Perwyn-backed Miss Group announces acquisition to make it the largest shared hosting provider in Norway
Miss Group, the international digital solutions provider backed by Perwyn, a leading European private equity investor, has completed the acquisition of Norwegian hosting company Domeneshop. This deal collectively makes Miss Group-owned businesses the number one shared hosting provider in Norway.
The addition of Domeneshop to Miss Group’s portfolio means that the company’s three hosting provider companies in that country together provide more than half of the country’s 850,000 .no domains. Together, the three businesses serve more than 570,000 customers.
Domeneshop is headquartered in Oslo and was founded in 1996. It is the market leader in Norway, providing domain management, hosting and emails to more than 125,000 customers, and hosting more than 650,000 domains.
Commenting on the acquisition, Miss Group Founder Mattias Kaneteg said: “This is a very exciting acquisition for Miss Group and we are delighted to welcome Domeneshop to the Miss Group family. This deal makes Miss Group the largest provider of the prestigious .no domain in Norway, and it also means that the business has become the number one web hosting business in the Nordics with regard to both turnover and customer numbers.”
Over the last five years, Miss Group has grown EBITDA fivefold from €8m to €40m, and in 2023 achieved a landmark SEK1 billion in revenue. Earlier this year, it appointed Stephen Halstead as its new CFO, amid ambitions to reach SEK2 billion in revenue in the coming years.
Chairman of Domeneshop AS, Dag Øien, commented: “Domeneshop is the largest domain name registrar in Norway, with a strong 45% market share for .no domain registrations, serving over 125,000 customers, and has a reputation for reliable, cost-efficient e-mail services and web hosting. With our new holder, we now benefit from a Nordic owner with an international presence, strong financial muscle and a large portfolio of products and services to extend our product and service offerings.”
Perwyn acquired a majority position in Miss Group in February 2020 to support the growth ambitions of the business through international expansion and ongoing M&A.
Mark Blower, Partner at Perwyn and Miss Group board member, said: “Miss Group has continued to demonstrate exceptional growth, and continues to make sustained progress on its journey of internationalisation, and on solidifying its rock solid Nordic presence. Following on from, inter alia, Swiss and Spanish acquisitions over the last 12 months, this latest acquisition in Norway is another landmark development for the business. We are delighted to continue to support the business’ leadership team in their strategy for sustained growth and on securing an even stronger foundation on which further development can be achieved.”
Miss Group was supported on this transaction by:
- Legal advice – Squire Patton Boggs (Matt Canipa and Mona Mojtabavi) and SANDS Advokatfirma DA (Erik Lind)
- Financial and Tax due diligence – EY (Michael Timmins, Noam Handler and James Litherland)
- Corporate advisory – Translink Corporate Finance Sweden (Fredrik Ullberg and Joseph Baudtler)
For media enquiries please contact:
Petal & Co.
Joanna Drake
JoannaD@petal.co | 07584 498029
About Miss Group
Founded in 2014, Miss Group is an international digital solutions provider that offers a range of hosting related services at competitive prices including web hosting, domain registration, VPS, dedicated servers, website builder, SSL-Certificate, SEO Tools, web security and domain management. Leading product brands include Private VPN, Time4VPS, Seravo and Hemsida24. Miss Group is also an ICANN-accredited Domain Name registrar via Name SRS. Miss Group is a well-established operator in its core markets, with a customer service-oriented model driving industry-leading performance metrics for its > 800,000 web hosting customers. The majority of Miss Group is owned by Perwyn, a European private equity company.