Zurmont Madison's CLS Communications acquires 4-Text

Following the transaction, the company will operate under the name CLS 4-Text GmbH. The deal was financed through equity provided by Zurmont Madison as well as debt provided by Credit Suisse in Zurich.

Zurmont Madison acquired Switzerland-based CLS in July 2009 in an all-equity deal valued at less than €25m. The GP also provided acquisition finance for the purchase of Denmark-based Scandinavian Translators and Canadian business Lexi-Tech International.

Company
4-Text is a Berlin-based support services company, providing translations of technical documentation from industrial companies. Founded in 1997, it employs more than 60 people. Its latest revenues amounted to slightly less than €10m.

People
Partner Andreas Ziegler led the deal on behalf of Zurmont Madison. Marie-Laure Vinckx, previously CEO, will continue to lead the operations of 4-Text.

Advisers
Equity - FPS Rechtsanwaelte, Holger Jakob, Susanne Lang (Legal); Warth Klein Grant Thornton, Rainer Wilts (Financial due diligence, tax).

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• Topics
• DACH
• Portfolio management
• Support services
• Acquisition finance
• Germany
• Zurmont Madison Management