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NetBenefit
Established in 1995, NetBenefit is one of the UK’s most experienced managed hosting companies
Completed Transactions - NetBenefit Logo
Sector:
Hosting & Datacentres
Transaction Type:
Disposal
Date:
June 2012
Deal Value:
£25m

The sale of NetBenefit (UK) Limited (“NetBenefit”; the “Company”) for £25m in cash to PEER 1 Network Enterprises, Inc. of Canada is the latest managed hosting disposal completed by Oakley Capital Corporate Finance (“Oakley”). PEER 1, operating as PEER 1 Hosting (“PEER1”), a leading provider of IT infrastructure, has signed a definitive agreement to acquire NetBenefit, a leading UK-based managed hosting provider and a division of Group NBT Limited (“Group NBT”). The transaction is expected to close on 1 July.

Oakley advised Group NBT, which was bought in 2011 by the private equity group HgCapital, on the sale of NetBenefit. Established in 1995, NetBenefit is one of the UK’s most experienced managed hosting companies. NetBenefit specialises in providing tailored managed hosting solutions that deliver security, resilience and online performance for business critical websites and applications. The Company principally serves small to medium-sized businesses but has also had notable success providing its solutions to larger corporate customers. NetBenefit’s team consists of experienced account managers, pre-sales, project managers, technical architects and engineers, dedicated to helping guarantee the online success of customer businesses.

Daniel Havercroft, Director, led the transaction with Chris Godsmark, joint Managing Partner and Anthony Yaneza, Associate.

Daniel Havercroft, said,

“Oakley has established a very strong presence in the managed hosting M&A market, with 4 deals completed in the last 12 months. We ran a competitive sale process for NetBenefit and worked closely with PEER 1 to hit a tight timetable. The deal significantly enhances PEER 1’s presence in the UK managed hosting market, which continues to show strong growth. Our deal pipeline in the overall hosting market remains very healthy.”

For further information please contact:
Chris Godsmark, Partner
Daniel Havercroft, Managing Director
+44 207 766 6900

*Completed by Oakley Capital Corporate Finance

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