Mobeus Backs Management Buyout of The Translation People
December 31, 2022
Mobeus has supported a management buyout of The Translation People, investing £12.4m alongside vendor and management rollover to back MD Jasmin Schneider and the senior team. The investment establishes The Translation People as a buy-and-build platform in the fragmented language services market, with the vendors Stephen Wilde and David Nichols stepping back while retaining a minority stake.
- Buyers
- Mobeus, Management of The Translation People (led by Jasmin Schneider)
- Targets
- The Translation People
- Sellers
- Stephen Wilde, David Nichols
- Industry
- Professional Services
- Location
- Greater Manchester, United Kingdom
- Transaction Type
- Buyout
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