This is the fourth acquisition in 2021 for the fast-growth web hosting company.
The acquisition of ADW Europe SL is the fourth to be completed by Miss Group this year to date and adds a further 1,400 international SME customers to the Group. It’s the first Spanish bolt-on to Profesional Hosting, which was acquired by Miss Group in 2019. The combination of the two businesses is expected to accelerate revenue and EBITDA growth for the Group in the Spanish market.
In February 2020 Perwyn, the family-backed private equity business, acquired a majority position in Miss Group to support the growth ambitions of the business through international expansion and ongoing M&A. ADW Europe SL is the sixth acquisition to be completed under Perwyn ownership, and the fifteenth acquisition completed by Miss Group since 2018.
Mattias Kaneteg, Miss Group founder and CEO, said: “With an impressive and established track record spanning more than 20 years, ADW Europe SL’s capability to deliver excellent services to clients both in Spain and internationally, combined with its deep-rooted knowledge of web hosting and other services, will support our growth in Spain and other markets as part of our ongoing international growth.
“With an experienced local management team in Profesional Hosting, we expect the integration process to be a smooth one that will further strengthen Miss Group’s service offering as a best-in-class provider of hosting, domain and other web services that our customers require.”
ADW Europe SL’s founder, Adolfo Doliwa, added: “At ADW we’ve always operated with a clear focus on continuous improvement and the satisfaction of our clients. It was crucial for us to find a business that shares our customer-first approach and values, and we’ve found that in Miss Group. We’re extremely pleased to be joining Profesional Hosting as part of Miss Group to enhance the breadth and depth of services and support we can offer to our customers.”
Miss Group was supported on this transaction by:
- Legal advice – Squire Patton Boggs (Antonio Cañadas, Giles Chesher and Matt Canipa)
- Financial due diligence – EY (Steven Kingham and Jace Swift)
- Corporate advisory – Anecta and Windcorp Translink (Eric Forsner, Fredrik Ullberg and Josep Pere Gutierrez)
ADW Europe SL was advised by:
- Legal and Financial advice – EUSKALTAX, S.L. (Alvaro Echevarri, Jon Alvarez and Asier Guezuraga)