Gleiss Lutz advised GoDaddy Inc. on its acquisition of Host Europe Group (HEG) from the private equity firm Cinven. GoDaddy acquires HEG for EUR 1.69 billion, including EUR 605 million paid to the selling shareholders and EUR 1.08 billion assumed net debt. Closing is subject to customary regulatory approvals and expected to be completed in the second quarter of 2017. GoDaddy is listed on the New York Stock Exchange.
GoDaddy, the world´s largest cloud platform dedicated to small, independent ventures, serves more than 14 million customers worldwide with more than 63 million domain names under management and expanded its business to 56 markets. HEG is the largest privately-owned web services provider in Europe. With strong core markets in Germany and the UK, HEG has more than 1.7 million customers.
Gleiss Lutz advised GoDaddy on the transaction together with Wilson Sonsini Goodrich & Rosati (San Francisco/Palo Alto) as well as Slaughter & May (London). The Gleiss Lutz team headed by Prof. Dr. Gerhard Wegen and Dr. Adrian Bingel (both partner, corporate/M&A, Stuttgart) included the following lawyers:
Dr. Ralf Morshäuser (partner, Munich), Dr. Hans-Georg Schulze (Berlin), Dr. Jan Stenger, Dr. Maike Sauter, Dr. Markus Martin, Simon Dewes (all Stuttgart), Dr. Tobias Falkner, Roland Sterr (both counsel, Munich) (all corporate/M&A), Dr. Eric Wagner (partner), Anna Hedwig Karpf, Britta Kamp (all Stuttgart), Dr. Maximilian Hoffmann (Munich) (all dispute resolution), Prof. Dr. Gerhard Röder (partner), Dr. Andreas von Medem, Muriel Kaufmann (all employment, Stuttgart), Dr. Johann Wagner (partner, tax, Hamburg), Dr. Jonas C. Rybarz, Konrad H.J. Discher (both real estate, Berlin).
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