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IP Partner AG
Oakley advises IP Partner AG on the disposal to QSC AG
Completed Transactions - IP Partner AG
Hosting & Datacentres
Transaction Type:
January 2011
Deal Value:
Up to €25m

With the disposal of German hosting provider IP Partner AG (“IP Partner”; “the Company”), Oakley Capital Corporate Finance (”Oakley”) has enhanced further its pan-European web hosting capability. Oakley, the mid-market Corporate Finance and Corporate Broking specialist, advised the shareholders of Nuremburg-based IP Partner on the disposal to QSC AG (“QSC”), the German quoted B2B telecommunications provider.

Formed in the year 2000, IP Partner is a fast-growing provider of hosting and IT outsourcing services for small and mid-size enterprises. With around 60 staff, the Company is expected to generate revenues of €14 million and positive net profit in calendar 2010. IP Partner operates two data centres in Munich and Nuremberg with more than 10,000 servers for over 1,000 business customers. Construction is currently underway on further data centres with total floor space of 3,000 square metres. In recent years, IP Partner has been growing its revenues by an average of more than 30% per annum. With this acquisition, QSC is accelerating its transformation process from a telecommunications provider to an integrated information and communications technology service provider, thus enabling it to offer its predominantly small and mid-size customers a far broader spectrum of products and services.

QSCis paying €15m in cash to the shareholders of IP Partner under the deal terms, with an earn-out of up to a further €10 million payable by no later than the end of April 2012.

The transaction is the 24th completed by Oakley since November 2007 and confirms our position as one of the most active mid-market corporate finance houses in its chosen industry sectors: telecommunications, technology, media and financial services. Oakley remains very busy in the European hosting market and is advising several other hosting providers currently on their strategic options for 2011. In late 2010 Oakley advised Host Europe Corporation Limited, one of the largest European SME managed hosting providers, on its sale for £222m to Montagu Private Equity.

Chris Godsmark, Joint Managing Partner of Oakley, said,

“we are delighted to have assisted IP Partner on the sale to QSC, which was conducted as a private disposal process. The sale shows the continuing M&A activity in the European hosting market and provides us with another opportunity to demonstrate our in-depth understanding of the sector.”

For further information please contact:
Chris Godsmark, Partner
+44 207 766 6900

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