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Transaction
enables Gandi to accelerate its vision
London
, 28 September 2005 –
Gandi.net, the Paris
based Internet domain names business was sold 1
Sept 2005 to an independent group of Internet entrepreneurs
led by Stephan Ramoin, the former head of Lycos
Europe Premium Services, who associated with Joe
White and Eirik Pettersen, the management of a UK
web services firm, and was funded by Stephens Inc.,
an American investor.
“Ariadne Capital did a superb job of advising us
on this cross-border transaction and carried us through
many unexpected ups and downs along the way,” said
Joe White, the CFO of Gandi.net.
Founded
by P ierre Beyssac, Laurent Chemla, Valentin Lacambre
and David Nahmias , Gandi.net was valued at €Million
13.35 by this transaction.
Gandi.net
will continue to broaden and expand its activities
in managed Web services, which is estimated by
Frost & Sullivan to grow to $4 billion in
2008 from $1 billion in 2005 in Western Europe .
“For Ariadne, it's always about the management team
and their vision, and we were impressed with the
plans that Stephan Ramoin, Joe White and Eirik Pettersen
had for Gandi.net's growth. We knew that they would
be successful, and we wanted to help them accelerate
their success,” said Julie Meyer , CEO of Ariadne
Capital.
About Ariadne Capital
Ariadne Capital is an investment and advisory firm
based in London , England , and founded and run by
Julie Meyer . Ariadne invests as well as advises
companies undergoing growth and change. Ariadne's
model is to build relationships with the best entrepreneurs
in the market and to help them grow and scale their
companies. Ariadne was an early advisor to SKYPE,
as well as advises ZOPA, ExtremeMobile, Otodio, Translution,
Mobile ATM, BetBrain, BeTheDealer, Kallik, Intamac,
118 800, Sage, Tata Consultancy Services, British
Telecom and the CarPhone Warehouse. Ariadne's founding
Investor Members include the founders of Sportingbet,
Hotmail, WILINK, WorldPay, SES Astra, Brokat, NetPartners,
Giga [sold to Intel], MediaGold, Element 14, Affinity
Internet Holdings, James Hallam Insurance, ENBA/First
E, Navio, Global Bet Brokers, Fusion Software, Bouyges
Telecom and First Tuesday. www.ariadnecapital.com
About Gandi
Founded in 2000, GANDI is one of the top ICANN accredited
registrar for .COM, .NET, .ORG, .BIZ, .INFO, .NAME
and .BE domain names. Their service focuses primarily
on individuals, non profit organizations and Sohos.
Gandi's aim is to provide domain names easily (for
the technical and administrative part), for as low
a price as possible. Gandi takes a unique ethical
position among domain name providers, and believes
that every customer should be the full owner of their
domain, and receive complete privacy protection for
their registered details.
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Ariadne
Capital Journal - Through the Maze Volume
5, Edition 3
