H.I.G. WhiteHorse Provides Financing for Be-Cloud Acquisition by QualityHosting
H.I.G. WhiteHorse, the credit subsidiary of private equity firm H.I.G. Capital, has provided financing to support QualityHosting's acquisition of French cloud services provider Be-Cloud. The funding will also provide additional capital to fuel growth and future M&A strategies for the combined entity. Be-Cloud is a leading European Microsoft Cloud Service Provider (CSP) with over 37,500 active end customers and more than 1,000 resellers across Europe. QualityHosting, based in Germany, serves over 30,000 clients through its own network of partners and has been recognized as a pioneer among Microsoft Cloud Service Providers in the region. The deal is expected to strengthen both companies' positions within the European cloud market by combining their recurring revenue models with differentiated offerings. H.I.G. Capital sees significant growth potential from increased adoption of cloud, AI, and cybersecurity solutions.
Topics: Cloud Services Financing M&A
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