US private equity firm Warburg Pincus is acquiring a third of German web hosting company 1&1 Internet, which is part of United Internet, for around €450 million. The deal values 1&1 Internet at €2.55 billion.
Reuters reports that an as yet unformed holding company of Warburg Pincus will handle the acquisition with a possible IPO for the company in the future. United Internet will continue as majority shareholder.
“The transaction offers 1&1 Internet SE flexibility with regard to future strategic options, including a potential IPO in the coming years,” said United Internet but offered no other details.
Would you like to write the first comment?
Login to post comments