Tikehau invests £80m in IT and web hosting firm Claranet

The GP has invested via a combination of equity and preferred equity, alongside existing shareholders.

Following the deal, Claranet will continue to implement its acquisitive and international expansion strategy. In the last six months alone, the company bolted-on Dutch IT services provider Rely and Brazilian cloud services provider CredibiliT Tecnologia, as well as launching a new Italian division.

Company
Founded in 1996 and headquartered in London, Claranet is an IT and web hosting company. The business generates revenues of around £220m, according to a statement, and has additional operations in France, Germany, Spain, Portugal, Italy, the Netherlands and Brazil.

Claranet has a headcount of around 1,300 and a client base of around 6,000 customers. In the year ending June 2016, prior to the acquisitions of CredibiliT and Rely, the business generated a turnover of £152.5m and adjusted EBITDA of £29.4m, according to publicly available documents.

People
Tikehau Capital – Antoine Flamarion (co-founder); Thomas Grob (co-head of principal investments); Mathieu Badjeck (associate investor); Claire Bellavoine (private equity analyst).

Advisers
Equity – Goodwin, Maxence Bloch, Simon Servan Schreiber, Yoann Labbé (legal); Eight Advisory, Justin Welstead, Blandine Baiget, Alexis Karklin-Marchay, Jennifer Fabbro (financial due diligence); Arsène Taxand, Denis Andres, Yoann Chemama, Sophie Galarza (tax); EY, Olivier Wolf, Nick Padgett (strategic due diligence).
Company – Lazard, Vincent Le Stradic, Guillaume Daraux, Lara Beaumont (corporate finance); Hogan Lovells, Peter Watts, Daniel Simons, Cees Brouwer (legal); EY, Neil Hutt, Katie Bridge (financial due diligence); BDO, Tim Ferris, Vaughan Lister (tax).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture