H.I.G. Capital said May 4 that it has closed its buy of Lionbridge Technologies Inc. The deal was announced in December. Lionbridge, of Waltham, Massachusetts, provides translation, marketing and multilingual communications solutions to more than 800 enterprises worldwide.
NEW YORK–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than $21 billion of equity capital under management, is pleased to announce that one of its affiliates has acquired Lionbridge Technologies, Inc. (“Lionbridge” or the “Company”), the largest global provider of language and digital communication solutions.
Headquartered in Waltham, MA, Lionbridge provides translation, marketing and multilingual communications solutions to more than 800 enterprises worldwide. The Company’s differentiated, technology-enabled crowd-in-the-cloudSM model enables clients to increase global customer engagement and accelerate growth across geographies, languages and channels.
Rory Cowan, CEO of Lionbridge, commented, “We are delighted to have H.I.G. as our partner. The firm brings valuable expertise in technology-enabled business services, in-depth knowledge of the underlying trends in globalization, and an appreciation the global scale capabilities we’ve developed for world-leading brands. We look forward to working with H.I.G. to support the next phase of our growth and market leadership.”
“We are very pleased to partner with Lionbridge Technologies,” said Matt Lozow, Managing Director at H.I.G. “Lionbridge is a market leader with global scale and an incredible value proposition to clients around the world. The Company has a long track record of delivering best in class solutions to its customers with unmatched quality, service, scale, and technological capabilities. We see tremendous opportunities in the business and look forward to supporting the entire Lionbridge team in pursuing organic growth initiatives and consolidation opportunities to build scale and enhance its leadership position.”
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide detail-critical business processes, including translation, online marketing, global content management and application testing solutions, which ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 27 countries. To learn more, visit www.lionbridge.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $21 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.