Mid-market private equity house LDC has exited its investment in Nexinto, a leading provider of e-commerce hosting sourcing solutions.
The Hamburg-based business has been acquired by The PlusServer Group, a market leading managed cloud services provider in Germany, Austria and Switzerland. The deal creates a combined business with €140m in revenues.
Nexinto delivers high-end e-commerce platforms for its customers and manages more than 20 per cent of the German e-commerce market. The transaction will support The PlusServer Group in expanding its range of business critical IT support and multi-cloud service offering.
Nexinto was spun-off in 2013 prior to the sale of LDC portfolio company Easynet to MDNX Group in a deal backed by Equistone. LDC worked with the management team of Nexinto to support the company through its next stage of growth as an independent business.
David Andrews, Investment Director at LDC, said: “We are pleased to have completed the sale of Nexinto to The PlusServer Group – a major player in the European cloud industry. The deal presents a great outcome for all parties. We wish the management team all the best in the future.”
The transaction is subject to competition clearance in Germany.