Lionbridge and H.I.G. Capital Seek Dismissal of TransPerfect Trade Secrets Lawsuit
Lionbridge and private equity owner H.I.G. fire back at TransPerfect over a trade secrets spat, calling the lawsuit’s claims false and meritless. Continue reading
Tag: H.I.G Capital
TransPerfect Refinances USD 445m Loan Used in 2017 Buyout, Gears Up for M&A
TransPerfect cuts annual interest bill by USD 15m as it refinances loan used to secure sole ownership for Phil Shawe. CEO says there are sufficient funds for major acquisition. Continue reading
Slator 2019 Language Industry Market Report
Slator’s inaugural comprehensive language industry market report. It examines total market size, the 10 main end-buyer industries, competitive landscape, productivity tech, NMT and much more. Continue reading
TransPerfect Files Multimillion-dollar Lawsuit Against Lionbridge, H.I.G. Capital
Court battles loom as TransPerfect files lawsuit against Lionbridge over alleged misuse of confidential information obtained during 2017 court-imposed sale process. Continue reading
Court Accepts TransPerfect Sale to Phil Shawe, Hopes All ‘Can Move on with Their Lives’
The Delaware court has approved the sale of TransPerfect shares to Phil Shawe and ruled that Liz Elting’s objections are without merit. Shawe will pay USD 770m, over 10 times EBITDA. Elting to... Continue reading
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The Five Factors Why Phil Shawe (and not H.I.G.) Got TransPerfect
TransPerfect co-CEO Liz Elting is pushing the Delaware court to reject the sale of her shares to her co-founder Phil Shawe, claiming the custodian’s abuse of discretion and Shawe’s misconduct.... Continue reading
Lionbridge Will Be a ‘Very Different Company’, Says CEO John Fennelly
Revenues for 2017 “just short of USD 600m”, says Lionbridge CEO John Fennelly in what he calls a year of transition. CEO comments on executive team restructuring, neural MT, and why his mandate... Continue reading
LIOX No More: Rory Cowan on Taking Lionbridge Private
Lionbridge CEO Rory Cowan talks to Slator about how the USD 360m deal with private equity fund H.I.G Capital came about and how he plans to leverage the company’s balance sheet to play a very... Continue reading
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