PwC advise IK Partners on the acquisition of DA Languages from Foresight Group
PwC has advised IK Partners, a pan-European private equity firm, on the acquisition of DA Languages from Foresight Group.
PwC provided buy-side support to IK Partners through its corporate finance, financial (FDD) and commercial due diligence (CDD) and tax teams.
Founded in 1988 and headquartered in Manchester, DA Languages (DAL) is a language service provider supplying critical services to organisations communicating with non-English speakers. With a network of over 8,000 mother tongue interpreters and translators, DAL’s offering spans face-to-face, video and telephone interpretation along with written services. Over 450 languages and dialects are provided, including sign language.
IK Partners will work alongside DAL to continue scaling both organically and through add-on acquisitions, with a particular focus on investing further in DAL’s differentiated technology offering to broaden its client base across the public and private sectors and to expand its range of services.
“It is great to have supported IK Partners on this transaction. DA Languages provides a crucial service to its customers and our communities, and with investment from IK, they have a very experienced partner to support them on their next phase of growth.”
PwC provided lead advisory and transaction support to IK Partners through its corporate finance, FDD, CDD and tax teams. The PwC corporate finance team advising the deal included Daniel Gallagher, Coolin Desai, Richard Baty, Shahbaz Qasim, Ibukun Alamutu and Shannon Balram.
PwC CDD services were provided by Andrew MacGlip, Charles Michalowski-Cummings and Cenan Dinc. PwC FDD services were provided by Nicola Preedy, Jon Jesky, Phil Dafinone and Jaspal Kahlon. PwC tax due diligence and structuring services were provided by Marcus De Pian, John Holt, Andy Blundell and Ludo Higgin.
“We enjoyed working alongside the multi-disciplinary PwC team who worked seamlessly to deliver detailed insight throughout the process. DAL is an excellent business operating in a market underpinned by attractive, long-term growth prospects. With our strong track record in supporting European technology-enabled services businesses to scale rapidly, we are delighted to be partnering with the management team on the next phase of the business’ journey.”
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