Hg, a specialist private equity investor focused on software and service businesses, has invested in TransIP, a leading hosting and Virtual Private Server provider. Financial terms were not disclosed. TransIP will join forces with Combell Group, a European leader in mass hosting services for SMEs. “Hg is excited to be part of building a European champion in digital services for SMEs and entrepreneurs. Both TransIP and Combell are high quality businesses that we have admired for a long time and we’re delighted to support the formation of team.blue, creating an entrepreneurially led group, providing high-quality and innovative services to its combined customer base, with plans to further expand its activities across Europe.” Nick Jordan and Joris Van Gool, Hg.