CapMan Real Estate exits the Skanssi shopping centre in Turku

CapMan Oyj

CapMan RE II -fund has sold the Skanssi shopping centre in Turku to a fund managed by CBRE Global Investors.

“We have been involved in Skanssi since its development, and it has been pleasure to see how the shopping centre and its neighbouring area have evolved. The shopping centre has played a key role in the attractiveness and design of Skanssi district. Several retail stores have moved to the area and residential construction is proceeding quickly. We are particularly proud of the ecological activity of Skanssi. The shopping centre favours green values and actions, including the use of solar power, efficient recycling and an active carbon footprint reduction. In January, Skanssi earned the LEED Platinum rating, the highest available LEED rating, and is as such the first shopping centre in Europe with both a LEED Platinum rating and LEED certification from the construction phase. We are very pleased that we have found a professional new owner for Skanssi, who will continue developing the shopping centre from these good premises,” comments Kalle Myllymäki, Partner at CapMan Real Estate.

Skanssi shopping centre is located five kilometres from Turku downtown, by the busy Turku-Helsinki freeway. The shopping centre contains a wide range of stores specializing in fashion, home décor and leisure, as well as several services, including citizen service, restaurants, a bank and a hypermarket. Skanssi has a lettable area of 37,230 of which 33,700 is retail space, 130is office space and 3,400 is in other use. CapMan RE II -fund invested in Skanssi in 2007 when the property was still in the construction phase. Skanssi opened its doors to the public in April 2009.

For further information, please contact:
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +358 20 720 7618

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Gimv enters into a partnership with MVZ Holding, a leading group of medical practices

Gimv

Gimv enters into a partnership with MVZ Holding, a leading group of medical practices

Gimv has entered into a partnership with the existing shareholders of MVZ Holding AG, a leading group of Swiss medical practices, by acquiring a substantial stake in the group and committing additional capital for further growth.

MVZ Holding focusses on providing best in class primary medical care and has grown successfully by executing a disciplined expansion strategy. The company currently runs more than 25 medical practices in different regions in Switzerland and plans further expansion within the country.

Gimv is excited about the opportunity to partner with the company’s exceptionally strong and experienced incumbent management team. Founder and management will remain in their respective roles and will continue to be major shareholders of the company. Gimv will complement the existing team by providing strategic and financial support for the further roll out of their growth strategy.

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Transaction Update: Bregal Unternehmerkapital is the new growth partner of Embassy Jewel

Bregal unternehmerkapital

Another Swiss company with long-standing tradition has entered a partnership with Bregal Unternehmerkapital. The acquisition of the majority stake in Embassy Jewel, a retail company specialising in luxury watches and jewellery, is the sixth investment by the current Bregal Unternehmerkapital fund and the second transaction in Switzerland.

Embassy has grown steadily over the years since it was established in 1970 by Kurt König, the father of Petra and Patrik König. Today, Embassy is one of the five largest retail companies in the sector and stands for the highest level of quality in the traditional Swiss watch market for more than 45 years. Highly respected and well-known within the luxury watch sector, the retail company operates five attractively located stores in Lucerne, the Swiss watch capital, as well as one shop in St. Moritz. With watches and jewellery from distinguished brands such as Breguet, Blancpain, Cartier, Jaeger-LeCoultre, IWC, Vacheron Constantin, Audemars Piguet, Breitling and numerous other manufacturers, Embassy appeals to an international clientele. With its new partner Bregal Unternehmerkapital, Embassy plans to make further investments to strengthen the branch network and the in-store infrastructure.

Patrik and Petra König continue to hold a significant stake in the company. As their new partner for growth, Bregal is delighted to support Embassy during the company’s next growth phase.

Press contact:

IRA WÜLFING KOMMUNIKATION
Dr. Reinhard Saller
Phone: +49 89 2000 30-30
bregal@wuelfing-kommunikation.de

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Reiten & Co becomes a major shareholder in Scanship Holding ASA

Reiten & Co has agreed to purchase 31.5 million shares in Scanship Holding AS from Teco Group AS, and will thus become the company’s largest shareholder with an ownership interest of 32.98 %.

“We are now looking forward to developing the company in close co-operation with its board of directors and management. We believe in value creation through active participation, development of growth areas that the company has already outlined and through structured strategy discussions,” says Bård Brath Ingerø, managing partner in Reiten & Co.

Digitalization and environmental technology represent exciting opportunities for value creation going forward, and Reiten & Co has highlightes these as focus areas in its investment strategy.

“With Scanship’s advanced technologies for processing waste and purifying water, the company is well positioned to add significant value in the years to come,” says Mr. Ingerø.

Scanship is a maritime industry leader within advanced waste and wastewater solutions for the cruise industry. With their technology, vessel owners have the solution to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent, which meets the highest international discharge standards.

The company’s technology can also be used in a number of exciting growth areas on-shore and for land-based industries. One example is their latest delivery of a complete bio-sludge treatment system for a smolt facility (Aquaculture). Another innovation is their new technology for recovering energy and water in waste and wastewater processes, using Microwave Assisted Pyrolysis or MAP. This provides tangible payback from operations.

Scanship’s overall vision is to provide the highest quality, the best innovations and sustainable solutions.

“Our ambition is to contribute to value creation for all stakeholders through our active participation. We have good experience with such work, for instance in Data Respons (DAT.NO) where we own 33 % of the shares,” says Narve Reiten, Founding Partner in Reiten & Co.

“We have followed Scanship and the industry with great interest for quite some time. When the company announced that the granted period for exclusive negotiations about a possible transaction had lapsed, we were able to close an agreement to acquire a substantial number of shares from the company’s leading investor Teco. We are pleased that Teco will remain a shareholder in the company, and that Tore Enger is willing to continue to serve on its board of directors,” says Reiten.

About Reiten & Co

Reiten & Co is one of Norway’s most experienced investment companies and invests in medium-sized Nordic companies with an international potential. Reiten & Co was established in 1992 and has approx. NOK 3.5 billion under management. Reiten & Co takes on an active ownership role in their portfolio companies through providing financial and strategic expertise, operational improvements and growth strategies. Reiten & Co has invested in 25 companies, amongst the industries IT / digitization, oil / offshore, industrials, and various service and consumer goods industries. The portfolio currently consists of 10 companies with a LTM turnover of approx. NOK 7.5 billion.

About Scanship Holding:

Scanship Holding is a maritime industry leader in advanced technologies for processing waste and purifying water. Owners operating their systems have the solution to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent, which meets the highest international discharge standards.

Norwegian Cruise Line, Royal Caribbean International, TUI, Carnival Cruise Line, Costa Asia, P&O Australia, MSC, Viking Ocean Cruises, Hurtigruten and Silversea are all being delivered with Scanship technology for environmental compliance.

Scanship’s new technologies will recover energy and water, providing tangible payback from the operations. The company strives for the highest quality, best innovations and sustainable solutions.

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KKR, Dunas Capital and Alua Hotels & Resorts Partner to Acquire 4 Hotels in the Balearic

  • KKR and Dunas Capital signed an agreement to acquire the Intertur hotels
  • The portfolio of 1,119 rooms in Mallorca and Ibiza will be managed by Alua Hotels and Resorts (“Alua”) and marketed under the Alua brand from 2018 onwards
  • The investment underlines KKR’s strong interest in leisure hotels in Southern Europe

LONDON– KKR, a leading global investment firm, the asset manager Dunas Capital and the hotel group Alua Hotels & Resorts today announced an agreement to acquire and manage the Intertur Hotels group.

Intertur Hotels is a prominent hotel group in the Balearic, with two assets in Mallorca (Palma Nova area), and two in Ibiza (Santa Eulàlia and San Antonio). The KKR-led venture aims at repositioning and modernizing the assets through a significant investment program. Alua will manage the hotels once the agreement is closed, and will market them under its brand starting 2018.

KKR and Dunas Capital’s real estate expertise, combined with Alua’s hospitality know-how, will be key to unlocking value in the portfolio. Guillaume Cassou, head of European Real Estate at KKR, commented “This portfolio of quality assets in strong locations offers a very solid basis to create value in a market benefiting from strong tailwinds. We are convinced that, together with our quality partners, we will be able to create value for our investors. This acquisition represents an exciting first step in KKR’s partnership with Dunas Capital and Alua, and all groups are looking forward to doing more together.

Andreu Nubiola, Managing Director at Dunas Capital Real Estate, said: “We are delighted to share our expertise in the Spanish market with KKR and Alua. We believe that the Spanish tourism sector currently has great potential and we are convinced that the combination of the capabilities of the three groups will yield very positive results.

Javier Aguila, CEO and co-founder of Alua Hotels & Resorts, also expressed his satisfaction: “We are excited to add assets with such quality and potential, and to kick-off this strategic collaboration with KKR and Dunas Capital. The transaction is a key milestone for our group, bringing rooms under management to over 3,200 in less than two years, thanks to the great job of our teams on the ground and the continued support of our shareholder, Alchemy Partners.”

KKR and Dunas Capital have been advised by Freshfields, Deloitte, Bird & Bird and Deerns. Intertur Hotels has Bufete Buades as advisor.

About KKR

KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Dunas Capital

Dunas Capital is an independent platform of financial services and a leader in the Iberian market. The group offers investment solutions through a portfolio of products covering fixed income, variable income, real estate and alternative assets, among others. Its team of professionals has extensive experience in financial markets (20 years on average), in industries such as banking, insurance and asset management. The firm is licensed by the Bank of Portugal, Portugal’s CMVM and Spain’s CNMV to carry out its activity in Spain.

About Alua Hotels & Resorts

Alua Hotels & Resorts is a hotel group created in 2015 by a group of executives with experience in the industry and by the European private equity and special situations investor Alchemy Partners, which has invested over €4 billion since its inception. Alua Hotels & Resorts aims to become a leader in the upper mid-market, and has a portfolio of fifteen hotels and about 3,200 rooms in the Balearic and Canary Islands. The group plans to expand by incorporating hotels and resorts of 3, 4 and 5 stars that offer vacations and leisure experiences in the main tourist destinations of Iberia.

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Investment Plan for Europe: EIB supports MariaDB with financing for accelerated growth

The European Investment Bank (EIB) announced a EUR 25m funding of MariaDB, the company behind the fastest growing Open Source database, to support the company’s next stage of growth and database innovation. This EIB operation is guaranteed under the European Fund for Strategic Investments (EFSI), a key element of the European Commission’s Investment Plan for Europe, aiming at reviving investment in strategic projects around Europe.

This is the EIB’s first financing for MariaDB. The EIB funding will be used to further product innovation for MariaDB’s expanding global enterprise client base and increase its sales and marketing teams in Europe, America, and Asia. Specifically, within Europe, the company will expand its European operations with new engineering hires in Helsinki.

Industry analysts provide different estimates on the database market, but they agree that it is in the midst of a massive shakeup that will disrupt established legacy vendors as businesses around the world look to adopt modern, open source databases. Companies like Telefonica, DBS Bank, Teleplan and more are re-architecting their infrastructure to reduce costs and modernize their business.

Industry estimates on the adoption of open source and growth of the database market include:

  • IDC expects the overall database market to reach $50 billion by 2017, up from $40 billion in 2015, according to their worldwide database forecast.*
  • Gartner estimates that more than 70 percent of new in-house applications will be developed on open source databases, while 50 percent of existing commercial databases will convert to open source by 2018.**
  • The popularity of open source database systems has increased from 35 percent four years ago to a new record high of 46 percent according to DB-engines, which tracks database popularity.

Supporting Quotes:

EIB Vice-President Ambroise Fayolle, whose responsibilities include EFSI and innovation, said: “We are pleased to be partnering with MariaDB in this breakthrough operation as it will enable the EU bank to support a European software company particularly strong in innovation and with significant growth potential. This is also what the Investment Plan for Europe is about: strengthening Europe’s global competitiveness by supporting high-skilled employment opportunities and enhancing Europe’s position as a major technology supplier.”

Michael Howard, CEO of MariaDB Corporation, said: “The investment from the EIB accelerates our ability to expand our product capabilities and continue to develop features that make MariaDB the easiest to use, the easiest to extend and the easiest to deploy in any environment. This funding is part of a multi-step strategy to strengthen MariaDB across Europe, America and Asia, and will help foster the next phase of growth for the company.”

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Developing new, innovative products requires sustained investment. I am delighted that the Investment Plan is unlocking finance to facilitate MariaDB’s development programme, that includes expanding their engineering team as well as increasing international sales and marketing operations. Focus on innovation and research as well as reaching out to new markets will help the company succeed in a highly competitive market.”

 

Background information:

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. In 2016 the EIB fostered projects in Finland with financing totalling EUR 2.22bn – an all-time record high for EIB commitment in Finland.

The Investment Plan for Europe, the so-called Juncker Plan, is one of President Jean-Claude Juncker’s top priorities. It focuses on boosting European investments to create jobs and growth by making smarter use of new and existing financial resources, removing obstacles to investment and providing visibility and technical assistance to investment projects.

The European Fund for Strategic Investments (EFSI) is the central pillar of the Investment Plan. It provides a first loss guarantee, allowing the EIB to invest in more, often riskier, projects. The EFSI is already showing concrete results. The projects and agreements approved for financing under the EFSI so far are expected to mobilise over EUR 183 billion in total investments and support over 427,000 SMEs across all 28 Member States.

In September 2016, President Juncker proposed to extend the EFSI by increasing its firepower and duration as well as reinforcing its strengths. You can find the latest EFSI figures by sector and by country here.

MariaDB
MariaDB Corporation is the company behind MariaDB, the fastest growing Open Source database. MariaDB is the default in major Linux distributions like Red Hat, Ubuntu and SUSE, which in total reaches more than 60 million. MariaDB can be deployed in a hybrid, public or private cloud with technologies like Docker, Microsoft Azure, Amazon Web Services and OpenStack. Over the past year, the company expanded its product portfolio to include MariaDB MaxScale and MariaDB ColumnStore, enabling a broader range of use cases across the enterprise. MariaDB, with its commitment to community innovation and customer success, is the leading database preferred by developers and trusted by enterprises.

*IDC: Worldwide Relational Database Management Systems Forecast, 2015.
**Gartner: Emerging Technology Trends Create Opportunities for DBMS Cost Optimization, April 21, 2016.

Press contacts:

EIB:
Alicja Chytla, a.chytla@eib.org, tel.: +352 4379 88233
Website: www.eib.org/press – Press Office: +352 4379 21000 – press@eib.org
Follow us on Twitter @eib

MariaDB
Cindy Clement
+1 303 241 4818
mailto:mariadb@clementpeterson.co
Website: https://mariadb.com
Follow us on Twitter: @mariadb

IK Investment Partners to acquire Messerschmitt Systems

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IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement with the founder to acquire Messerschmitt Systems AG (“Messerschmitt Systems” or “the Company”), a leading provider of access control and customised guest room management systems for the global hotel industry. Financial terms of the transaction are not disclosed.

Founded in 1994, Messerschmitt Systems has gained a reputation for combining system integration and product design, providing its clients with cutting-edge solutions which increase guest comfort and save energy. The Company’s multifunctional ‘Room Management Systems’ and innovative ‘Access Control Systems’ are trusted by more than 2,000 hotels worldwide. Founded by Hartmut Messerschmitt, the Company has grown into a leader within its niche with a fully integrated value chain from development, engineering and manufacturing to supply, installation and the related aftersales market.

“For more than 20 years, Messerschmitt Systems has set the standards in access control and guest room management systems for the premium and upscale hotel industry. It has truly been an extraordinary journey to take part of. The Company now enters its next phase of development, with Jürgen Roth as the CEO and IK as their partner. This gives me great confidence in the future of the Company,” said Hartmut Messerschmitt, Founder of Messerschmitt Systems.

“As the founder and former CEO of Messerschmitt Systems we would like to thank Hartmut Messerschmitt for his outstanding contribution to Messerschmitt Systems over the many years. Messerschmitt Systems is well-positioned to further capitalise on the growth opportunities in our sector by entering into new geographies and developing our business model. We are pleased to be working with IK given their considerable experience of growing businesses and international network,” said Jürgen Roth, CEO of Messerschmitt Systems.

“We had identified Messerschmitt Systems as a business with a very good product and service portfolio as well as a strong niche market position in an attractive market environment driven by hotel developments and renovations, resulting in a long-term profitable growth track record. The Company has a well-diversified customer base as well as a platform for international expansion. We thank Hartmut Messerschmitt for his trust in IK to continue the development of his company and we are excited to support Jürgen Roth and his team to further strengthen the Company’s position and drive growth,“ said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

For further questions, please contact:

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

Mikaela Hedborg, Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Messerschmitt Systems
Jürgen Roth, CEO
Phone: +49 911 919990
juergen.roth@messerschmitt.com

About Messerschmitt Systems AG
Messerschmitt is one of the leading manufacturer specialised in Access Control and Room Management Systems. More than 2,000 Hotels are using Messerschmitt Systems world-wide. References include Jumeirah, Kempinski and Lotte Hotels. For more information, visit www.messerschmitt.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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IK Investment Partners to acquire Messerschmitt Systems

ik-investment-partners

IK Investment Partners to acquire Messerschmitt Systems

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund has reached an agreement with the founder to acquire Messerschmitt Systems AG (“Messerschmitt Systems” or “the Company”), a leading provider of access control and customised guest room management systems for the global hotel industry. Financial terms of the transaction are not disclosed.

Founded in 1994, Messerschmitt Systems has gained a reputation for combining system integration and product design, providing its clients with cutting-edge solutions which increase guest comfort and save energy. The Company’s multifunctional ‘Room Management Systems’ and innovative ‘Access Control Systems’ are trusted by more than 2,000 hotels worldwide. Founded by Hartmut Messerschmitt, the Company has grown into a leader within its niche with a fully integrated value chain from development, engineering and manufacturing to supply, installation and the related aftersales market.

“For more than 20 years, Messerschmitt Systems has set the standards in access control and guest room management systems for the premium and upscale hotel industry. It has truly been an extraordinary journey to take part of. The Company now enters its next phase of development, with Jürgen Roth as the CEO and IK as their partner. This gives me great confidence in the future of the Company,” said Hartmut Messerschmitt, Founder of Messerschmitt Systems.

“As the founder and former CEO of Messerschmitt Systems we would like to thank Hartmut Messerschmitt for his outstanding contribution to Messerschmitt Systems over the many years. Messerschmitt Systems is well-positioned to further capitalise on the growth opportunities in our sector by entering into new geographies and developing our business model. We are pleased to be working with IK given their considerable experience of growing businesses and international network,” said Jürgen Roth, CEO of Messerschmitt Systems.

“We had identified Messerschmitt Systems as a business with a very good product and service portfolio as well as a strong niche market position in an attractive market environment driven by hotel developments and renovations, resulting in a long-term profitable growth track record. The Company has a well-diversified customer base as well as a platform for international expansion. We thank Hartmut Messerschmitt for his trust in IK to continue the development of his company and we are excited to support Jürgen Roth and his team to further strengthen the Company’s position and drive growth,“ said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

For further questions, please contact:

IK Investment Partners
Anders Petersson, Partner
Phone: +49 40 369 8850

Mikaela Hedborg, Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Messerschmitt Systems
Jürgen Roth, CEO
Phone: +49 911 919990
juergen.roth@messerschmitt.com

About Messerschmitt Systems AG
Messerschmitt is one of the leading manufacturer specialised in Access Control and Room Management Systems. More than 2,000 Hotels are using Messerschmitt Systems world-wide. References include Jumeirah, Kempinski and Lotte Hotels. For more information, visit www.messerschmitt.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

 

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Johan Van de Steen joins IK Investment Partners

ik-investment-partners

Johan Van de Steen joins IK Investment Partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that Johan Van de Steen has joined the firm as Operating Partner as of April 2017. Johan will head IK’s Strategy, Operations and Business Control (SOBC) team.

Johan Van de Steen, 51, has substantial hands-on industrial experience, acquired over more than two decades in the corporate, management consulting and private equity environments. He began his career in industry, working for Siemens before joining McKinsey & Company as a strategy consultant.  He then became one of the founding European team members of KKR Capstone. Johan spent 15 years in private equity before joining IK.

In total, Johan brings more than 23 years of operating experience to IK. He will work closely with IK investment professionals and management teams to support IK’s existing portfolio companies to reach their full potential.

Johan holds a Master of Business Administration from INSEAD in France and a Master of Science degree in Electronics Engineering from Katholieke Universiteit Leuven in Belgium.

“Johan has a unique background with an exceptional toolkit of operational skills, a vast network of industrial contacts and a firm command of several European languages. As such, he is particularly well fitted to contribute to IK’s active ownership model. We are looking forward to taking a further step in sharpening our firm’s operational skill set,” said Christopher Masek, CEO of IK Investment Partners.

“I was very much attracted to IK’s strong operational focus and hands-on approach as they partner with management teams to help businesses grow and expand. I look forward to collaborating closely with the investment teams and the companies across IK’s portfolio,” said Johan Van de Steen, Operating Partner at IK Investment Partners.

For further questions, please contact:

IK Investment Partners
Christopher Masek, CEO
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

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Oakley Capital – Acquisition of Plesk

Oakley Capital logo

Oakley Capital Private Equity III (“Fund III”) has completed a deal to acquire the assets and operations of Plesk, at an enterprise value of $105 million, as a carve out from the Parallels Group. Fund III has invested $27.4 million (€25.2 million) for a 51% controlling stake in the business. The investment in Plesk represents another primary, proprietary deal in one of Oakley’s core sectors, originating from long-standing relationships within the hosting industry.

First released in 1999, Plesk is one of the most widely used control panels and software platforms for simplifying the lives of Web Professionals. Plesk’s web-server management tools secure and automate server and website administration as well as operations. Key features include the automation and management of domain names, email accounts, web applications, programming languages, databases and infrastructure tasks to provide a ready-to-code environment and strong security across all layers and operating systems. The Plesk software platform operates on more than 350,000 servers globally, supporting the operations of more than 10 million websites and 18 million email boxes. Plesk is available in 32 languages globally and many of the top cloud and hosting service providers partner with Plesk.

Plesk generated revenues of $28 million and EBITDA of approximately $14 million for the year ended 31 December 2016. The business is expected to drive growth through a number of clearly identified revenue and operational initiatives, made possible by focussed management following its separation from the Parallels Group.

Arthur Mornington, Partner Oakley Capital, commented:

“We are delighted to be investing in Plesk, which is a widely used software platform with significant growth potential in a sector we know well. We are excited to be partnering with a strong management team and we believe that our combined experience will support the business as it moves into the next phase of its development.”

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