December 10, 2020
Business Succession, M&A
Sigurd Solheim, Daniel Fugmann, Xavier Panchard, Jean-Louis Bélot, Louis Lopez
GCA Altium advises Webnode on its sale to team.blue
GCA Altium acted as exclusive financial advisor to Webnode, the online website builder system, which has been sold to digital services provider team.blue.
Webnode established its operations in 2008 and is based out of the Czech Republic with an operational HQ in Switzerland. Since launching its first product, the company has had a strong and clear focus on providing 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.
With a team of over 100 seasoned employees, CEO Josef Hos and his experienced management team have created a fast-growing SaaS business with outstanding customer expansion and retention. Webnode’s product development and marketing are provided in-house, and its customer support team caters to more than 20 local languages and has a particularly strong presence in the European region.
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 is currently majority owned by its Chairman & 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 by teaming up best-of-breed marketing and development teams on both ends.
Commenting on their sale to team.blue, Vit Vrba, Chairman & Founder of Webnode said: “I’m really proud that Webnode is joining one of the largest hosting groups in Europe and that it can benefit from its strong network. It is very important to me that team.blue is still managed by entrepreneurs, that will recognize Webnode’s start-up spirit and people-oriented company culture.”
Ondrej Fryc, Managing Partner at Reflex Capital, reflected on their minority ownership of Webnode, saying: “We are thrilled to have contributed to Webnode’s journey. These days it appears start-ups are built to burn the cash of investors, but Webnode, being both profitable and cash generative from inception, is a great example of the traditional company building approach. When exiting this great company, the GCA Altium team led by Sigurd Solheim were the perfect partners, not just creating value, but also having fun too.”
No further financial details about this transaction will be made available.