Posted: 05 / 03 / 2018
The acquisition will allow Miss Group to further penetrate what is a very competitive market in the US.
Miss Group, one of the world’s fastest-growing web hosting companies, has completed the latest step of their ongoing acquisition strategy with the purchase of the US-based web hosting provider, Stablehost, with Sedulo’s Corporate Finance team leading the deal.
Originating in Scandinavia, Miss Group is now an international operation, expanding rapidly across countries such as the UK, US, Bulgaria and Sweden, and serving over 70,000 accounts globally.
Following on from the acquisition of a UK based company in early 2017 – also led by Sedulo – the US acquisition evidences the continuing ambition of the group to expand into new markets and compete with existing providers.
The acquired company, Stablehost, has been run successfully since 2009, gaining a loyal client baseboth domestically and overseas, particularly in South East Asia.
Commenting on the deal, Mattias Kaneteg, CEO of Miss Group, said:
“We are very excited and pleased to welcome Stablehost’s accounts into the Miss Group service proposition. Stablehost has offered exceptional service and innovative products to their high-quality account holders over a number of years, and we are ready to build upon that with our own high standard of service and unique offering.”
Crucially, the acquisition will allow Miss Group to further penetrate what is a very competitive market in the US and provide a foundation upon which to implement the sales strategy that has been so effective in other markets entered to date.
In addition to leading Miss Group’s acquisition process, Sedulo Corporate Finance have also secured funding for the deal, working alongside Harbert Management Corporation’s prestigious European Growth fund to quickly and efficiently provide the funds required.
Leading the deal, Sedulo Corporate Finance Partner Stuart Dutton said:
“It has been a pleasure to lead and be involved with a transaction of this quality that will help our client to grow, with all parties working tirelessly to ensure the acquisition proceeded efficiently and fairly. I must thank Jonathon Paines of Squire Patton Boggs for their efforts, and Harbert Management Corporation for their assistance in funding the deal. I look forward to the next one!”
Miss Group is aiming to continue its acquisition strategy, while developing organic growth to build the business and ultimately undertake an IPO on the AIM in the next 2 -3 years.