OMMAX Advises on the Successful Team Internet AG Transaction
CentralNic Group plc (CentralNic) has announced the acquisition of Team Internet from Matomy Media Group Ltd for a total of up to US$48 million. Team Internet is operating two businesses: ParkingCrew focuses on domain parking whilst TONIC deals with traffic acquisition.
OMMAX delivered a full scope commercial due diligence for CentralNic which included an assessment of the company & its organization, an appraisal of the market, the competition and the existing & potential customer base, as well as an evaluation of the company’s business plan. In addition, further growth opportunities were examined.
About CentralNic Group PLC
CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.
CentralNic operates globally with customers in almost every country in the world. It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis.
“We are happy that we could play a role in the successful Team Internet deal. It was a great experience to work together with the highly professional CentralNic team. We are wishing both companies a bright future and are looking forward to cooperating with CentralNic again in the future.”
Toni Stork, OMMAX CEO
About Team Internet AG
Located in Munich, Germany, Team Internet is a leading provider of services in the direct navigation search market. With an estimated market size of US $1 billion per year, direct navigation traffic has a conversion-to-sale rate that significantly outperforms other traffic sources. Team Internet products currently reach more than 2 billion visitors per month.
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