HgCapital buys 69% Dada stake for €46m

According to public documents, the GP acquired a 69.4% stake in the business for €46.33m, with a 400 cent share price. Following the transaction, the fund manager aims to acquire the remaining stake at the same share price, for a total value of €66.7m.

The deal saw the GP acquire the business from Luxembourg-based holding Libero Acquisition and the management team. The latter will retain its role in the business following the sale.

Company
Established in 1995, Dada provides web-related services, including hosting, domains, servers and cybersecurity for SMEs. Headquartered in Florence, the company also has a presence in the UK, Spain, Ireland, France, Portugal and the Netherlands.

In 2016, the business posted €63.7m in revenues, a €10.6m EBITDA and a €3.98 EBIT.

People
Dada – Claudio Corbetta (CEO); Lorenzo Lepri (chief financial officer).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Technology
• HgCapital
• Italy