Miss Group makes second acquisition in two weeks
BGF-backed Miss Group has acquired Spanish-headquartered ProfesionalHosting, a web hosting company with a 2.9 million Euro turnover. The deal adds 1.2 million Euros in EBITDA and 15,000 customers.
ProfesionalHosting (which trades as Soluciones Web On Line S.L.), was founded in 2002 with the objective of offering web hosting and domain registration services. With a commitment to progressive growth, and innovation, the company has expanded its internet services, infrastructure and technology, reaching the variety offered today. The business allows corporate, professional and private users to build an effective presence online with its full range of services. ProfesionalHosting has offices in Madrid and Almeria, Spain.
Mattias Kaneteg CEO and founder of Miss Group said: "The acquisition of Profesional Hosting gives Miss Group the perfect platform to build on in Spain and replicate the success we have had in Scandinavia over the past five years. We will focus on both organic growth and our buy and build strategy in Spanish speaking markets. We have ambitious growth plans for Miss Group so this is an important market for us to grow in.”
David Garcia, CEO and founder of ProfesionalHosting said: “We’ve admired Miss Group as a company and watched the growth journey to date. We are looking forward to joining forces with such an impressive business and taking the combined organisation to a new level."
In August 2018, Miss Group received a £6.4m investment from BGF and in June 2019 another £13m investment to accelerate its international expansion strategy. BGF is the UK and Ireland’s most active investor. The funding has allowed the business to build further scale through driving organic growth and acquiring web hosting companies in new and existing markets. Prior to BGF investment Miss Group have received funding from Harbert European Growth Capital.
About ProfesionalHosting:
ProfesionalHosting was founded in 2002 and offer everything from Web Hosting, Domain Registration, VPS, Dedicated Servers, Site builders and just about anything a corporate, professional or private user could require building an effective presence online. The company has offices in Madrid and Almeria, Spain.
About Miss Group:
Founded in 2014, Miss Group is an International Web Hosting Group that offers a range of Hosting related services at favorable prices such as Web Hosting, Domain Registration, VPS, Dedicated Servers, Sitebuilder, SSL-Certificate, SEO Tools, Web Security and Domain Management. Miss Hosting is also an ICANN-accredited Domain Name registrar via NameISP. The company is headquartered in Manchester, UK.
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