Posted: 07 / 08 / 2018
The Sedulo Corporate Finance team have continued to open international doors for web hosting company, Miss Group, as they secure an investment of £6.4m from Business Growth Fund, BGF.
Along with strengthening business relationships, the large investment comes with a plan to accelerate growth further afield with a buy-and-build strategy set to target acquisitions across the globe.
The relationship between Sedulo Corporate Finance Director, Stuart Dutton, and Miss Group has already secured a string of successes over the last 12 months including relocating the HQ to Manchester, a $2m fundraise and two acquisitions enhancing the company’s web hosting presence in the UK, US and Vietnam.
The four-year-old company provides services such as domain registration, site building, website hosting and email management, opening over 70,000 accounts and hosting over 500,000 domains from offices in Stockholm, Gothenburg, Miami and Sofia since inception.
CEO and Founder of the Miss Group, Mattias Kaneteg, is excited about the future of the company, and the possibilities that the investment will allow:
“This investment enables us to progress to the next step in the Group’s development, accelerating our growth plans over the next 2 years. We have already progressed discussions with some of our acquisition targets and will be able to proceed with the confidence of BGF’s support. Thanks to Stuart and the rest of the team at Sedulo for all their hard work. ”
Former Chairman of UK2 Group and newly appointed Chairman of Miss Group, Phil Male, will also be joining the task force as he, Stuart and Mattias, embark on a digital takeover mission to bring the company to a £25m turnover in the next 24 months.
Speaking on the recent international success and plans for the future, Corporate Finance Director, Stuart Dutton, said:
“With Mattias’ experience and the growth already achieved within the Group, this was an exciting fundraise to work on. After assisting with the expansion to-date, we can’t wait to get stuck in to helping Miss Group progress to the next stage of their strategy.”