Claranet Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Claranet Limited - overview
Established
1996
Location
London, -, UK
Primary Industry
Internet
About
Claranet Limited, based in the UK, is a managed service provider specializing in integrated technology solutions including cloud services, cybersecurity, and data management to enhance business IT infrastructures. Founded in 1996, Claranet Limited operates as a managed service provider, delivering integrated technology solutions. Headquartered in London, UK, the company has undergone significant growth, raising USD 103 mn in its latest funding round, a Secondary Buyout led by Tikehau Investment Management. Claranet has completed three deals to date.
CEO Charles Nasser has guided the company through its evolution, positioning it for future opportunities in the technology sector. Claranet is a managed service provider offering a comprehensive suite of solutions that includes cloud services, cybersecurity, data management, networks, and workplace optimization. The company assists businesses in planning, adopting, managing, and modernizing their IT infrastructures, whether private, public, or hybrid, providing robust cybersecurity measures to protect against cyber threats. Claranet serves a diverse clientele across various sectors, including retail and healthcare, with significant clients like Pets at Home and the Salvation Army Trading Company Ltd.
Their solutions are primarily marketed in the United Kingdom and Europe, focusing on enhancing operational efficiency amid technological changes. Claranet operates on a subscription-based revenue model, generating USD 638. 32 mn in revenue and an EBITDA of USD 96. 73 mn for the year 2024.
This model supports long-term client partnerships, particularly in cloud management and cybersecurity, providing tailored solutions that align with clients' needs without disclosing specific pricing structures. In May 2017, Claranet received a significant investment of USD 103 mn from Tikehau Capital and existing shareholders, leading to Tikehau holding a minority stake in the company. This funding will be utilized to bolster Claranet's expansion strategies, with intentions to launch new products and enhance service offerings. The company is also targeting growth into new geographic regions across Europe, leveraging its recent funding to address increased demand for integrated technology solutions.
Current Investors
Tikehau Investment Management
Primary Industry
Internet
Sub Industries
Web Development, Website Hosting, IT Security/Cybersecurity
Website
www.claranet.co.uk
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things)
Company Stage
Mature
Total Amount Raised
Subscriber access only
Claranet Limited - timeline of key events
Claranet Limited - financials
| Fiscal Year Ended | Jun 30, 2011 | Jun 30, 2012 | Jun 30, 2013 | Jun 30, 2014 | Jun 30, 2015 | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 59,087,000 | 59,642,000 | 92,839,000 | 120,714,000 | 133,336,000 | 152,500,000 | 216,500,000 | 321,600,000 | 369,000,000 | 372,700,000 | 395,100,000 | - | - | - |
| % Revenue Growth (YoY) | - | 0.9% | 55.7% | 30.0% | 10.5% | 14.4% | 42.0% | 48.5% | 14.7% | 1.0% | 6.0% | - | - | - |
| EBITDA (USD) | 6,993,000 | 6,245,000 | 10,930,000 | 21,070,000 | 23,084,000 | 26,900,000 | 34,100,000 | 44,200,000 | 45,800,000 | 55,100,000 | 72,600,000 | - | - | - |
| Operating Income (USD) | 2,871,000 | 2,296,000 | 2,606,000 | 9,762,000 | 10,566,000 | 11,200,000 | 11,800,000 | 15,700,000 | 14,600,000 | 11,300,000 | 21,600,000 | - | - | - |
| Operating Margin | 4.9% | 3.8% | 2.8% | 8.1% | 7.9% | 7.3% | 5.5% | 4.9% | 4.0% | 3.0% | 5.5% | - | - | - |
| % EBITDA Margin | 11.8% | 10.5% | 11.8% | 17.5% | 17.3% | 17.6% | 15.8% | 13.7% | 12.4% | 14.8% | 18.4% | - | - | - |
| NET Income (USD) | 1,688,000 | 2,243,000 | (3,434,000) | 218,000 | (277,000) | (300,000) | (6,400,000) | (3,600,000) | (8,800,000) | (10,300,000) | 500,000 | - | - | - |
| % Net Margin | 2.9% | 3.8% | (3.7%) | 0.2% | (0.2%) | (0.2%) | (3.0%) | (1.1%) | (2.4%) | (2.8%) | 0.1% | - | - | - |
Claranet Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Mandic SA | - | ||||||||
| Add-on, Trade Sale | Completed | CorpFlex Informatica S/A | - | ||||||||
| Add-on | Completed | Union Solutions Limited | - | ||||||||
| Secondary Buyout | Completed | Claranet Limited | - | ||||||||
| Add-on | Completed | Star | - |
Displaying 1 - 5 of 7
Claranet Limited - employee data
Claranet Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.