Montagu buys Host Europe

Montagu Private Equity has acquired the internet hosting company Host Europe Corporation for £222 million.


Montagu Private Equity has acquired the internet hosting company Host Europe Corporation for £222 million.

Montagu Private Equity has acquired the internet hosting company Host Europe Corporation for £222 million.

AIM-listed private equity group Oakley Capital first acquired Host Europe in 2008 for £128 million. Host Europe then included Vialtus Solutions, which was sold to the business telecoms company Daisy Group in July 2009 for £42 million. The sale of Vialtus consisted of £13 million in cash and 36.25 million ordinary shares in Daisy Group, which Oakley will retain post completion of the current deal.

Peter Dubens, director of Oakley Capital Investments, comments: ‘Host Europe has performed consistently well since Oakley acquired the business in 2008. On completion this will represent a significant disposal for the fund and achieves a good return for investors over a difficult economic period.’

Host Europe operates two web hosting business in the UK and Germany. In the UK the company operates through the brands 123reg and Webfusion. London-based Webfusion is a shared internet hosting provider and 123reg is a domain name registration company. In Germany, Host Europe is a managed hosting provider for websites. The deal is subject to regulatory approval in Germany.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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