05.09.2024
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.”
In addition to Translink Corporate Finance, the transaction was advised on the buy side by Squire Patton Boggs (legal) and EY (financial and tax).