KKR to acquire Contabo from Oakley Capital for $71m.

KKR, a global investment company, agreed to acquire a majority stake in Contabo, a cloud hosting platform offering easy-to-use and cost-effective cloud services used by SMEs, entrepreneurs and developers, from Oakley Capital, a mid-market private equity investor, for $71m. "When we first invested in Contabo three years ago, the business was very much a relatively unknown, subscale player in the domestic German web-hosting market. In partnership with Oakley, we leveraged our combined experience in cloud hosting and our track record in successfully professionalising businesses to transform Contabo into the market-leader it is today. We’re pleased to be continuing our collaboration with Oakley and now with KKR’s support and sector expertise as we proceed with the next stage of the company’s growth plan," Thomas Noglik, Contabo CEO.