LDC exits Nexinto in trade sale to Plus Server
LDC has sold its stake in Hamburg-based e-commerce platform Nexinto to The Plus Server Group.
The transaction is a bolt-on acquisition for German internet hosting and data security company Plus Server, which was acquired by BC Partners in July 2017.
With the acquisition, Plus Server intends to expand its range of IT support and multi-cloud service offering. It expects the combined business to generate €140m in revenues.
Previous funding
Nexinto was spun out in 2013 prior to the sale of LDC portfolio company Easynet to MDNX Group in a deal backed by Equistone. LDC worked with the management team of Nexinto to support the company through its next stage of growth as an independent business.
Company
Founded in 1994, Nexinto is headquartered in Hamburg and was previously known as Easynet. It delivers e-commerce platforms for its customers, and employs a staff of 200. The firm claims to manage 20% of the German e-commerce market.
People
LDC – David Andrews (investment director).
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