Liz Elting Archives

Mergers & Acquisitions • By Esther Bond On 6 Sep 2019

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.

Investment & Funding, Mergers & Acquisitions • By Florian Faes On 20 Jun 2019

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.

People Moves, Subscriber Content • By Marion Marking On 23 May 2019

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.

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Industry News • By Florian Faes On 12 Apr 2019

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.

Industry News • By Andrew Smart On 13 Aug 2018

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.

Mergers & Acquisitions • By Florian Faes On 4 May 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.

Mergers & Acquisitions • By Andrew Smart On 16 Feb 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.

Mergers & Acquisitions • By Andrew Smart On 26 Jan 2018

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.

Financial Results • By Florian Faes On 17 Jan 2018

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”.

Features • By Gino Diño On 29 Dec 2017

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.

Mergers & Acquisitions • By Florian Faes On 20 Nov 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.

People Moves • By Florian Faes On 10 Nov 2017

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.

People Moves • By Florian Faes On 25 Oct 2017

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.

Industry News • By Andrew Smart On 11 Sep 2017

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.

Industry News • By Florian Faes On 21 Jul 2017

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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