Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, has provided a credit facility to support Susquehanna Private Capital (SPC) with its acquisition of language services provider thebigword Group (thebigword).
Founded in 1980 and headquartered in Leeds, United Kingdom, thebigword Group is a global language technology company comprised of thebigword, TBW Global and WordSynk. thebigword, which is one of the largest language technology companies in the world, is a major supplier to the UK and US Governments and other NATO members around the world, as well as some of the largest companies globally. Thebigword has over 15,000 linguists translating more than 1 billion words each year for around 3,200 clients.
Kartesia has provided debt facilities to support this acquisition, with the capital drawn from Kartesia Senior Opportunities I (KSO I), and is eager to support an acquisition-oriented growth strategy with additional investments. This transaction marks the eighth in the UK for the KSO I fund. The deal team at Kartesia comprised of Nick Holman, George Simpson and Serafina Di Felice.
Nick Holman, Director at Kartesia, says: “We are excited to support SPC with its acquisition of thebigword, which is a uniquely positioned Language Service Provider, offering both interpretation and translation services through WordSynk, the world’s first all-in-one localisation platform. This investment in thebigword, our eighth in the UK, is exactly the type of deal we are looking for in our senior debt strategy, supporting a market leading UK company providing mission critical services to a roster of blue chip private and public sector clients.”
