TransPerfect Acquires Game Localization Specialist MoGi Group
Language service provider TransPerfect acquires game localization specialist MoGi Group to expand within the highly specialized and growing niche.
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Liz Elting
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.
The Post-Deal Lives of Over 100 LSP Owners Who Sold Their Business
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
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.
TransPerfect Moves Corporate Headquarters to Nevada
TransPerfect wasted no time in moving its corporate domicile from Delaware to Nevada once the deadline for Co-founder Liz Elting to file a final appeal with the U.S. Supreme Court had passed on August 1, 2018.
TransPerfect Sale Clears Final Hurdle
Delaware Supreme Court rejects appeal and clears the way for sale of TransPerfect to co-founder and co-CEO Phil Shawe. Transaction expected to close on May 7, 2018.
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 receive USD 287m in after-tax net proceeds.
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. Custodian’s lawyer cites five factors that merit the sale to Shawe.
TransPerfect Posts Record USD 615M Revenue for 2017
TransPerfect grew 12.5% in 2017 and posts record USD 615M revenue for the full year, internal email reveals. Co-CEO Liz Elting calls custodian’s decision to approve sale to co-CEO Phil Shawe “surreal were it not concrete”.
Slator’s Most Popular Language Industry Stories of 2017
Massive privacy breach at Translate.com, senior managers leaving TransPerfect in droves, RWS buying Moravia, Facebook launching neural machine translation, Pearl Linguistic going bust, and more than two dozen other stories that lit up the Slator website in 2017.
Phil Shawe Gets Nod to Buy the Whole of TransPerfect
The battle for TransPerfect appears to be over. The custodian informed staff that co-CEO Phil Shawe was given the nod to buy the remaining 50% from co-CEO Liz Elting.
Mass Resignations at TransPerfect as Bids Reportedly Due This Week
TransPerfect’s Technology division loses more key executives as the wave of resignations by senior executives expands to London and the VP of Asia-Pacific.
TransPerfect Hit By Senior Departures as Sale Imminent
Chief Technology Officer, Chief Information Officer, and a senior executive of TransPerfect’s Technology group resign, citing frustration with uncertainty created by sale process.
Wordfast May Not Be Part of TransPerfect Sale
After the custodian in charge of selling TransPerfect threatens to exclude Co-CEO Phil Shawe from the sales process, Shawe sues in Federal Court. Translation productivity tool Wordfast emerges as major potential obstacle to sale.
TransPerfect’s Phil Shawe Denies Mediation Has Ended
Delaware media reports that mediation between TransPerfect’s two co-CEOs has failed. The source of the report is a lawyer for the court-appointed custodian in charge of selling the company. Shawe tells Slator mediation is not actually over until the mediator or the judge says so.
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