Shearman & Sterling advised Flex Capital and its portfolio companies Marbis (Nitrado) on the financing for the add-on acquisitions of APEX Hosting and MCProHosting. With the acquisitions Marbis (Nitrado) is becoming the global leader for game server hosting.
Apex Hosting was founded in 2013 by Seth Mattox and John Rendemonti and is based in Florida, USA. Apex Hosting is the market leader for Minecraft server hosting in the English-speaking world with rented capacities in 18 data centers. Furthermore, Apex Hosting has a strong customer support focus which results in top customer satisfaction ratings.
MCProHosting was founded in 2011 and is based in Wyoming, USA. MCProHosting is one of the best known brands for Minecraft hosting in the English and German speaking world and has outstanding capabilities in sales as well as product development. Furthermore, MCProHosting has a strong customer support focus which results in top customer satisfaction ratings.
FLEX Capital is a private equity fund founded by successful serial entrepreneurs. The company invest in profitable and growing midsize companies from the German internet and software market.
The Shearman & Sterling team recently advised Flex Capital already on the financing of the acquisition of Nitrado, AMPAREX, IPRO and OMS-Group (NIC Services & Support GmbH & FORMWARE GmbH).