The deal

The Translation People are on the acquisition trail with £10.5 million refinancing

Our debt advisory team has advised Mobeus Equity Partners on The Translation People’s on a successful £10.5 million debt raise, that will support the firm’s buy-and-build strategy.

Headquartered in Manchester, the business delivers high-quality translation services to clients around the world from its eight offices in Europe and the United States, working with a global network of more than 4,000 language specialists. The business supplies a variety of translation services, including interpreting, multilingual DTP and voiceover and subtitling for video translation, allowing companies to produce and understand content in various different media.

FRP Corporate Finance was appointed as debt advisers by Mobeus Equity Partners, who recently supported a management buyout of The Translation People, to deliver a debt financing solution to facilitate future growth.

Led by Partner, Simon Sherliker and Director, Stuart Sweeney, and supported by Senior Manager, Amit Bagga and Manager, Brad Gayler, our Debt Advisory team managed the full debt raising process from end to end, which ultimately saw Mobeus and The Translation People reach a financing agreement with Shawbrook bank.

This entailed using a collaborative yet focused approach to ensure the right outcome. The team applied it’s extensive experience of the debt markets to run a competitive process that delivered the optimum financing solution.

Simon Sherliker, Partner at FRP Corporate Finance, said: “The Translation People now has a clear runway to pursue its buy-and-build strategy and consolidate its position as a leading global translation services provider.

“In addition to scalable funding, flexibility was a key requirement for the Company and Mobeus, so our team paid particular attention to the covenant setting process as we built a bespoke covenant structure that worked for both the borrower and lender. It was a pleasure to help secure this positive outcome for all parties.”

Stuart Sweeney, Director at FRP Corporate Finance, added: “This deal will ensure the successful continuation of The Translation People’s acquisition strategy, and in Shawbrook Bank it has a long-term finance partner and a facility that can grow with the business.

“This deal highlights how lenders remain willing to support the right businesses and ambitious leadership teams with flexible facilities that can support their strategies.”

Tom Grunwald, CFO at The Translation People, said: “Simon and his team ran a really tight process which gave us a great range of offers and lenders to choose from. We’re delighted to be working with Shawbrook and the facility we now have in place gives us exactly the platform we need to support our growth strategy.”