Private equity firm Clearlake Capital Group has acquired Endurance International Group Holdings and its portfolio of small business cloud applications — including email marketing software provider Constant Contact, along with Web hosting firms Bluehost, HostGator and Domain.com.
This is M&A deal 445 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
The buyout is valued at $9.50 per share or roughly $3 billion. Endurance’s stock ($EIGI) rose nearly 62 percent on the news. As part of the buyout announcement, Endurance also disclosed financial results for the third quarter of 2020:
- Endurance’s revenue was $278.4 million, up 3 percent compared to $270.4 million in Q3 of 2019.
- Net income was $6.7 million, compared…
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