Go Daddy in deal to be bought for $2.25 billion: source
NEW YORK | Fri Jul 1, 2011 5:44pm EDT
(Reuters) - Web hosting company Go Daddy Group Inc announced on Friday it is being bought by a private equity consortium led by KKR and Silver Lake.
The private equity buyers, which also include Technology Crossover ventures, will be purchasing the company for $2.25 billion including debt, a person close to the situation said.
Go Daddy filed to go public in 2006, but withdrew its IPO due to poor market conditions.
Qatalyst Partners served as the exclusive advisor to Go Daddy in connection with the transaction.
Barclays Capital, Deutsche Bank Securities Inc and RBC Capital Markets acted as financial advisors and, along with KKR Capital Markets, they or their affiliates provided financing commitments for the transaction.
(Reporting by Nadia Damoun; editing by Carol Bishopric)
Credit: Reuters (www.reuters.com)
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