Private equity investor Perwyn has taken a majority stake in Miss Group.

The investment sees repeated investor BGF exit the fast-growing Manchester firm.

Miss Group offers services including web hosting, domain registration and VPS to SMEs.

It received almost £20m backing from BGF over two rounds in 2018 and 2019, which became a minority equity partner.

It subsequently completed seven acquisitions across Scandinavia, Spain and the US.

Revenue has grown from £8m to £25m since BGF’s investment and EBITDA has increased from £2.5m to £11m.

next story
UK TECH BUSINESS DEALS IN 2020

Mattias Kaneteg, Miss Group founder and CEO, said: “When we met BGF, we had ambitious plans for growth and a strategy to add additional complementary acquisitions to our group in geographies where we could see strong potential.

“We’ve exceeded our own expectations and couldn’t be happier with the support and insight we’ve received through partnering with BGF.

“As we look ahead to our next chapter with Perwyn, we will continue to play to our strengths in marketing our market-leading proposition to SME customers with a focus on Scandinavia, Spain and the US.”