September 04, 2024
Translink Corporate Finance in Sweden is pleased to announce its role as advisor to international digital solutions provider, Miss Group, in its acquisition of the largest hosting company in Norway, Domeneshop.
Through this acquisition, Miss Group strengthens its market position as one of the leading web hosting companies in the Nordics. Miss Group’s portfolio increases to three hosting provider companies in Norway and collectively provides more than half of the country’s 850,000 .no domains. Together, the three businesses serve more than 570,000 customers.
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 offering.”
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.”
In addition to Translink Corporate Finance, the transaction was advised on the buy side by Squire Patton Boggs (legal) and EY (financial and tax).
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Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Translink Corporate Finance in Sweden is an M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
