Interland Retains Investment Bank Mirus Securities to Advise on Strategic Options
After several acquisitions and a successful IPO, Interland found itself struggling to maintain market share amid an economic downturn. Options for the Company included a sale of assets to raise capital and pay down debt, financial restructuring, a take-private, or an outright sale of the business.
Mirus Securities was retained by a special committee of the Board of Directors to advise the board on these various alternatives and make recommendations. Ultimately, the board elected to retain Mirus to sell off two non-core assets (HostCentric, sold to Caird; and the Dedicated Hosting Business, sold to Peer 1) with the proceeds used to pay down debt. Interland was subsequently acquired by Web.com for a significant premium.
About Mirus Securities
Mirus Securities, Inc. (member FINRA, SIPC) provides investment banking solutions to middle market corporations in targeted technology, manufacturing, and service industries. The firm’s services include merger advisory, private equity raising, and valuation services for entrepreneurs, corporations and professional financial investors. Additional information about the firm is available at www.merger.com.Back to Transactions