Language Connect sold to The Hut Group
Press Release | 20th July 2018
We are pleased to have helped global translation services provider Language Connect with the successful sale of its business to Manchester based The Hut Group (THG) on 17 July 2018. Both Language Connect and THG were awarded the prestigious Queen’s Award for Enterprise this year in the international trade category.
We helped the vendor shareholders and the company throughout the sale process, summarising and presenting the recent performance of the business for sale, including the appropriate disclosure, and advising on the tax implications of the transaction to help structure the deal, and then working on the sale and purchase agreement.
Ben Taylor, Co-Founder of Language Connect said: “I am thrilled that Language Connect is becoming part of THG and integrated into its Ingenuity platform. I have closely followed the growth of THG as one of the UK’s leading technology companies and particularly its impressive expansion into international territories. I am confident in the Group’s ability to accelerate the business forward and create exceptional opportunities for our people in this exciting new chapter.”
Rob Wood, Principal at Shipleys LLP said: “I am pleased to have been part of the team working on this transaction involving two high growth innovative businesses.”