Thu 08/31/2023 10:49 AM
Lenders are preparing to take control of PlusServer after the German web hosting services group started underperforming again, scuppering any chance of a successful outcome of the
sales process sponsor BC Partners launched, sources said.
The company is trading behind its revised budget, with full-year EBITDA likely to come in below the €30 million mark, sources said. The group had lowered its 2023 budget forecast earlier this year but that was still too optimistic and there is not much...
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