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.