Clarion Capital Partners acquisition of stake in Moravia IT
Moravia IT a.s. (“Moravia”) has announced that Clarion Capital Partners, LLC (“Clarion”), a New York-based middle market private equity firm, has acquired a majority interest in the company. Moravia’s 2014 revenues exceeded USD 100 million, making the translation and localization company the first in the language services industry to achieve the hundred-million–dollar milestone through organic growth alone.
Moravia’s services address the complex localization demands of leading global brands and fast-growing companies, primarily in the IT and life science industry sectors. Moravia partners with its clients to succeed in global markets by adapting or sometimes recreating the client’s content to meet the specific linguistic, technical and cultural expectations of customers in each target market.
Glafkos Tombolis, Corporate Partner, led the team at Kemp Little LLP. Mr. Tombolis commented: “We represented Moravia and its majority shareholder, both of whom are new clients for the firm.”
“Our role in the transaction was to advise as to English law (the principal acquisition documents were governed by English law) and also to co-ordinate the provision of (amongst other systems of law) US and Luxembourg legal advice provided by local legal counsel. We also liaised closely throughout the transaction with our clients’ corporate finance advisors, Little Venice Partners.”
“The transaction involved a disposal by the founder and principal shareholder of her interest in the target group. The purchaser, Clarion Capital Partners LLP (a US-based mid-market private equity fund) is looking to establish a leading position in the localisation space, hence the acquisition. Our client has a retained economic interest in the buyer’s group and will, no doubt, offer invaluable strategic input to Clarion.”
“Kemp Little is the UK’s leading technology-focused law firm with considerable cross-border private equity experience. This transaction therefore very much played to our core strengths.