logo image
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs
MENU
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Register Before April 15th for SlatorCon Remote and Save 15%!

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
Private Equity Fund Set to Take Majority in Summa Linguae, Finance Two Acquisitions

1 year ago

October 29, 2019

Private Equity Fund Set to Take Majority in Summa Linguae, Finance Two Acquisitions

M&A and Funding ·

by Florian Faes

On October 29, 2019

1 year ago
M&A and Funding ·

by Florian Faes

On October 29, 2019

Private Equity Fund Set to Take Majority in Summa Linguae, Finance Two Acquisitions

Polish language service provider Summa Linguae has signed a Letter of Intent (LOI) to sell a majority stake to Value4Capital (V4C), a Luxembourg-registered private equity firm focused on investments in mid-market Central European companies.

Summa Linguae is listed on the NewConnect stock exchange in Warsaw, whose disclosure requirements include announcing corporation transactions as early as the LOI stage.

Summa Linguae CEO Krzysztof Zdanowski told Slator that the Share Purchase Agreement (SPA; i.e., the final stage of the deal), is set to be signed with V4C by December 9, 2019. The investment will see V4C become the 50%-plus-one share controlling shareholder.

Advertisement

The deal values Summa Linguae at around PLN 100m (USD 25.9m) post-money. V4C will acquire the majority stake via subscribing to a PLN 42m (USD 10.8m) capital increase and by buying out individual minority shareholders.

Slator 2020 Language Industry Market Report

Data and Research, Slator reports
55 pages. Total market size, biz dev and sales insights, TMS & MT review, buyer segment analysis, M&A, Covid impact & outlook.
$480 BUY NOW

Crucially, the V4C deal is contingent upon the prior closing of two acquisitions by Summa Linguae. Two filings in May 2019 and July 2019 show that the company had begun acquisition negotiations with a US-based life sciences language service provider (LSP) and a Canada-based data annotation company. CEO Zdanowski said Summa Linguae will pay USD 2.5m for the LSP and USD 8m for the data annotation provider. The names of the two companies will be announced after their respective SPAs have been signed.

Zdanowski is no stranger to dealmaking. In 2018, the company acquired Swedish boutique LSP Kommunicera for nearly USD 2m. In 2017, the company merged with India-based LSP Mayflower, whose CEO Madhuri Hegde stayed with the company and remains a major shareholder. Post the V4C deal, Zdanowski and Hegde will hold approximately 25% of the company’s shares. The V4C investment will leave the free float at less than 25%, and Zdanowski said “it’s a likely scenario that the company will eventually become fully private.”

Slator 2019 Language Industry M&A and Funding Report

Data and Research, Slator reports
34-page report. Language industry M&A and startup funding. Transaction valuations, trade sales, financial backing, private equity influence, main rationale, seller verticals, geographical analysis, startup funding analysis.
$450 BUY NOW

Slator will provide additional coverage on the transaction once the V4C deal closes and more details about the two newly acquired companies become available.

Image: Summa Linguae CEO Krzysztof Zdanowski

TAGS

Krzysztof ZdanowskiMadhuri HegdeMayflowernew connect stock exchangeNewConnectPolandSumma LinguaeV4CValue4CapitalWarsaw
SHARE
Florian Faes

By Florian Faes

Co-Founder of Slator. Linguist, business developer, and mountain runner. Based in the beautiful lakeside city of Zurich, Switzerland.

Advertisement

SUBSCRIBE TO THE SLATOR WEEKLY

Language Industry Intelligence
In Your Inbox. Every Friday

SUBSCRIBE

SlatorSweepSlatorPro
ResearchRFP CENTER

PUBLISH

PRESS RELEASEDIRECTORY LISTING
JOB ADEVENT LISTING

Bespoke advisory including speaking, briefings and M&A

SLATOR ADVISORY
Advertisement

Featured Reports

See all
Pro Guide: Translation Pricing and Procurement

Pro Guide: Translation Pricing and Procurement

by Slator

Slator 2020 Language Industry M&A and Funding Report

Slator 2020 Language Industry M&A and Funding Report

by Slator

Slator 2021 Data-for-AI Market Report

Slator 2021 Data-for-AI Market Report

by Slator

Slator 2020 Medtech Translation and Localization Report

Slator 2020 Medtech Translation and Localization Report

by Slator

Press Releases

See all
Former TrustPoint Translations CEO Joins XTRF Advisory Board

Former TrustPoint Translations CEO Joins XTRF Advisory Board

by XTRF

Global Ready Conference Lineup Announced

Global Ready Conference Lineup Announced

by Smartling

Italian LSPs Yellow Hub and TDR Translation Company Merge

Italian LSPs Yellow Hub and TDR Translation Company Merge

by Yellow Hub TDR

Upcoming Events

See All
  1. Smartling - Global Ready Conference 2021

    Global Ready Conference

    by Smartling

    · April 14

    When you can't traverse the world, let the world come to you. Join our annual global event from home.

    More info FREE

Featured Companies

See all
Sunyu Transphere

Sunyu Transphere

Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

SeproTec

SeproTec

Versacom

Versacom

Smartling

Smartling

XTM International

XTM International

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

by Seyma Albarino

The Slator 2021 Language Service Provider Index

The Slator 2021 Language Service Provider Index

by Slator

Poland Rules on LSP Using Google Translate; Defines ‘Professional Translator’

Poland Rules on LSP Using Google Translate; Defines ‘Professional Translator’

by Marion Marking

SlatorPod: The Weekly Language Industry Podcast

connect with us

footer logo

Slator makes business sense of the language services and technology market.

Our Company

  • Support
  • About us
  • Terms & Conditions
  • Privacy Policy

Subscribe to the Slator Weekly

Language Industry Intelligence
In Your Inbox. Every Friday

© 2021 Slator. All rights reserved.

Sign up to the Slator Weekly

Join over 13,800 subscribers and get the latest language industry intelligence every Friday

Your information will never be shared with third parties. No Spam.