HgCapital, a private equity firm targeting middle-market buyouts primarily in Europe, invested £22m in Combell, a provider of mass hosting services for small and medium-sized enterprises across Europe. "We have been very impressed with what the team at Combell has built over the past 19 years in the Benelux and the Nordics. It is a privilege to invest alongside CEO Jonas Dhaenens and the entire management team. We have been following Combell for a long time and believe that the business is strongly positioned to continue growing organically while adding selective M&A on its platform. We look forward to partnering with the Combell team as the business continues to expand across Europe." Nick Jordan, HgCapital Partner.