White & Case advises Memsource on acquisition of Phrase stake
Global law firm White & Case has advised Memsource, an AI-powered translation management system headquartered in the Czech Republic, and its majority shareholder The Carlyle Group, on the acquisition of a majority stake in Phrase, a German software localisation platform, from its existing shareholders.
“Our international team helped to successfully navigate this important strategic acquisition, which is the first since Carlyle’s investment in Memsource last year,” says White & Case partner Ken Barry, who led the Firm’s deal team. “The strong combination of Memsource and Phrase together with Carlyle’s investment in this accelerating sector highlights White & Case’s robust expertise in advising on cross-border deals across the private equity and technology industries.”
Memsource is a leading translation technology provider that assists global corporations and the language services industry in automating the localisation of large volumes of multilingual content. The company is a leader in AI-powered translation technology, which makes localisation easier, faster, and more cost-effective.
Phrase provides cloud-based localisation for software, websites and mobile applications and enables customers to scale their translations processes. Since it was founded in 2009, Phrase has built up a cross-industry client base from the automotive industry to the financial sector. Phrase management, including Founders Wolfram Grätz, Frederik Vollert and Tobias Schwab, remain shareholders in the business following the acquisition.
The White & Case team which advised on the transaction was led by partner Kenneth Barry (London) and included partners Will Smith (London) and Bodo Bender (Frankfurt) and associates Will Summers and Lowrie Robertson (both London), Agmal Bahrami and Thies Schmitte (both Frankfurt) and Kristin Brueggert (Hamburg).