HIG To Nab Lionbridge Technologies In $360M Deal
Law360, New York (December 12, 2016, 3:22 PM EST) -- Globalization specialist Lionbridge Technologies Inc. said Monday that it has agreed to be acquired by an affiliate of private equity firm HIG Capital in a deal valued around $360 million, which was advised on by Goodwin Proctor LLP and Kirkland & Ellis LLP.
HIG will pay $5.75 per share in cash, which represents a 17 percent premium to the company’s 60 day-weighted average share price, according to a statement from Lionbridge announcing the agreement. The deal has an equity value of about $360 million, the statement said.
Based in Waltham, Massachusetts, Lionbridge provides translation, online marketing, content management and application testing...
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