M&A Deal Summary

HgCapital Acquires Combell

On December 21, 2018, private equity firm HgCapital acquired internet software and services company Combell from Waterland Private Equity

Acquisition Highlights
  • This is HgCapital’s 13th transaction in the Internet Software and Services sector.
  • This is HgCapital’s 1st transaction in Belgium.
Investment Fate
  • Combell merged with another company in 2019.

M&A Deal Summary

Date 2018-12-21
Target Combell
Sector Internet Software and Services
Buyer(s) HgCapital
Sellers(s) Waterland Private Equity
Deal Type Secondary Buyout

Target

Combell

Ghent, Belgium
website
Combell is a mass web hoster offering services from domain names, email and shared hosting to online presence, e-commerce solutions and server hosting in the cloud. Combell was founded in 1999 and is based in Ghent, Belgium.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 104 of 138
Sector (Internet Software and Services) 13 of 20
Type (Secondary Buyout) 32 of 47
Country (Belgium) 1 of 3
Year (2018) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 fundinfo

Zurich, Switzerland

fundinfo is a technology platform for fund data and documents publication and dissemination to the global fund industry. fundinfo facilitates the publication & dissemination of fund data and documents between asset managers and distributors of funds (including banks, insurance companies, financial advisers, family offices, fund platforms). With over 500 asset management clients, and a network of over 100 distribution partners across Europe and Asia, fundinfo enables over 19 million documents to be made available to the fund industry in a compliant and visible way. fundinfo was founded in 2005 and is based in Zurich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 HHAeXchange

New York, New York, United States

HHAeXchange is a homecare management software solution for the Medicaid LTSS population. The company acts as a single source of truth in connecting payers, providers, and patients through an intuitive web-based platform, enabling unparalleled communication, transparency, and visibility. HHAeXchange was formed ion 2008 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 28 of 43
Sector (Internet Software and Services) 1 of 2
Type (Secondary Buyout) 14 of 22
Country (Belgium) 10 of 14
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 Intracto Digital Agency

Herentals, Belgium

Intracto Digital Agency is a provider of digital IT solutions. Intracto Digital Agency was founded in 2005 and is based in Harentals, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Sandcastle Care

Blackpool, United Kingdom

Sandcastle Care provides high-quality, highly nurturing residential care for some of the most vulnerable young people in society. The company offers long-term therapeutic care across 18 sites. Sandcastle Care was founded in 2004 and is based in Blackpool, England.

Buy -