Reglikedomain industry desk

Is acquiring MarkMonitor from Clarivate for $302.5 million — Newfold Digital

Is acquiring MarkMonitor from Clarivate for $302.5 million — Newfold Digital

Corporate brand protection registrar has a fresh owner.

Logo for Newfold Digital has a stylized graphic with orange and gray lines

Newfold Digital, a sizable conglomerate of domain name registrars and hosting firms, is acquiring brand protection registrar MarkMonitor from Clarivate (NYSE:CLVT), an IP service roll-up. It will pay $302.5 million cash for the business.

It’s the latest addition for Newfold, which was previously known as Endurance International Group ahead of being purchased by Clearlake Capital Group last year. At the same time, Newfold purchased Web.com from another private equity firm at an enterprise value of $2.2 billion.

Newfold’s stable of brands now includes Web.com, Network Solutions, Bluehost, Register.com, Domain.com, and many others. It also owns the expired domain services NameJet and SnapNames.

MarkMonitor is expected to generate $80 million revenue and $35 million EBITDA this year, so Newfold is paying regarding 8.6 times this year’s EBITDA.

The deal is expected to close later this year.

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