Segulah buys Semantix from Litorina

The investment was made through Segulah V, the GP's SEK 5.6bn fifth fund, and follows Segulah's investment in Teknikmagasinet six days prior.

Segulah will be Semantix's third private equity owner, following Litorina, which bought the company from Accent Equity Partners in 2008 through its Litorina Kapital III fund.

Semantix intends to undertake an acquisitive and organic growth strategy.

Previous funding
Semantix first came under private equity ownership in February 2006, when Accent wholly acquired the company in a carve-out from Dutch language group Lantz International. In August 2008, Accent exited its investment in an SBO to Litorina.

Company
Semantix is a provider of translation and interpreting services to companies and local authorities in the Nordic region.

Headquartered in Stockholm, the company has 12 offices across Sweden, Finland and Norway, employing around 300 people, as well as 3,000 freelance consultants. Its annual revenues are SEK 600m.

People
Henrik Lif is the managing partner of Segulah and Lars Verneholt is a partner at Litorina. Anders Uddfors is the CEO of Semantix.

Advisors
Vendor – Access Partners (M&A); Vinge (Legal); PwC (Financial due diligence).

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• Topics
• Nordics
• Buyouts
• Support services
• Sweden
• PricewaterhouseCoopers
• Segulah
• Litorina
• Accent Equity Partners