M&A Deal Summary

TELUS Acquires Lionbridge AI

On November 6, 2020, TELUS acquired information technology company Lionbridge AI from H.I.G. Private Equity for 935M USD

Acquisition Highlights
  • This is TELUS’s 2nd transaction in the Information Technology sector.
  • This is TELUS’s 2nd largest (disclosed) transaction.
  • This is TELUS’s 2nd transaction in the United States.
  • This is TELUS’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-11-06
Target Lionbridge AI
Sector Information Technology
Buyer(s) TELUS
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 935M USD

Target

Lionbridge AI

Waltham, Massachusetts, United States
Lionbridge Technologies is a provider of translation, development and testing solutions that enable clients to create, release, manage and maintain their technology applications and Web content globally. 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 translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Lionbridge Technologies was founded in 1996 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 2005
Sector Information Technology
Employees74,590
Revenue 2.7B USD (2023)
DESCRIPTION

TELUS is a global provider of customer service, IT, and business process services to industry leaders across the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care sectors. With over 175 million customer interactions supported annually via voice, email, chat, and social media, across the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care industries, TELUS International enables customer experience innovation through spirited teamwork, agile thinking, and a caring culture that puts customers first. TELUS was incorporated in 2005 and is based in Vancouver, Brittish Columbia.

DEAL STATS #
Overall 3 of 7
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 3 of 7
State (Massachusetts) 1 of 1
Country (United States) 2 of 5
Year (2020) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Xavient Information Systems

Simi Valley, California, United States

Xavient Information Systems is a global IT consulting and next-generation software services company with approximately 1,800 employees. Xavient is headquartered in Simi Valley, California in the United States and has operations throughout the U.S. and in India, serving customers primarily in the telecommunications, media, entertainment, healthcare, and banking and financial services sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Agrian

Clovis, California, United States

Agrian provides users access to database for crop protection worldwide. Agrian was founded in 2004 and is based in Clovis, California.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 121 of 176
Sector (Information Technology) 7 of 14
Type (Add-on Acquisition) 52 of 72
State (Massachusetts) 5 of 7
Country (United States) 91 of 121
Year (2020) 6 of 8
Size (of disclosed) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Capstone Logistics

Peachtree Corners, Georgia, United States

Capstone Logistics is a provider of outsourced supply chain solutions at nationwide distribution centers catering to the grocery, foodservice, retail, automotive, and 3PL verticals. Capstone was founded in 2011 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Desktop

Sumare, Brazil

Desktop offers fiber optic internet and triple-play services (internet, TV, and fixed-line) to more than 185,000 clients across 20 cities in the state of São Paulo. The Company has been growing at a double-digit rate in the last few years and is positioned to serve as the platform for a roll-up strategy in the sector, benefiting from a largely underpenetrated and fragmented market. Desktop was founded in 1999 and is based in Sumare, Brazil.

Buy -
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