Endurance Buys iPower

Endurance International, a portfolio company of Audax Partners, has acquired IPower Inc., in order to form a single provider of web hosting services to the SME market. LBOWire reports that the deal is valued at more than $100 million, and is structured as a recap that includes new equity and debt commitments from Cerberus Capital and LLM Capital Partners. Auduax sold some of its shares to the new sponsors, but retained its control position. www.enduranceinternational.com www.ipower.com