Accel-KKR sells to Cinven

Private equity firm that flipped Host Europe Group buys another European hosting company.

A European web hosting and domain registration company is changing hands.

Private equity group Accel-KKR is selling to another PE firm, Cinven.

The sale price wasn’t released but has over 1 million customers, 270 employees and revenues estimated at about €60 million.

This isn’t Cinven’s first rodeo in the European hosting market. It acquired Host Europe Group in 2013, built it up and then sold it to GoDaddy (NYSE: GDDY) for $1.8 billion.

Cinven hints at an acquisition strategy in a release about the deal:

There are opportunities to accelerate the growth of the business organically and through acquisition: Cinven’s strategy centres on helping realise its growth potential drawing on its sector expertise and experience through its successful investment in HEG. is an ICANN-accredited registrar. It has about 25,000 .com domains under management but I suspect much of its business is in ccTLDs.

Arma Partners advised on the sale.

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