Oakley Capital has announced the sale of intergenia GmbH for an enterprise value of €210m. The deal crystallises a 2.5x gain, a 36% IRR, for the Oakley funds that backed the original deal, including Oakley Capital Investments Limited. The fund’s share of the proceeds is €21m.
They say intergenia is headquartered in Cologne and is a leading supplier of Internet hosting solutions (in particular of managed and dedicated server hosting). intergenia provides a wide range of shared, dedicated and fully-managed solutions (also in the form of cloud hosting) through its brands PlusServer, serverloft, Server4You and Unmetered.com. In addition, intergenia operates Datadock, Europe’s greenest data centre. The company also runs WorldHostingDays, the largest series of hosting trade shows worldwide. intergenia generated earnings before interest, tax depreciation and amortisation (“EBITDA”) of €13.8m in the financial year ending 31 December 2013. intergenia’s current run-rate EBITDA is above €20m following recent acquisitions.
OCL : Oakley Capital sells intergenia