GoDaddy to Acquire Host Europe Group for $1.79 Billion
On December 6, 2016, GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, announced that it has entered into a definitive agreement to acquire Host Europe Group (HEG), the largest privately owned web services provider in Europe, for €1.69 billion ($1.79 billion), including €605 paid to the selling shareholders and €1.08 billion in assumed net debt. Wilson Sonsini Goodrich & Rosati is representing GoDaddy in the transaction.
Currently owned by Cinven, one of Europe's leading private equity firms, HEG serves small businesses and web experts, and has built a thriving business with more than 1.7 million customers. With strong positions in the UK and Germany, including brands such as 123Reg, Domain Factory, Heart Internet, and Host Europe, HEG complements GoDaddy's leading position in the United States and fast-growing international footprint.
The transaction has been approved by GoDaddy's board of directors and HEG's shareholders, and is expected to close in the second quarter of 2017, subject to customary regulatory and other closing requirements.
The WSGR team representing GoDaddy in the transaction includes:
Employee Benefits and Compensation:
For more information, please see GoDaddy's press release.