
Oakley-backed Plesk buys Xovi
Oakley Capital portfolio company Plesk has wholly acquired German software company Xovi for an undisclosed amount.
The Xovi extension will be integrated into Plesk's existing website-building software as a search optimisation and social media function. Plesk says both developers and their end customers will benefit from the added functionality.
Oakley acquired Plesk in March 2017 in a deal that valued the business at $105m. Oakley invested $27.4m for a 51% stake in the company using capital drawn from its third fund.
Plesk said in a statement that it is committed to driving growth by adding further extensions to its software platform. The acquirer employs 200 people and generated a €14m EBITDA from €30m in revenues in 2016.
Company
Xovi has been developing online marketing software since 2009. It offers clients an online marketing suite that facilitates collection and analysis of web traffic data and assists with search engine optimisation. The company is based in Cologne and employs 20 people.
People
Plesk – Nils Hueneke (CEO).
Xovi – Maik Benske (CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater