Ethos Capital, a private equity firm, officially announced that it had closed the deal to acquire the controlling stake in Donuts Inc., The Domains reports quoting a press release put out by Ethos Capital.
Prior to this deal, the investment company had already tried to purchase Public Interest Registry (PIR), which manages .ORG, for $1.135 billion. However, despite an agreement in place between the parties, ICANN blocked the deal about a year ago. Apparently, Ethos Capital then shifted its attention to new domains, Donuts being their biggest registry. The first reports about the pending deal came out in January, and now it has been finalized.
Pleased about the outcome, the parties showered each other with compliments. “Ethos Capital is the perfect partner to support our mission of reliability, security, and stability, as well as position us for continued success. We look forward to working with the Ethos Capital team and leveraging their expertise as we enter this next phase of growth,” said Akram Atallah, CEO of Donuts.
“Akram and the rest of the Donuts team have built an industry-leading domain company and demonstrated consistent organic growth through multiple market cycles. We are thrilled to partner with the team and look forward to applying our unique value proposition to their existing platforms,” said Ethos Capital Co-CEO Erik Brooks.
It’s worth noting that Ethos Capital co-chief Fadi Chehadé used to be ICANN president, while Akram Atallah was second in charge at ICANN around the same time.
