Fast-growing Manchester-headquartered Miss Group has secured a £13m follow-on investment from BGF, the UK and Ireland’s most active investor, to support its international acquisition strategy.
Founded in 2014, Miss Group is an international web hosting business that offers a range of services to the SME market, such as web hosting, domain registration, VPS and dedicated servers.
Following BGF’s initial investment in August 2018, Miss Group acquired Hemsida24 and Heymo to grow its reach across Scandinavia. The deal saw the company add 14,000 customers and €1m EBITDA to the business. The acquisition of FS Data in March 2019 of FS Data brought 30,000 more customers to the business and £1.5m EBITDA. The follow-on investment from BGF will support further European acquisitions as Miss Group embarks on its next phase of growth.
The deal brings BGF’s total investment into Miss Group of £19m, supporting significant growth over this period with 2019 projected sales of £21m. Prior to BGF investment Miss Group have received funding from Harbert European Growth Capital.
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