Harris Williams Advises Hg on its Pending Investment in Combell
Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it is advising Hg on its pending investment in Combell, a leader in mass hosting services for small and medium-sized enterprises (SME) across Europe. The transaction is being led by Thierry Monjauze and Sylvain Noblet of Harris Williams’ Technology, Media & Telecom (TMT) Group and Danielius Uznys of the firm’s London office.
“It was a pleasure to act for Hg on another mass hosting transaction,” said Thierry Monjauze, a managing director at Harris Williams. “Hg’s investment in Combell is a landmark transaction within the European hosting market. This transaction further demonstrates Harris Williams’ market-leading sector expertise in the cloud, internet infrastructure and web hosting sectors.”
“We have been incredibly impressed by what Jonas Dhaenens, Combell’s founder and CEO, and the management team have achieved over the last few years and we are excited to see the company continue to develop under the partnership with Hg,” added Sylvain Noblet, a vice president at Harris Williams.
Established in 1999, Combell is a leading mass hosting player in Belgium and Denmark, and has growing positions in the Netherlands, Sweden and Switzerland. Combell has over 800,000 SME and SoHo customers and is a one-stop partner for web hosting, domains, e-commerce and application solutions.
Hg is a sector expert investor, committed to helping build ambitious businesses across the software and tech-enabled services market in Europe and the U.S. Hg has deeply resourced sector teams focused on specific sub-sectors and investment themes to identify companies which have the potential to grow, create employment and become a leader in their space. Hg’s dedicated operations team provides practical support to management teams to help them realise their growth ambitions. With investment offices in London and Munich, Hg manages c. £10 billion, serving more than 100 highly regarded institutional investors.
Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams’ TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the IT Services, Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, membership management, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.