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SeproTec announces the acquisition by Nazca Capital of a majority stake in SeproTec and its subsidiary SHIP Global IP, promoting the companies’ technological development and international growth (multilingual.com)

  • Nazca is associating with the CEO, Juan Julián León, and the Corporate  General Manager, Fernando Ruiz de Assín, who will spearhead the growth plan  and continue the international expansion of both companies. 

SeproTec Multilingual Solutions announces that the private equity firm Nazca Capital has become the majority shareholder in the  multinational language services provider, as well as in SHIP Global IP, SeproTec’s  subsidiary specialized in industrial and intellectual property management services.  The terms of the transaction, which was concluded on 14 September, 2021,  including the share acquired by Nazca, the sale price and the valuation, have not  been made public. 

Leading Spanish private equity firm Nazca Capital has acquired a majority stake in  SeproTec, a technological company specialized in multilingual services, and SHIP  Global IP, which is specialized in the provision of industrial property management  services through a software platform. Alongside Nazca, Juan Julián León (CEO and  founder) and Fernando Ruiz de Assín (Corporate General Manager) have also  reinvested in both companies and will continue leading their development. 

Both SeproTec and SHIP Global IP have experienced high growth, doubling their  joint turnover over the last 3 years, with an estimated 2021 EBITDA of 7 million euros.  This growth is based on the scalability of the business.  

The management board of both companies have drawn up an ambitious growth  plan that includes the possibility of acquisitions to accelerate the growth and  technological development of them both in the highly active markets in which  they do business. Juan Julián León and Fernando Ruiz de Assín have identified  Nazca as the partner best placed to support the implementation of this plan in the  long term. The firm will contribute its experience in developing international growth  projects and with IT service companies. 

Carlos Pérez de Jáuregui, a NAZCA partner, remarked “Our investment in SeproTec  and SHIP Global IP is a great opportunity to participate in the technological  transformation and growth happening in the industrial property and translation  services sector. We are very enthused and feel certain that, with the support of a  great team led by Juan Julián and the company already positioned in high added-value niches, the project will be a success.

For his part, Juan Julián León, Chief Executive Officer and shareholder in SeproTec  and SHIP Global IP, stated that “Nazca’s investment in SeproTec and SHIP Global IP  is a major milestone in the history of both companies. Having Nazca as majority  shareholder is a great opportunity to lead the technological change and growth  that is happening in the industrial and intellectual property and translation  markets.“ 

Juan Julián León

“Both the Intellectual Property and Language sectors are experiencing rapid  technological evolution, and we firmly believe that we have a vital part to play in  that technological development. Here at SeproTec & Ship we are determined to  play a major role in this so that we continue to innovate and lead the markets in  which we operate,” Juan Julián León commented.  

AZ Capital, PwC, Roland Berger and DLA Piper have provided consulting services  to Nazca in this deal, while KPMG and Garrigues provided consulting to SeproTec  and SHIP Global IP. 

About SeproTec 

SeproTec Multilingual Solutions is a Multilingual Service Provider ranked among the Top 30 Language Service  Companies in the world. With more than 30 years of experience in providing high-quality, cost-effective solutions  in translation and interpretation, SeproTec distinguishes itself by utilizing the most advanced technology and  translation management technology, specifically designed to maximize customer satisfaction. SeproTec is  proud to have achieved certifications for international Corporate Social Responsibility, Quality Control, and  Environmental Management (UNE-EN ISO 17100, ISO 13485, ISO 9001 and ISO 14001). SeproTec has more than  385 employees and 11,500 freelancers collaborators within Dedicated Account Teams that provide 24/7  coverage for our clients’ multilingual needs wherever in the world they may be. 

www.seprotec.com 

For additional information on SeproTec, visit us at seprotec.com, follow us on Linkedin at SeproTec Multilingual Solutions or on twitter @SeproTec, or like us on Facebook at SeproTec. 

SHIP Global IP  

SHIP Global IP is an Intellectual Property portfolio management company with the goal of bridging the gap  between Inside Counsel and the services they procure. Utilizing a comprehensive network of qualified Foreign  Firms, in conjunction with SHIP’s in-house licensed IP paralegals, we help companies centralize and  consolidate their activity and budgets in relation to patent and trademark life cycles, through a proprietary  cloud-based tool specifically designed for IP processes. 

www.shipglobalip.com 

About Nazca  

Nazca is a private capital management firm specialized in the Spanish middle market. Nazca leads its market  segment both in transaction volume and in return on investments. Since 2001 Nazca has totally invested Funds  I, II and III, valued at 100 million, 150 million and 230 million euros respectively, having concluded 80  transactions: 36 direct investments in companies, 22 additional acquisitions of companies from their  subsidiaries and 22 disinvestments. 

Currently it is simultaneously managing the Nazca IV Fund, worth 300 million euros, and the Nazca V Fund,  worth 150 million euros, to invest in small businesses. Both funds are backed by domestic and international  institutional investors. Nazca has a portfolio including 14 Spanish companies: FoodBox (Catering),  Distribuciones Juan Luna (Food), Phibo (Dental Implants and Prosthetics), Herbex (Fresh Aromatic Herbs),  Terratest (Special Foundations and Tunnels), Diater (Biopharmaceuticals), One Shot Hotels (Hotels), Cinelux  (Audiovisual Equipment Rental), IDP (BIM-based Engineering Services), Filmin (VOD Platform), Eurocebollas  (Food), Laboratorios Almond (Vegan and Ecological Food), Zunibal (Fishing Technology) and Nutris  (Nutraceutical Ingredients and Gummy Vitamins). For more information, visit www.nazca.es

Source link @ multilingual.com

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Bridgepoint Denmark Johan Dahlfors Klaus Skovrup LanguageWire M&A and Funding private equity Søren Bech Justesen

LanguageWire Secures New Backer as PE Firm Bridgepoint Buys Majority Stake (slator.com)

On August 20, 2021, LanguageWire announced that UK-based private equity firm Bridgepoint acquired a majority stake in the firm. The Copenhagen-based language service provider (LSP) was purchased through Bridgepoint Development Capital — the investment vehicle for the PE firm’s mid-market strategy — and fund BDC IV.

Bridgepoint is one of Europe’s leading private equity firms and manages EUR 27.4bn in assets across a range of private equity and debt funds, according to Reuters. The firm focuses on mid-market deals of up to EUR 1bn. In late-July 2021, Bridgepoint listed in London in an IPO that valued the company at nearly USD 4bn.

LanguageWire CEO, Søren Bech Justesen, told Slator that Bridgepoint had been closely observing the language market for some time and, ultimately, contacted the LSP earlier in the year through the now former majority shareholder CataCap.

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“Bridgepoint is acquiring a majority shareholding in the company, while the senior leadership team will reinvest alongside Bridgepoint and retain a minority shareholding,” Justesen said.

LanguageWire’s senior leadership team comprises CEO Justesen; CFO Klaus Skovrup; COO Stig Jørgensen; Chief Product & Technology Officer, Roeland Hofkens; and Chief Commercial Officer, Mikkel Lundø.

According to Justesen, they signed the Share Purchase Agreement on August 15, 2021, “and we are now awaiting approvals from the competition authorities in certain countries before the deal can formally be complete.”

While all parties wish to keep the financial terms of the deal confidential, Justesen did share that LanguageWire expects 2021 revenues to exceed EUR 65 million (USD 76m), following a strong first half.

LanguageWire has a full-time staff count north of 400 based in 14 countries and working out of 15 locations.

A Market Primed for Tech-Enabled Players 

Johan Dahlfors, Partner at Bridgepoint Development Capital, told Slator that “Bridgepoint will engage as an active majority shareholder, joining the board of directors and engaging in strategic value-adding initiatives.”

“Tech-enabled players of scale will be well-positioned to take an increasingly larger share of the overall market, while more traditional service providers will likely find it more challenging to compete” — Johan Dahlfors, Partner, Bridgepoint Development Capital

Asked for his take on the language services and tech market, Dahlfors noted how it displays “long-term structural growth trends, driven by globalization, digitalization, and technology advancements. In addition, the language services market is highly fragmented and predominantly addressed by more traditional service providers where we see a clear opportunity for consolidation.”

He added, “As these trends continue to play out, we believe that tech-enabled players of scale will be well-positioned to take an increasingly larger share of the overall market, while more traditional service providers will likely find it more challenging to compete.”

On what attracted Bridgepoint to LanguageWire, Dahlfors said it was “the combination of a strong proprietary technology platform, committed high-quality management team, talented staff across geographies, and a track record of value creation through M&A, combined with favorable future industry trends where we believe scale and technological capabilities will be increasingly important.”

Full Stack of Proprietary Tech

The Danish LSP is known for LanguageWire Platform, its integrated translation management system (TMS), through which all language services are run, “directly or indirectly as when run through our customers’ tech stack,” Justesen said.

The LanguageWire CEO further explained that their TMS is integrated with Smart Editor, their proprietary AI-driven translation productivity and validation tool, which uses machine translation engines customized according to customer requirements. “Our cutting-edge AI is developed entirely in-house, to the highest quality and highest security standards,” he said.

“We are always looking at other companies that can complement our technology, value chain, and geographic growth plans” — Søren Bech Justesen, CEO, LanguageWire

LanguageWire’s client portfolio spans the range of major industries, Justesen said, some customers having been with the LSP for over a decade. LanguageWire was founded in 2000 by Henrik Lottrup, who passed on operational leadership of the company to current CEO Justesen in 2020.

What’s Next

According to Justesen, they will continue to invest in “bringing the best AI-driven technology solutions and deep people competencies to the market. Geographically, our focus is to maintain our market-leading position in Europe, while further growing our presence in the US.”

On their future M&A plans, Justesen said that, as a PE-backed LSP, “we are always looking at other companies that can complement our technology, value chain, and geographic growth plans. With Bridgepoint’s international network and financial support, this will of course continue to be a focus area for us.”

Asked for his thoughts on TransPerfect’s acquisition of Semantix and its impact on the Nordic market, the LanguageWire CEO replied, “The LSP industry is highly fragmented and consolidation of market players is expected. As TransPerfect has been present in the Nordics for many years, we don’t expect any major changes to the competitive landscape.”

Advising LanguageWire on the deal were EY Corporate Finance, Gorrissen Federspiel (legal), and Deloitte (financial). Advising Bridgepoint on the acquisition were Accura (legal), Alantra (corporate finance), Alvarez & Marsal (financial, tax), Anthesis (ESG), Intechnica (technology), and, full disclosure, Slator (market).

Image: Søren Bech Justesen, CEO, LanguageWire at Denmark headquarters; courtesy of LanguageWire

Source link @ slator.com

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Andrzej Zydroń Bob Willans ILVS K1 Investment Management M&A and Funding Taylor Beaupain TMS translation management system XTM

US Investment Firm K1 Buys Majority Stake in XTM International – via slator.com

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US Investment Firm K1 Buys Majority Stake in XTM International

On February 11, 2021, UK-based translation management system (TMS) provider XTM International announced the sale of a majority stake in the company to K1 Investment Management. The terms of the transaction, which concluded on January 22, 2021, are undisclosed.

XTM was founded in 2002 by CEO Bob Willans and CTO Andrzej Zydroń and was bootstrapped prior to K1’s investment. Willans told Slator that XTM management will retain a significant minority stake in the business.

XTM has 400 paying customers and 8,500 paying users, among which Willans said there are “many Tier 1 clients.” Their client list spans a range of end-customer segments and includes Expedia, Sony, and Volvo.

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The CEO told Slator that XTM has a revenue run rate of GBP 8.3m (USD 11.5m), annual recurring revenue (ARR) of GBP 7m (USD 9.7m), and employs 182 people.

As to why XTM decided the time was right to bring a financial investor on board, Willans said that, “in order to continue to grow and expand, the management team felt that it made sense to align with a partner who could not only provide financial resources, but also offer extensive expertise in our field of SaaS B2B sales.”

XTM connected with California-based K1 following a “competitive M&A process to UK, European, and US growth investors” run by EY Corporate Finance, which XTM engaged as advisers.

Discussing the profile of XTM’s new backers, Willans described K1 as focused on investing in high-growth enterprise software and SaaS companies to help them scale, adding that K1 has partnered with more than 140 companies to date.

K1’s investment in XTM is its first foray into the language industry, and XTM’s management will continue to operate the business day to day.

In a press release announcing the deal, K1 Managing Partner Taylor Beaupain is quoted as saying that XTM has demonstrated “impressive growth” and that the translation management market is “an evolving and rapidly growing space.”

Willans also outlined XTM’s plans for deploying the funds, saying that they intend to expand sales and marketing in the company’s key markets, enhance systems and processes, and allocate additional resources to delivering the product roadmap.

According to Willans, XTM is planning four major releases in 2021. He described some of the features they expect to deliver during the year.

  • AI-based predictive typing (using XTM’s Inter-language Vector Space technology);
  • Greater connectivity to their REST API, including more out-of-the-box connectors to CMSs;
  • Support for more file formats in Visual Mode within the XTM Workbench;
  • Ability to build custom filters;
  • Video subtitling functionality; and
  • New functionality around NMT engines.

He said they also plan to improve user experience in XTM Workbench, particularly for translators.

Image: XTM CEO, Bob Willans

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