Translink enables companies to close transactions in challenging conditions. Translink again adviser to Miss Group in the acquisition of Euronic Oy, a leading Finnish web hosting service provider.
Euronic is one of the leading providers of domain name and web hosting services in Finland with over 14 000 customers. Thanks to its highly automated processes and distinctively branded and differentiated products it is the most profitable player in the Finnish market with an EBITDA-% of over 60%. The Company had revenues of EUR 2.5 million in 2019 and is based in Turku.
Miss Group, headquartered in Sweden, is one of the fastest growing web hosting groups in the world with offices in the UK, USA, Canada, Mexico, Spain, Bulgaria, India and now also Finland. Euronic is an excellent market entry for Miss Group in Finland, combining a leading market position with efficient operations and its own data center in Turku.
Translink represented Miss Group in the transaction as part of an on-going international buy-side mandate that has already resulted in numerous transactions over the last couple of years. The discussions were characterized by quick decision-making, efficient negotiations and due diligence process and high deal security for the sellers despite the current corona situation.
Euronic will be an excellent platform for further growth in Finland and is in line with our focus on expansion in the Nordics. This was now our fifth successfully executed deal with the assistance of Translink’s global team and we continue to pursue new opportunities together.– Miss Group’s CEO, Mattias Kaneteg