Catacap buys translation service LanguageWire

The deal saw the GP acquire a majority stake, while the company's CEO Henrik Lottrup will retain a 30% stake and continue to head the business. According to Danish financial publication Børsen, the deal valued the business at DKK 200m.

The GP is reportedly aiming to double the company's revenues within its holding period.

The deal is the second acquisition in 2017 for the Danish small- and mid-cap buyout house, which acquired Copenhagen-based aircraft parts manufacturer TP Aerospace in March.

For the current transaction, the GP drew down capital from its 2012-vintage maiden fund, Catacap I. In September 2014, the vehicle held a final close on DKK 1.1bn, exceeding its DKK 800m target and DKK 1bn hard-cap nearly three years after launch.

Including LanguageWire, the fund has eight companies in its portfolio. CataCap is rumoured to be in the process of raising its second fund.

Company
Founded in 2000, LanguageWire develops an online platform focusing on translation and proofreading services. The company aims to help businesses translate their websites and marketing material.

The business has a 150-strong staff and is headquartered in Copenhagen with a presence in Stockholm, Gothenburg, Oslo, London, Hamburg, Munich, Kiev and Gdansk.

According to a statement, the company posted a turnover of DKK 200m in 2016.

People
Catacap – Rasmus Lokvig (director).

Advisers
Equity – Gorrissen Federspiel (legal); Arthur D Little (commercial due diligence); Deloitte (financial due diligence).
Company – Box Associates (corporate finance); Mazanti-Andersen Korsøe Jensen (legal); PwC (financial due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Technology
• Nordics
• Denmark
• CataCap