Mobeus Equity Partners previously supported The Translation People with their management buyout in December 2022.
The Translation People recognised opportunity to consolidate language services with their buy and build strategy.
Shawbrook is supporting growth plans with Committed Acquisition Facility.
Make an enquiry to find out how Shawbrook can support your business.
Backed by sponsor, Mobeus Equity Partners, The Translation People (TTP) is undertaking a buy and build strategy in the growing but highly fragmented language services market, with funding support from Shawbrook.
The Translation People is a specialist Language Service Provider delivering B2B translation services to global corporate firms and SMEs. Using a combination of proprietary and third-party technology and a network of international linguists, The Translation People provides business critical translations for organisations across a wide range of sectors.
Mobeus Equity Partners supported TTP with a management buyout in December 2022, enabling the business to pursue its ambitious buy and build strategy in the growing language services market. With the increased globalisation across business sectors creating a demand for high quality language services, TTP recognised the need for consolidation in this highly fragmented market and has worked with Shawbrook to secure funding to roll out their growth plans.
Shawbrook structured an eight-figure Committed Acquisition Facility to support TTP with their buy and build strategy, which included the acquisition of Sure Languages earlier this year. Additionally, the company will continue to invest in its marketing and sales resources, and project management tools, as it scales.
Travers Smith provided legal counsel for Shawbrook.
- Jasmin Schneider, MD of The Translation People
Jasmin Schneider, MD of The Translation People, said:
“Shawbrook very quickly understood the market dynamics and the team there were very supportive of our strategy and objectives from very early in the process. They worked with us to create a solution that catered for both the initial acquisition and our longer-term growth plans.”
Chris Price, Partner, Mobeus Equity Partners, said:
“We’ve known the team at Shawbrook for some years now and having worked together before, we knew they understood our objective. The team showed an interest from the get-go and followed through at every step of the way.”
James Salmon, Senior Director, Financial Sponsors at Shawbrook said:
“With an established positive view of the sector and following a very promising initial management meeting, we had conviction in the lending opportunity from the outset. We were particularly impressed with the set-up of the business, their vision for growth and strong established management team.
“Under Mobeus ownership The Translation People has already made substantial progress and we look forward to seeing Jasmin and her team deliver further successes as they continue to consolidate businesses in this sector.”
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