Montefiore, M80 back Gandi.net

Ramoin explained in a statement that the company will now look to acquire other businesses for the first time thanks to the private equity backing.

The transaction sees US-based investor Stephens, which has backed Gandi.net since 2005, exit its investment.    

M80, acquiring a smaller stake than Montefiore, invested via its maiden fund, which held a €100m first close in November. 

The transaction's equity-debt ratio is around 70:30, with HSBC providing senior debt, Unquote understands. 

Company
Founded in 1999 and based in Paris, Gandi.net allows its clients to purchase domain names and today manages around 2.5 million domain names.

The business has revenues of €37m and 800,000 customers, according to a statement. More than half of its sales come from France, though revenues from abroad have contributed substantially since the company created overseas subsidiaries in 2012.

People
Gandi.net – Stéphan Ramoin (founder, CEO).
Montefiore Investment – Daniel Elalouf (managing partner); Marie Londero (investment director); Hugo Maillot (chargé d'affaires).

Advisers
Equity – PwC Transaction Services, Arnaud Thibésart, Julien Sauvard (financial due diligence); PwC Société d'Avocats, Jean-Philippe Brillet, Jérémie Schwarzenberg (tax); CMI, Nicolas Kandel, Roman Girard, commercial due diligence (legal); McDermott Will & Emery, Grégoire Andrieux, Fabrice Piollet, Pierre-Arnoux Mayoly, Shirin Deyhim (legal); Mayer Brown, Benjamin Homo, Alexandre Chagneau (legal); De Gaulle Fleurance & Associés, Jonathan Souffir, France Hong (legal).
Company – Jeausserand Audouard, Arnaud Levasseur, Elodie Cavazza (legal): Deloitte, Philippe Serzec, Arnaud Guillou (financial due diligence); Winston & Strawn, Jérôme Herbet, Aurélie Camard (legal).

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