Nick Koston, cPanel provides one of the internet infrastructure industry’s most reliable and intuitive control panel software platforms. The transaction is subject to regulatory approval.Įstablished in 1997 by CEO J. Fund III will make a further investment of $50 million into WebPros as part of this transaction. The transaction is partly funded by an extension of the unitranche debt facility from WebPros’ existing lender TPG. Fund III first invested in WebPros in April 2017 in order to acquire Plesk, which has performed very strongly since. WebPros BV, the holding company that owns Plesk and Solus VM, is acquiring a majority stake in cPanel from its founder J. Oakley Capital Private Equity III (“Fund III”) is pleased to announce an agreement to invest in cPanel.
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