EQT invested in TransIP in August 2016 by acquiring a stake from Mr Ali Niknam, the founder of TransIP to support TransIP in its growth.
During EQT’s ownership, a high-caliber Board was formed with Jonas Persson, former CTO EMEA at Microsoft acting as Chairman, who was joined, among others, by Denise Koopmans, former CEO LexisNexis. In addition, Oliver Mauss, a former CEO of 1&1, the largest European hosting Group, joined as CEO and Mark Stork, former CFO at Multikabel BV (today part of Ziggo), joined as CFO.
In September 2017, EQT sold back its stake to TransIP’s founder. By that time, TransIP had developed and generated a substantial growth and EBITDA increase, seeing a particular strength in VPS (Virtual Private Server) and WebHosting products within its core tech savvy customer segment.