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Lloyds Bank Corporate Markets supports GBP153 million P2P of Group NBT

Lloyds Bank Corporate Markets Acquisition Finance has supported HgCapital’s GBP153 million take private of Group NBT (NBT), which was previously AIM-listed, to enable the company to increase its focus on acquisition-led growth.
 

The team acted as joint mandated lead arranger in a three bank club, providing a GBP70 million package of senior term, revolving credit and acquisition facilities.
 
NBT is a leading European provider of internet domain name management and one of few providers with the capabilities to register domain names in all open registries. NBT also provides brand protection and managed hosting services.
 
Established in 1995, the business is headquartered in London, with offices in France, Scandinavia, USA, Germany and Switzerland. It serves a diverse group of more than 3,000 customers with a focus on managing large domain name portfolios for corporate customers.
 
As a result of this transaction, the business plans to continue its focus on increasing recurring revenue with investment in product extensions and earning enhancing acquisitions.
 
Neale Broadhead, Managing Director at Lloyds Bank Corporate Markets Acquisition Finance, says: “As one of only four key global providers of this business-critical service, this deal places NBT in an even stronger position to further capitalise on this expanding market.
 
“Growth of internet domain names has been fuelled in recent years by the expansion of the internet, mobile technologies and online shopping. Today there are 210 million registered domains and this is expected to continue to grow at a steady rate, driven by increased internet usage, awareness and outsourcing.
 
“Through an acquisitive and organic growth strategy, the business plans to focus on building market share and growing its core corporate customer base.”
 

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