May 24, 2022
Translink’s partner in Sweden, Anecta, acted as financial and strategic advisor to Miss Group in their second acquisition in 2022. The acquisition of Cloudnet is a return for Miss Group to the Swedish M&A market.
Miss Group has acquired the web hosting business Cloudnet, Sweden’s largest managed hosting company specialising in the operating system Linux. Cloudnet currently services c. 500 SME customers primarily located in Sweden.
The acquisition of Cloudnet takes the total number of acquisitions Anecta has completed together with Miss Group since 2018 to 18 transactions. Miss Group’s ambitious growth trajectory saw proforma revenues for the year ending December 2021 reach €66 million with a 43% EBITDA margin.
With strong organic growth and future acquisitions, the Group anticipates reaching €100 million turnover and 45% EBITDA margin within the next 12 months. Headquartered in Stockholm, Cloudnet was established in 2010 by Magnus and Anders. The founders will both leave the business post-acquisition, with day-to-day management transitioning to Miss Group’s established management team in Sweden.
“Cloudnet has established a fantastic reputation in the Swedish market, not only for its knowledge base and expertise but also for its customer service-led approach to supporting SME customers as their businesses grow. This is an approach that resonates with Miss Group’s own customer service-oriented model and where Cloudnet’s expertise will complement our offering. As part of Miss Group, Cloudnet will have unrivalled access to our international network of technical expertise, as well as a leading range of products and services to offer its customers. Once again, we thank Anecta for its valuable work as the financial advisor in this acquisition,” said Fredrik Björklund, co-founder and CEO of Miss Group.
“This is a great opportunity to strengthen Cloudnet’s offering both in terms of customer service and the types of products Cloudnet can deliver. We are happy to see how similar both companies’ passion for providing insanely great customer support are, so we are sure this will even further improve the experience for our existing and future customers,” said Anders and Magnus, founders of Cloudnet.
Anecta has long-standing experience of buy-side M&A advisory. We handle all steps of the transaction process, during which we execute our clients’ acquisition strategy and lead the entire process, including due diligence and negotiation.
“We are immensely grateful for the continued confidence to assist Miss Group in building one of the world’s fastest growing web hosting groups. The acquisition of Cloudnet is our eighteenth transaction together with Miss Group. Cloudnet has managed to become market leading within their niche of managed hosting and with Miss Group as a new owner, there are all the prerequisites for a continued growth journey together,” concluded Sebastian Süllmann, M&A Analyst at Anecta.
Contact our Team Members advising in this transaction:
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Fredrik Ullberg
Anecta Translink
Partner
fullberg@translinkcf.com
