Edward.Bridges@fticonsulting.com
Cinven
Stephanie Ellis
Tel. +44 (0)7890 543 056
Electronic mail. Stephanie.Ellis@fticonsulting.com
Ontario Lecturers’
Henreitta Dehn
Tel. +44 7407 795 960
Electronic mail. henrietta_dehn@otpp.com
Kekst CNC (Advisors to Ontario Lecturers’)
Neil Maitland
Tel. +44 7971 578 507
Electronic mail. neil.maitland@kekstcnc.com
About Cinven
Cinven is a number one worldwide non-public fairness agency targeted on constructing world-class international and European corporations. Its funds put money into six key sectors: Enterprise Companies, Client, Monetary Companies, Healthcare, Industrials and Know-how, Media and Telecommunications (TMT). Cinven has workplaces in London, New York, Frankfurt, Paris, Milan, Madrid, Guernsey and Luxembourg.
Cinven takes a accountable strategy in direction of its portfolio corporations, their workers, suppliers, native communities, the setting and society.
Cinven Capital Administration (V) Common Associate Restricted, Cinven Capital Administration (VI) Common Associate Restricted, Cinven Capital Administration (VII) Common Associate Restricted and Cinven Capital Administration (SFF) Common Associate Restricted are every authorised and controlled by the Guernsey Monetary Companies Fee, and Cinven Restricted, the advisor to the Cinven Funds, is authorised and controlled by the Monetary Conduct Authority.
On this press launch “Cinven” means, relying on the context, any of or collectively, Cinven Holdings Guernsey Restricted, Cinven Partnership LLP and their respective Associates (as outlined within the Firms Act 2006) and/or funds managed or suggested by any of the foregoing.
For extra data on Cinven please go to www.cinven.com and www.linkedin.com/company/cinven/.
About Ontario Lecturers’ Pension Plan:
Ontario Lecturers’ Pension Plan Board (“Ontario Lecturers’”) is a worldwide investor with web belongings of C$242.5 billion as at June 30, 2022. We put money into greater than 50 international locations in a broad array of belongings together with private and non-private equities, mounted earnings, credit score, commodities, pure assets, infrastructure, actual property and enterprise progress to ship retirement earnings for 333,000 working members and pensioners.
With workplaces in Hong Kong, London, Mumbai, San Francisco, Singapore and Toronto, our greater than 350 funding professionals carry deep experience in industries starting from agriculture to synthetic intelligence. We’re a completely funded outlined profit pension plan and have earned an annual total-fund web return of 9.6% because the plan’s founding in 1990. At Ontario Lecturers’, we don’t simply make investments to make a return, we make investments to form a greater future for the academics we serve, the companies we again and the world we reside in. For extra data, go to otpp.com and observe us on Twitter @OtppInfo.
[ad_2]
Source link
