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Home » Domain Names » GoDaddy Sells PlusServer Business for $456 Million

GoDaddy Sells PlusServer Business for $456 Million

Posted on July 18, 2017 Written by Bill Hartzer

GoDaddy has signed an agreement for the sale of its PlusServer business to funds advised by BC Partners for $456 million (€397 million). As part of the transaction, PlusServer will assume liabilities of €23 million and retain existing cash on the balance sheet of €12 million. The deal is expected to close by the end of August pending regulatory approval.

Oakley Advisory acted as financial advisor to GoDaddy on the transaction. Heuking Kühn Lüer Wojtek were legal advisors. OC&C, Deloitte and Ernst & Young addressed commercial, financial and tax matters, respectively.

As you might recall, GoDaddy agreed to buy Host Europe Group for $1.82bn including debt back in December 2016, in order to expand its footprint into Europe.

Filed Under: Domain Names

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About Bill Hartzer

Bill Hartzer is CEO of Hartzer Consulting, an SEO Consulting firm that includes services such as search engine optimization, technical SEO audits, domain name consulting, and online reputation management. As an SEO Expert, Mr. Hartzer frequently serves as an SEO Expert Witness and Domain Name Expert Witness in legal cases worldwide. He also oversees DNAccess.com, a company that provides brand protection and monitoring, domain name background checks, and stolen domain name recovery services.

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