Miss Group Holdings raises capital to acquire US headquartered hosting company and expand global footprint in the US and Asia.
High growth web hosting company, Miss Group Holdings ("Miss Group"), has acquired US headquartered hosting company in a transaction adding 20,000 new active accounts to the business.
The acquisition takes Miss Group to 70,000 global customers and reinforces underlines a continuation of the high growth strategy pursued since the company’s inception in 2014. Mattias Kaneteg, CEO, and Founder, of Miss Group, said "This is a very important strategic acquisition for us improving our market share in the US but also opening new Asian markets for us. This adds to our hugely successful marketing campaigns which have generated exceptional organic growth."
An investment in Miss Group by Harbert European Growth Capital, an investor in high growth European technology companies with proven management teams, funded the acquisition of the US-headquartered hosting company.
“The hosting and domain market, whilst sizeable, remain fragmented with inconsistent customer support levels” explained Bryan McLoughlin, Vice President at Harbert European Growth Capital, "Mattias, and his team, are deeply experienced entrepreneurs with a proven track record of acquiring and retaining customers through high-quality service and value. We’re delighted to support the continued expansion of Miss Group with our recent investment.”
Stuart Dutton of Sedulo Corporate Finance advised Miss Group on the recent fundraising and acquisition. Kaneteg commented, "I would like to thank the teams at both Sedulo Corporate Finance and Harbert for their support on these deals.”
About Miss Group
Founded in 2014, Miss Group is an International Web Hosting company that offers a range of Hosting related services at favorable prices such as Web Hosting, Domain Registration, VPS, Dedicated Servers, Site Builder, Magento Hosting, SEO Hosting, Affiliate Hosting, Email Management and more. The company is headquartered in Manchester, UK and has offices in Stockholm, Sweden, Miami, USA & Sofia, Bulgaria. Please see www.missgroup.com for more information.
About Harbert European Growth Capital
Harbert European Growth Capital (“HEGC”), an investment strategy of alternative asset manager Harbert Management Corporation (“HMC”), lends risk capital to technology and life sciences companies across Europe. HEGC has the ability to support businesses with follow-on reserves and a global network of commercial and investor relationships. Please see www.harbert.net for more information.
Tags: