Com Laude, a global leader in internet domain name management and online brand protection to many of the world’s foremost brands, today announced it is joining forces with PX3 Partners (“PX3”), a London headquartered, pan-European private equity firm. This strategic growth investment also marks Vespa Capital’s exit from the business.
PX3 was selected as the partner of choice given its deep network of international relationships and experience in helping companies scale and internationalise, while also echoing Com Laude’s cultural values and ways of working. The investment from PX3 will accelerate the next phase of Com Laude’s development, enhancing its commercial capabilities while investing in technology and services to benefit Com Laude’s clients.
The founders of Com Laude, Nick Wood and Lorna Gradden, and founders of the previously acquired brand Demys, Penny Hearn and Andrew Lothian, will exit the business, although Nick Wood will enter into a consultancy arrangement with Com Laude.
Glenn Hayward, CEO of Com Laude, remarked: “The past years working in partnership with Vespa Capital have been a pleasure, and we are truly grateful for their support. We have diversified our business lines, strengthened our team, and added further global brand clients, while consistently providing the very best services in the sector. In partnership with PX3, we remain committed to being the most trusted provider in our space, continuing the high-quality services our clients expect and encouraging our talented staff to thrive with new learning and development opportunities. We look forward to leveraging PX3’s deep network of international relationships and experience in helping companies grow and internationalise, with a view towards accelerating the investment in and growth of Com Laude.”
The Managing Partners of PX3, commented: “Com Laude’s management team has built a global leader in its market, providing mission-critical internet domain name services and delivering outstanding best-in-class customer service, underpinned by the Company’s deep domain knowledge and strong technology platform. We are excited to partner with Com Laude’s management team and support the next phase of the company’s growth. There are many opportunities to add further value to Com Laude’s clients, and we are looking forward to working with the management team to enable it to deliver the company’s strategic goals.”