Fast-growth web hosting business, Miss Group, has acquired the Lithuanian market leading webhosting and datacenter group UAB “Interneto vizija” (IV) headquartered in Vilnius in Lithuania.

Founded in 2003, UAB “Interneto vizija” (IV) is a market leading web hosting business with around 68,000 customers, and 170,000 registered domains accounting for a major share of all registered domains in Lithuania. The Group’s revenue forecast is €11.5m and EBITDA margins in excess of 50% FY2020. The acquisition also includes the subsidiary RackRay providing data centre services.

Mattias Kaneteg, Miss Group founder and CEO, said: “This transaction provides a great platform for expansion across the Baltic region. IV is an excellent business and we look forward to welcoming IV to Miss Group and continue our mutual growth journey.

I am impressed with the continuous deal support provided by the financial advisors. Once again have Anecta and the Translink network proved its value proposition to us and I highly recommend them for national and cross-border deal advisory.”

Fredrik Ullberg, financial advisor at Anecta commented: “This is our eighth successful acquisition advisory project for Miss Group and by far the largest and most complex one. The deal demonstrates our international reach and ability to originate and execute deals in close co-operation with our Translink offices. Our ambition is to develop our IT- and digital service M&A-advisory sector coverage, and this deal is an excellent addition to our references.”