Private equity investor Perwyn has taken a majority stake in Miss Group.
The investment sees repeated investor BGF exit the fast-growing Manchester firm.
Miss Group offers services including web hosting, domain registration and VPS to SMEs.
It received almost 拢20m backing from BGF over two rounds in 2018 and 2019, which became a minority equity partner.
It subsequently completed seven acquisitions across Scandinavia, Spain and the US.
Revenue has grown from 拢8m to 拢25m since BGF鈥檚 investment and EBITDA has increased from 拢2.5m to 拢11m.
Mattias Kaneteg, Miss Group founder and CEO, said: 鈥淲hen we met BGF, we had ambitious plans for growth and a strategy to add additional complementary acquisitions to our group in geographies where we could see strong potential.
鈥淲e鈥檝e exceeded our own expectations and couldn鈥檛 be happier with the support and insight we鈥檝e received through partnering with BGF.
鈥淎s we look ahead to our next chapter with Perwyn, we will continue to play to our strengths in marketing our market-leading proposition to SME customers with a focus on Scandinavia, Spain and the US.鈥�