Summa Linguae Closes Two Deals and Completes Majority Sale to Private Equity
Polish LSP Summa Linguae closes deals to acquire two North American companies, Globalme and GlobalVision; sells 51% stake to PE firm V4C.
Polish LSP Summa Linguae closes deals to acquire two North American companies, Globalme and GlobalVision; sells 51% stake to PE firm V4C.
Polish LSP Summa Linguae has secured backing from PE fund, Value4Capital, to finance acquisitions in the US and Canada. Deal sees fund taking majority in LSP.
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After a 25% minority share swap back in mid-2016, Summa Linguae will 100% own Mayflower as they merge into a single company with USD 7m in revenues. Mayflowers owners gain significant shares within Linguae as the company seeks to solidify India as a market and expand into the US.
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