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
    • Design Thinking – February 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
    • Design Thinking – February 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Advertise on Slator! Download the 2021 Online Media Kit Now

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
Summa Linguae Closes Two Deals and Completes Majority Sale to Private Equity

1 year ago

December 11, 2019

Summa Linguae Closes Two Deals and Completes Majority Sale to Private Equity

M&A and Funding ·

by Esther Bond

On December 11, 2019

1 year ago
M&A and Funding ·

by Esther Bond

On December 11, 2019

Summa Linguae Closes Two Deals and Completes Majority Sale to Private Equity

On December 9, 2019, Poland-based language service provider (LSP) Summa Linguae Technologies (SLT) completed two North-American acquisitions, and simultaneously sold 51% of its shares to private equity.

SLT had already signed the first deal to acquire Canada-based LSP Globalme on November 16, 2019. At the time, the deal closing date was scheduled for December 9, 2019 to coincide with SLT’s second acquisition and its majority sale to private equity firm V4C. Completing both acquisitions was a precondition of sale to V4C.

As planned, SLT has now completed its second acquisition, US-based life sciences LSP GlobalVision, and has become a portfolio company of V4C.

Advertisement

SLT CEO Krzysztof Zdanowski told Slator that GlobalVision will achieve revenues of USD 2m in 2019. With SLT paying USD 2.5m for GlobalVision, valuation was at 1.25x revenues.

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

According to Zdanowski, the rationale for the GlobalVision acquisition was threefold: the company’s strategic location in Boston, its focus on medical devices, and its strong Middle Eastern language coverage.

SLT’s new majority owner, V4C, paid around USD 14.6m for a 51% stake in SLT, equivalent to 8.4x EBITDA, Zdanowski said. He added that SLT’s post-money valuation is around USD 28.4m. Funds resulting from the sale will be used for, among other things, financing the Globalme and GlobalVision acquisitions.

Prior to the sale, SLT was listed on alternative stock exchange NewConnect in Warsaw, Poland. CEO Zdanowski and COO Madhuri Hegde were both material shareholders in SLT. V4C Partner Piotr Misztal led the deal along with Rafał Ałasa, Piotr Raczkowiak, and Bill Watson.

V4C was advised by Deloitte Legal in Warsaw, Deloitte Financial Advisory, and Deloitte Tax. SLT was advised by EY Corporate Finance and CK Legal Chabasiewicz Kowalska i Partnerzy.

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


TAGS

acquisitionsBill WatsonCK Legal Chabasiewicz Kowalska i Partnerzy.Deloitte Financial AdvisoryDeloitte LegalDeloitte Tax. EY Corporate FinancefundingGlobalmeGlobalVisionKrzysztof Zdanowskilife sciencesM&AMadhuri HegdePiotr MisztalPiotr RaczkowiakRafał AłasaSumma LinguaeV4CV4C Poland Plus Fund
SHARE
Esther Bond

By Esther Bond

Research Director at Slator. Localization enthusiast, linguist and inquisitor. London native.

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
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

Pro Guide: Sales and Marketing for Language Service Providers

Pro Guide: Sales and Marketing for Language Service Providers

by Slator

Press Releases

See all
Donna Thomas Joins Visual Data Media Services as Senior Vice President of Sales, Americas

Donna Thomas Joins Visual Data Media Services as Senior Vice President of Sales, Americas

by Visual Data Media Services

iDISC Awarded ISO 27001 Information Security Management Certification

iDISC Awarded ISO 27001 Information Security Management Certification

by iDISC

XTRF Launches a Bi-Monthly Free Networking Event for Localization Professionals

XTRF Launches a Bi-Monthly Free Networking Event for Localization Professionals

by XTRF

Upcoming Events

See All
  1. Memsource MT Post-Editing Pricing Models Webinar

    Pricing Models for MT Post-Editing Workshop

    by Memsource

    · February 3

    Hear a panel of innovative localization professionals share different approaches for MT post-editing pricing.

    More info FREE

Featured Companies

See all
Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

Seprotec

Seprotec

Versacom

Versacom

SDL

SDL

Smartling

Smartling

Lingotek

Lingotek

XTM International

XTM International

Smartcat

Smartcat

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Why Netflix Shut Down Its Translation Portal Hermes

Why Netflix Shut Down Its Translation Portal Hermes

by Esther Bond

The Slator 2020 Language Service Provider Index

The Slator 2020 Language Service Provider Index

by Slator

Top Language Industry Quotes of 2020

Top Language Industry Quotes of 2020

by Monica Jamieson

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 13,000 subscribers and get the latest language industry intelligence every Friday

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