BGF invests £13m in Miss Group

BGF is a minority, non-controlling equity partner, which typically invests between £1-10m in companies across the UK and Ireland.

Since 2018, Miss Group has acquired Hemsida24 and Heymo to grow its presence in the Nordic region, adding 14,000 customers and €1m EBITDA to the business. The acquisition of FS Data in March 2019 brought 30,000 more customers to the business and £1.5m EBITDA. The company is projecting sales of £21m for 2019.

Previous funding
Harbert European Growth Capital provided debt financing to the company in March 2018.

BGF invested £6.4m in the company in August 2018.

Company
Miss Group provides a range of IT services to SMEs including domain registration, site building, web hosting and email management.

The company was founded in Sweden and is now headquartered in Manchester. Founded in 2014, it operates offices in the US, Mexico, India, Bulgaria and the Nordic region. It employs more than 80 people.

People
BGF – Pinesh Mehta (investor).
Miss Group – Mattias Kaneteg (founder, CEO).

Advisers
Equity – Knights (legal).
Company – Squire Patton Boggs (legal).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• BGF (Business Growth Fund)