Established in 1997, the UK2 Group provides of domain name registration and web-site hosting services to customers globally through multiple brands, from data centers in the UK and the US.
The company through the VPS.NET brand offers virtual private server Cloud hosting to the mass market and is said to be the fourth largest true public Cloud provider in the world.
Phil Male, previously chief strategy officer at Cable & Wireless Worldwide and COO of Thus Group, joins the company as executive chairman.
Outgoing CEO Ditlev Bredahl will transition management of the company to Phil Male and then devote his time solely to focus on his role as CEO of OnApp.
This is LDC’s sixth deal of 2011 with £163m already committed.
The investment in the UK2 Group is expected to further strengthen LDC’s existing TMT portfolio, which includes Avelo (previously 1st The Exchange), a provider of technology solutions to the financial services sector, Easynet Global Services, a specialist B2B telecommunications operator and Musicmagpie.co.uk, an European purchaser and retailer of replay CDs, DVDs and games.
