Done deal: KKR, Silver Lake & TCV now part owners of Go Daddy
Friday, December 16th, 2011
Largest domain name registrar gets big financial backing.
GoDaddy is now (partly) private-equity owned.
The company finally closed on its investment from KKR, Silver Lake and Technology Crossover Ventures today.
Bob Parsons remains the single largest shareholder, which should assuage concerns of what can happen when a company is owned by investors only interested in the bottom line.
With the closing Parsons is no longer CEO. He is now Executive Chairman & Founder. Warren Adelman moves into the CEO post, although I suspect that won’t involve much of a change in job description.
I expect the company will quickly start hunting for overseas growth with the investment.
The company currently has 50 million domains under management and has over 5.2 million web hosting accounts.