December 8, 2020
Technology, Software, SaaS
Mergers and Acquisitions
GCA Advises Webnode on Its Sale to team.blue
GCA is pleased to announce we acted as exclusive financial advisor to Webnode, the online website builder system, on its sale to digital services provider team.blue.
Webnode established its operations in 2008 and is based out of the Czech Republic with an operational headquarters in Switzerland. Since launching its first product, the company has provided its more than 40 million customers with an easy-to-use website builder software solution. Webnode customers do not need to hire programmers or designers but can instead build websites based on a vast library of professional templates.
team.blue is a leading digital enabler for companies and entrepreneurs. The group was created by merging Combell Group, TransIP Group and Register Group in 2019 and is backed by prominent private equity investor Hg Capital. Over the years, the group has focused on building platforms that serve as the basis for powerful digital services, such as domain name management, web and email hosting, website building, e-commerce, online security and enterprise hosting.
Webnode was majority owned by its Chairman and Founder Vit Vrba, with Reflex Capital also owning a minority stake in the company. By selling 100% of the business and joining team.blue, Webnode becomes part of the fast-growing group of European digital enablers for companies and entrepreneurs and can continue its success story of growth, tapping into more addressable markets and teaming up best-of-breed marketing and development teams on both ends.
No further financial details about this transaction will be disclosed.