One of the largest providers of domain names and web hosting in Europe is changing today. One.comWhich has about 1.5 million customers mainly around the north of the region It was sold by Accel-KKR to Cinven, Another PE player focusing on investments in Europe.
The terms of the deal were not disclosed, but as an approximation, Cinven was previously owned and sold another European hosting provider of similar size: Host Europe Group acquired in 2013 for $ 668 million and then sold it in 2016 Versus $ 1.8 billion to GoDaddy Almost two years ago. At the time of sale, Host Europe Group also had about 1.5 million customers.
One.com and its business sector are an important, if not highly developed, part of the technical landscape: as long as businesses and consumers continue to use the Web, companies that sell and host domain names and provide services around it will be needed.
With an attractive domain name of its own, One.com has been riding a wave of hardness this purpose for several years already. KKR-Accel says its organic growth is accelerating at 20% and revenue under its four-year ownership has doubled to 60 million euros ($ 69 million) with a 50-fold increase in profitability in its own marketing business as a "budget" option for companies.
"Since its inception, One.com's vision has been to deliver value-added and easy-to-use solutions for small and medium-sized businesses," said Jacob Jensen, founder and CEO of One.com. statement. He is continuing to lead the company.
Cinven says he is interested in business growth through acquisition, specifically: "There are opportunities to accelerate business growth naturally and through acquisitions."
In other words, some consolidation steps are expected in the future as some smaller suppliers in Europe are likely to be involved in creating a larger entity with greater economies of scale. Not only does GoDaddy increase its presence here, but because the likes of Amazon have only grown in prominence and provide a number of other services to users to make their offerings more viscous.
"We are very excited to invest in One.com alongside Jacob," said Thomas Rilesch, partner at Cinven, in a statement: "It is a high-quality company with an attractive and scalable brand operating in a market with structural engines." We know it well through Cinven's successful investment in HEG in Fund 5, while continuing to invest in both organic growth story and targeted acquisitions. "