Hg invested in DADA, a leading provider of online hosting services to SMEs in Italy, the UK and other regions across Europe. The process follows an initial investment for a majority stake of 69.432% in DADA, made by Hg’s technology team in October 2017 and acquired from a subsidiary of Orascom TMT Investments. Hg hassuccessfully completed a tender offer on the remaining ordinary shares and completed a public-to-private transaction of DADA from the Italian Stock Exchange. Nick Jordan, Partner at Hg said: “DADA is a leading business in this hosting sector which we have admired for a number of years. We are excited about the opportunity to work with the DADA management team and its employees to continue to develop their business in Italy and across Europe organically and through acquisitions. Hg have extensive experience of investing in SME-focused technology businesses and we are well placed to partner with DADA for the next phase of their growth.”