M&A Deal Summary

The Carlyle Group Acquires Phrase

On July 2, 2020, private equity firm The Carlyle Group acquired internet software and services company Phrase

Acquisition Highlights
  • This is The Carlyle Group’s 24th transaction in the Internet Software and Services sector.
  • This is The Carlyle Group’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2020-07-02
Target Phrase
Sector Internet Software and Services
Buyer(s) The Carlyle Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Phrase

Prague, Czech Republic
Phrase helps global companies translate efficiently and supports 500+ languages, 50+ file types, and 30+ machine translation engines. Phrase enables its customers to increase translation quality while reducing costs using its patented, state-of-the-art AI technology. Phrase is based in Prague, Czech Republic.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 674 of 742
Sector (Internet Software and Services) 24 of 24
Type (Buyout (LBO, MBO, MBI)) 203 of 220
Country (Czech Republic) 1 of 3
Year (2020) 12 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Nxtra Data

New Delhi, India

Nxtra Data offers secure data centre services to leading Indian and global enterprises, hyperscalers, start-ups, SMEs and governments. Nxtra Data is based in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 Yakjin Trading

Seoul, South Korea

Yakjin Trading is a large garment OEM company in Korea, with manufacturing facilities in Vietnam, Indonesia and Cambodia. Yakjin has a strong customer base with large multi-national fashion retailers including GAP, L Brands, American Eagle and Walmart.

Sell -
Mergr

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