Hg has invested in TransIP Group, resulting in a merger with Combell to create team.blue, a leading digital services provider for SMEs across Europe.
Information on the Target
TransIP Group ("TransIP"), headquartered in the Netherlands, stands as a prominent provider of hosting and Virtual Private Server ('VPS') solutions. With a robust customer base exceeding 400,000, TransIP is committed to empowering users by simplifying complex digital services, aligning with its core philosophy of 'Make Advanced Simple.' This dedication enables businesses to enhance their digital capabilities effectively.
In a strategic move to bolster its market presence, TransIP has merged with Combell Group, a leading mass hosting service provider for small and medium enterprises (SMEs) across Europe. This collaboration will create a formidable entity known as team.blue, poised to deliver enhanced services and innovation to a collective client base of 1.2 million across Europe.
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Industry Overview in the Netherlands
The hosting and cloud services industry in the Netherlands is witnessing significant growth, driven by an increasing number of businesses transitioning to digital platforms. As more companies recognize the importance
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Hg
invested in
TransIP Group
in 2023
in a Growth Equity & Expansion Capital deal