Global private equity and venture capital news and research

Carlyle and N+1 Mercapital exit Spanish ICT services provider Arsys

19 Aug 2013

broadband wireless cablePrivate equity firms Carlyle and N+1 Mercapital have exited their investment in Spanish information, communications and technology (ICT) services provider Arsys, which was acquired by United Internet subsidiary 1&1.

Arsys, which provides web hosting and domain registration services in Spain, France and Portugal, posted revenues of more than €40m last year.

Carlyle and Mercapital bought Arsys for €160m in 2007 in a deal which saw founders Luis Ignacio Cacho and Nicolás Iglesias retain a minority stake.

N+1 Mercapital managing partner David Estefanel said, “The integration of Arsys is 1&1 has been possible due to the strengths of the company, and the success of the strategy carried out since our entry.

“More importantly, it is also a clear proof of the growing interest of international investors in Spain, where there still a large number of middle market companies which, as Arsys, are flexible, competitive, and leaders in their market niche.”

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016