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Bridgepoint in the News

20 August 2021

Bridgepoint Development Capital to partner with LanguageWire

Bridgepoint Development Capital is partnering with LanguageWire (“LanguageWire” or the “Company”), a leading tech-enabled provider of language services in Europe, to support the Company’s continued development and growth.

LanguageWire, headquartered in Copenhagen, was founded in 2000 and is today one of the leading tech-enabled language service providers across Europe. The Company offers a language management ecosystem enabling enterprises to engage and communicate with any audience across the globe combining bespoke machine translation and AI technology with human expertise. LanguageWire has been profitable since inception and generates revenue in excess of €60 million. Bridgepoint Development Capital will acquire a majority shareholding in LanguageWire, and will provide capital, resources and support to help the Company to further drive growth internationally.

“We are excited to have Bridgepoint as our new majority shareholder and are confident that they will be a strong partner for LanguageWire on our ambitious development journey going forward. Personally, I am proud that we have attracted an investor such as Bridgepoint, who believes in our strategic direction, our leadership and our organisation, and we very much look forward to further develop and grow LanguageWire together with the Bridgepoint team.” said Søren Bech Justesen, CEO of LanguageWire.

“We have been following the language service sector closely for a period of time and are very impressed by LanguageWire’s journey to-date. Today, the Company holds a leading position through its technology-enabled service offering, combining state-of-the-art technology with committed and skilled employees and its committed leadership team, and we look forward to partnering with the Company during its next chapter of development.” said Johan Dahlfors, Partner at Bridgepoint Development Capital and responsible for investment activities in the Nordic region.

Under the new ownership, LanguageWire will continue to build on its position as a leading tech-enabled language services provider with the ambition to grow organically and through acquisitions.

The value of the transaction is not disclosed.

The transaction is subject to standard competition clearance.

Advisers for BDC in relation to the transaction included: Accura (legal), Alantra (corporate finance), Alvarez & Marsal (financial & tax), Anthesis (ESG), Intechnica (technology), and Slator (market).

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