Source: http://www.value4capital.com

9 December 2019

Summa Linguae Technologies, the Warsaw New Connect listed language-technology solution provider, is the third addition to the V4C Poland Plus Fund’s portfolio

Value4Capital, the lower mid-market Polish and central European buy-out manager, announced the investment in a majority stake in Summa Linguae Technologies S.A. (“Summa Linguae”) by its V4C Poland Plus Fund (the “Fund”). Summa Linguae (www.summalinguae.com), listed on the New Connect market of the Warsaw Stock Exchange, is a leading Polish provider of technology-enabled language-related services for B2B clients. The transaction was announcedin the current filing by Summa Linguae available here.

Headquartered in Cracow, Summa Linguae has a global footprint having previously completed acquisitions in Indiaand Scandinavia. The Fund’s investment will,among other uses, finance the acquisition of two North American companies: Globalme, based in Vancouver, which has a significant position in the fast growing data collection and annotation market;and Global Vision, a language services providerbased in Boston, and focused on the life sciences vertical. 

Krzysztof Zdanowski, President of Summa Linguae commented: “V4C is supporting the company to achieve its vision of offering services on a global basis.  Our focus is on technology-enabled translation and localization solutions addressing our clients’ need for fast, accurate translation and adaptation of their materials to the local markets. Our expansion supports our ability to provide that in Europe, Asia and now North America.”

Piotr Misztal, V4C partner and transaction leader commented: “Summa Linguae is one of those companies that has succeeded beyond its original borders. It is an example of how Polish businesses can globalize.  We are pleased to be accompanying the management team on their pursuit of global opportunities.”

The Fund acquired existing shares and undertook a capital increase for a total investment of about EUR 13.2m.  “We expect to continue to support Summa Linguae as it seeks to further grow its position both organically and through acquisitions,”stated Mr. Misztal.

The V4C deal team included Piotr Misztal, Rafał Ałasa, Piotr Raczkowiak and Bill Watson. They were advised by Deloitte Legal in Warsaw and Deloitte Financial Advisory inrelation to financialdue diligence of Summa Linguae and Deloitte Tax in relation to tax due diligence.Summa Linguae was advised by EY Corporate Finance and Chabasiewicz Kowalska i Partnerzy.

About V4C

Value4Capital specialises in private equity investments in service businesses, looking for opportunities where the service has a strong local delivery component. It focuses on Poland, but selectively invests in Romania, the Baltics and the other EU member states of central Europe. Owned and managed by its partners, V4C has over 25 years of mid-market private equity experience in the region.

The Fund, which held its final closing in July 2019, benefits from financial backing from the European Union under the European Fund for Strategic Investments (EFSI), set up under the Investment Plan for Europe.  The Polish Growth Fund of Funds (PGFF) is also an indirect investor in the Fund. The PGFF is an initiative created by cooperation between BGK (Bank Gospodarstwa Krajowego in Polish) and the European Investment Fund.

Contact:
Piotr Misztal, Partner
+48 22 627 4000
piotr.misztal@value4capital.com