Goodwin represented Lionbridge Technologies (Nasdaq: LIOX) in its sale to H.I.G. Capital, LLC. Under the terms of the agreement, Lionbridge stockholders will receive $5.75 per share in cash for each share of Lionbridge common stock, representing a 17% premium over Lionbridge’s 60-day weighted average price per share as of December 9, 2016. The transaction will be financed through a combination of debt and equity financing, as well as potentially cash and cash equivalents on Lionbridge’s balance sheet.
A longtime client of Goodwin’s, 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 its innovative cloud technology platforms and global crowd of more than 100,000 professional cloud workers, the company provides 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.
H.I.G. is a leading global private equity investment firm with $21 billion of equity capital under management. he firm invests in companies throughout the U.S., Europe and Latin America and aligns itself with committed management teams to help build businesses of significant value.
The Goodwin team was led by partners Stuart Cable and Jacqueline Mercier with invaluable assistance from partners Ken Gordon, James Matarese and Jennifer Bralower.
For additional details on the transaction, please read the press release.