Foresight injects £3m into DA Languages

Kenny Wastell
22 May 2018

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Foresight Group has invested ТЃ3m in UK-based interpreting and translation business DA Languages (DAL).

The transaction was conducted via newco DA Languages Holdings, with the company's founder and managing director Actar Arya retaining a significant stake and remaining in her role.

The GP drew capital from £40m vehicle The Regional Investment Fund, which is managed from its Manchester office. The fund invests in companies in the north-west of England that generate turnovers of £2-30m and EBITDA of £500,000 and upwards.

Following the deal, the company will look to build out its corporate structure and expand its activity in the private sector.

As part of the deal, Foresight has introduced former Ascribe financial director Christina Tamblyn as DAL financial director.

Santander provided banking facilities to support the deal.

Company
Founded in 2007, Altrincham-headquartered DAL provides face-to-face interpreting, telephone interpreting and written translation services to corporate clients, charities, NHS trusts and city councils.

People
Foresight Group – Claire Alvarez (senior investment manager).
DA Languages – Actar Arya (founder, managing director).

Advisers
Equity – Gateley, Rebecca Grisewood, Kate Richards, Ffion Brumwell-Huges (legal); Grant Thornton, Phil Grindley (financial due diligence); RPL, Geoff Rampton (commercial due diligence); Catalysis, Mike Hicks (management due diligence); MSC R&D, Roger Bramall (IT due diligence); Vista Insurance, Peter Warburton (insurance due diligence).
Company – Laytons, Andrew Gosnay, Barney Leaf (legal).