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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!