Bates Wells’ M&A team advises AIM quoted CentralNic Group PLC on its acquisition of the Hexonet Group

Bates Wells’ M&A team acted for CentralNic Group PLC (“CentralNic”), the global internet platform that derives revenue from the subscription sales of internet domain names, on the acquisition of the entire Hexonet Group. The Hexonet Group, with operations in Canada and Germany, sells domain name subscriptions directly and via more than a thousand resellers in over 110 countries, managing over 3.8 million domains on its proprietary software platforms.  CentralNic has paid an initial €7 million, with up to a further €3 million as deferred consideration.

Commenting on the acquisition, Ben Crawford, CEO of CentralNic, said: “We are delighted that the Hexonet reseller platform, expert staff and customers are becoming part of CentralNic, boosting not only our recurring revenues and profits, but also our market share and competitiveness.”

Don Baladasan, MD of CentralNic saidBates Wells were a great advisor throughout the deal. They maintained a professional, adaptable and commercial approach throughout. We had constant access to the partner and the wider team who were knowledgeable and timely in all matters.”

The transaction further demonstrates Bates Wells’ capabilities working on complex international M&A transactions and further highlights our expertise in the technology sector, which continues to be a strong focus for the team.

Bates Wells’ corporate team was led by Stephen Callender (Partner) supported by Matthew Gearing (Senior Associate) and Edward Reardon (Solicitor).