According to Law360.com the HgCapital investment firm recently purchased the London based domain group NBT PLC aka NetNames.com for £153 million (approx $236.5 million). NetNames.com is a domain registrar, corporate domain name management and portfolio analysis firm. NetNames has earned $76 million in revenue this year alone.
HgCapital apparently sealed the deal with an aggressive bid above the premium of Group NBT’s share price the day the deal closed:
Newton Bidco Ltd., a unit of the U.K.-based private equity buyer, said it had got the deal done with an offer of 550 pence per share — a premium of 22.5 percent over Group NBT’s share price as of Thursday.
HgCapital’s says it has plans to grow the company through acquisitions. Does this mean they are looking for domain portfolios to acquire? NetNames.com is well positioned and ready to offer new TLD consulting and services to it’s clients this includes outsourced management for new .Brand gTLDs as described on its services page.
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“NetNames claims to have made $76 million in revenue this year alone.”
This is not a claim? They are listed on the LSE (AIM) so their accounts are public
Dave Johnson – thanks, article updated
Looks like Cybrands.com could be the next acquisition. Great small portfolio of names.