White & Case LLP has advised Memsource and The Carlyle Group on the deal.
Memsource, a leading AI-powered translation management system headquartered in the Czech Republic, and its majority shareholder The Carlyle Group, completed the acquisition of a majority stake in Phrase, a leading German software localisation platform, from its existing shareholders.
Memsource is a leading translation technology provider that assists global corporations and the language services industry in automating the localization of large volumes of multilingual content. The company is a leader in AI-powered translation technology, which makes localization easier, faster, and more cost-effective.
Phrase provides cloud-based localisation for software, websites and mobile applications and enables customers to scale their translations processes. Since it was founded in 2009, Phrase has built up a cross-industry client base from the automotive industry to the financial sector. Phrase management, including Founders Wolfram Grätz, Frederik Vollert and Tobias Schwab, remain shareholders in the business following the acquisition.
The White & Case team which advised on the transaction was led by partner Kenneth Barry (London; Picture) and included partners Will Smith (London) and Bodo Bender (Frankfurt) and associates Will Summers and Lowrie Robertson (both London), Agmal Bahrami and Thies Schmitte (both Frankfurt) and Kristin Brueggert (Hamburg).
Involved fees earner: Agmal Bahrami – White & Case; Kenneth Barry – White & Case; Bodo Bender – White & Case; Kristin Brüggert – White & Case; Lowrie Robertson – White & Case; Thies Schmitte – White & Case; Will Smith – White & Case; Will Summers – White & Case;
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