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Oakley’s 100th deal is advising GoDaddy on its €397m proposed sale of PlusServer to BC Partners
July 20th, 2017
godaddynews
Company Name
GoDaddy
Company Sector
Hosting & Datacentres
Deal Size
€397m
Location
Germany

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised GoDaddy Inc. (“GoDaddy”) on the  proposed sale of its PlusServer business to funds advised by BC Partners, for an enterprise value of €397 million. Subject to regulatory approval, the deal is expected to close by the end of August.

PlusServer is headquartered in Cologne, Germany and is a leading Managed Hosting provider in Germany. Based on a comprehensive product portfolio, which is optimised for the needs of SMEs and large companies, PlusServer develops individual hosting and cloud solutions.

The sale is in line with GoDaddy’s stated intent to explore strategic alternatives for the PlusServer business, which it acquired as part of the Host Europe Group (HEG) acquisition. The Oakley team comprised Chris Godsmark, Managing Partner, Daniel Havercroft, Partner, Anthony Yaneza, Director, Marc Jones, Assistant Director and Marijn van Baar, Associate.

The deal is the 100th transaction since Oakley Advisory and its predecessor was founded in late 2007. The PlusServer sale demonstrates Oakley’s knowledge and extensive network in the hosting and IT managed services sectors and its track record of significantly sized mid-market deals in Germany.

Chris Godsmark said: 

“This has been a busy last few months for Oakley, with 13 deals either completed or signed in 2017 alone and 20 deals completed or signed in the past 12 months. We remain as committed as ever to providing high quality service to our clients, including corporates and PE funds and in sale and buy-side processes.”

Commenting on the PlusServer process, David Popowitz, Senior Vice President of Corporate Development at GoDaddy, said:

“Throughout this process, the Oakley team demonstrated deep industry knowledge and relationships, and managed a fast-paced and competitive auction process that produced an outstanding result for GoDaddy. The entire team was a pleasure to work with and we look forward to working with them again on future assignments.”

Oakley Advisory
Oakley is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.


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