Fast-growth web hosting business, Miss Group, has acquired UAB Interneto Vizija, headquartered in Vilnius, Lithuania.
Founded in 2003, UAB Interneto Vizija (IV) is a market leading web hosting business with around 68,000 customers, 170,000 registered domains and with 60% market share in Lithuania. Through its subsidiary company, Rackray (www.rackray.com/lt), IV also runs a Tier III data centre based in Vilnius.
Alongside its core shared web hosting and data centre offerings, IV provides services including website development, e-mail, domain names, VPS servers and security certificates. The combined web hosting and data centre businesses have reported excellent growth in recent years, with FY2020 revenue forecast at €11.5m and EBITDA margins in excess of 50%.
In February 2020, Perwyn acquired a majority position in Miss Group to support the growth ambitions of the business through international expansion and ongoing M&A. This deal is the second acquisition to be completed under Perwyn ownership and the eleventh acquisition for Miss Group in the past two years.
Mattias Kaneteg, Miss Group founder and CEO, said: “This transaction provides a great platform for expansion across the Baltic region. IV is an excellent business and we are looking forward to growing both the shared web hosting and datacentre divisions and delivering new value-added solutions to our customer base in Lithuania. I am delighted to be welcoming IV to the Miss Group family and we look forward to working with our new colleagues to develop and grow the business.”
Miss Group was supported on this transaction by:
• Corporate advisory – Anecta (Eric Forsner and Fredrik Ullberg)
• Legal advice – Squire Patton Boggs UK (Giles Chesher and Matt Canipa) and Eversheds in Lithuania (Rimtis Puišys)
• Financial and tax due diligence – EY UK (Steven Kingham and Jace Swift) and Lithuania (Agnė Petkevičiūtė and Leonas Lingis)
• IT due diligence – Digital Pathfinders (Neil McGowan)
About Miss Group
Founded in 2014, Miss Group is an international web hosting group that offers a range of hosting related services at competitive prices including web hosting, domain registration, VPS, dedicated servers, website builder, SSL-Certificate, SEO Tools, web security and domain management. Miss Group is also an ICANN-accredited Domain Name registrar via Name ISP. Miss Group is a well-established operator in its core markets, with a customer service-oriented model driving industry-leading performance metrics for its approximately 200,000 customers.