ISIS Equity Partners has announced the sale of Language Line to Language Line Inc for £25m. Language Line is a UK provider of telephone interpretation services. ISIS invested in Language Line in August 2003 leading a £15m secondary buyout from ECI. The original investment was led by Shani Zindel and Daniel Smith. The exit was led by Adam Holloway who was on the Board with Zindel.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn