Venture Capital Company Cinven Acquires Web Host One.com
December 25, 2018
Venture capital and private equity company Cinven has acquired web host One.com. Cinven, which has headquarters in London, United Kingdom, has portfolio teams in Europe, United States and Asia. The company invests across a variety of “sectors, regions, disciplines and functions”. Cinven was sold by the private equity firm Accel-KKR and in acquiring One.com it has bought one of Europe's largest web hosts. Financial aspects of the deal have not been released.
Established in Denmark in 2002, One.com offers a range of web hosting services including “great value hosting plans with free email hosting, SSL and domain names all in one package” alongside WordPress packages, domain registration services and Office 365 options. The company has around 1.5 million customers in Europe. It manages “48,000,000 emails and 8,000,000,000 web page queries every month”. Cinven’s acquisition of One.com mirrors its acquisition of Host Europe Group in 2013 - a deal that cost Cinven $668 million before the group was sold on to GoDaddy for $1.8 billion.
"The vision of One.com since its founding has been to deliver value-added and easy-to-use solutions to small- and medium-sized businesses and prosumers,” explained One.com’s Founder and CEO, Jacob Jensen in a press release. “We're proud to have further accelerated that vision with Accel-KKR, which provided strategic and operational experience, including its extensive expertise in cloud and web hosting companies."
"We are very proud that One.com cemented its leadership position in Europe under our ownership,” added Accel-KKR’s Managing Director, Greg Williams. “Jacob and his team have been tremendous partners and we look forward to seeing One.com's continued growth and success with Cinven."