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 Translink Corporate Finance proved their value proposition to us, and I highly recommend them for national and cross-border deal advisory.
Fredrik Ullberg, financial advisor at Translink Sweden office 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.
About Translink Corporate Finance
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance advisory services through over 30 offices in the key markets in Africa, the Americas, Asia and Europe. Translink has been successful in advising clients on hundreds of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
About Translink in Sweden
Anecta Translink, our partner in Sweden, is a 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.
About Translink in Finland
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, its partners have completed some 100 M&A transactions in different industries, worked closely together with a number of business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.
Prudentia acted as the local M&A advisor in the Baltics.