This week, Germany’s web hosting provider United Interned announced the sale of one-third of its business applications unit to private equity firm Warburg Pincus. The deal includes 1&1 Hosting and several other web services brands.
The deal has been evaluated at €450 million (roughly $496 million) for the 33.33 percent stake in the Business Applications division and United Internet will retain its 66.7 percent stake in the Business Applications division. United Internet also announced that it will delay its planned IPO.
In addition to 1&1 brands, the unit also includes GMX, mail.com, WEB.DE, Fasthosts, and the recently acquired home.pl.
The division, which sits within 1&1 Internet SE, comprises the hosting business with domains, home pages, web hosting, servers, e-shops, email clients and online storage and market tools. In addition to 1&1 brands, the unit includes foreign companies and subsidiaries belonging to 1&1 Internet, such as Fasthosts, Arsys, home.pl, InterNetX, united-domains and Sedo.