Hg has agreed to invest in Combell Group, a leader in mass hosting services for SMEs in Europe, while Waterland Private Equity exits its stake in the company.

Information on the Target

Combell Group, established in 1999, is a premier provider of mass hosting services catering primarily to small and medium-sized enterprises (SMEs) across Europe. Headquartered in Belgium, the company has a strong market presence in Denmark, and is gradually expanding its footprint in the Netherlands, Sweden, and Switzerland. With over 800,000 SME and small office/home office (SoHo) customers, Combell serves as a comprehensive partner for web hosting, domain registration, e-commerce solutions, and application services.

The firm has built a reputation for delivering exceptional customer satisfaction and operational excellence, making it a trusted choice for businesses seeking reliable hosting services. This ongoing commitment to providing superior service and innovative solutions has enabled Combell to achieve consistent organic revenue growth and an impressive record of strategic acquisitions.

Industry Overview in Belgium and Denmark

The hosting and IT services sector in Belgium and Denmark is characterized by a growing demand for reliable online solutions, driven largely by the increasing digitalization of