Sequence advise CentralNic plc on its €26 million acquisition of SK-NIC, manager of Slovakia’s top-level domain

CentralNic plc is an AIM listed global software platform company which supports subscription web services including domain names.

SK-NIC is the manager of .sk, the exclusive country code top-level domain for Slovakia. The earnings enhancing acquisition increases visibility and predictability of CentralNic’s revenues, with a larger proportion being generated from recurring revenue streams.

As part of the transaction, CentralNic has refinanced and extended its existing borrowing facilities with a new term loan of £18 million and an overdraft facility of £3 million from Silicon Valley Bank.

“We have worked closely with Sequence in continuing to develop and execute our international M&A strategy. SK-NIC was a complex acquisition and Sequence’s expertise was key in helping to structure the transaction to bring this highly attractive business into the CentralNic Group. We look forward to continuing to work with them on future transactions”

Ben CrawfordCentralNic’s CEO

“Advising CentralNic on this significant cross-border transaction illustrates Sequence’s ability to provide specialist M&A strategy and execution advice to fast growing PLCs”

Toby RamsdenSequence Partner

“We have worked closely with Sequence in continuing to develop and execute our international M&A strategy. SK-NIC was a complex acquisition and Sequence’s expertise was key in helping to structure the transaction to bring this highly attractive business into the CentralNic Group. We look forward to continuing to work with them on future transactions”

Ben CrawfordCentralNic’s CEO

“Advising CentralNic on this significant cross-border transaction illustrates Sequence’s ability to provide specialist M&A strategy and execution advice to fast growing PLCs”

Toby RamsdenSequence Partner