DGAP-News

Zurmont Madison Private Equity L.P. signs agreement to sell CLS Communication Group to Lionbridge Technologies Inc.

EQS Group-News: Dynamics Group AG / Key word(s): Acquisition
Zurmont Madison Private Equity L.P. signs agreement to sell CLS
Communication Group to Lionbridge Technologies Inc.

14.11.2014 / 10:00

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Press Release

Zurmont Madison Private Equity L.P. signs agreement to sell CLS
Communication Group to Lionbridge Technologies Inc.

Zurich, November 14, 2014 - The Zurmont Madison Private Equity L.P. fund
("Zurmont Madison"), advised by Zurmont Madison Management AG, has signed a
contract for the sale of CLS Corporate Language Services AG ("CLS
Communication") to publicly-listed, US-based Lionbridge Technologies, Inc.
(Nasdaq: LIOX). Following around five years of partnership with Zurmont
Madison Private Equity, three international buy & build acquisitions and
strong growth in revenues and profitability, CLS Communication Group
becomes part of the market leader in global translation and content
solutions worldwide.

In the middle of the financial crisis in mid-2009, Zurmont Madison invested
in the context of a partial buyout of the existing management shareholders
into CLS Communication (www.cls-communication.com) with the aim to
accompany CLS as an entrepreneurial equity partner to achieve a further
internationalization of the group mainly via buy & build acquisitions.
Zurmont Madison invested approximately CHF 23 million of equity into the
group and thus enabled three significant acquisitions in Canada, Germany
and Scandinavia. During this time, group revenues grew by almost 80% to
approximately CHF 83 million while profitability simultaneously increased
strongly.

With the integration into Lionbridge Group (www.lionbridge.com), who is
present on all continents, CLS Communication becomes part of the world's
largest provider of translation solutions and related technologies. Besides
offering general translation services, Lionbridge is mainly active in the
area of software localization. Significant clients include corporations
such as Microsoft, Google and Hewlett Packard.

The two enterprises complement one another perfectly in terms of geographic
coverage as well as of core competencies and industry focus. The market
position of both brands and their competitive ability is thus being
strengthened significantly. The clients of CLS Communication furthermore
benefit of an even more attractive offering, new competencies and an
increased global presence.

Lionbridge will acquire 100 percent of the shares of CLS Communication. The
execution of this transaction is expected to take place in January 2015.

About Zurmont Madison
The funds advised by Zurmont Madison (www.zurmontmadison.ch) have invested
around CHF 500 million in equity to finance corporation succession, MBOs
and spin-offs of group companies in Switzerland, Germany and Austria.
Currently, Zurmont Madison Private Equity L.P. has CHF 250 million under
management. In addition, Zurmont Madison offers investors the opportunity
to directly invest as co-investors in selected private equity transactions.

For further information please contact:
Media Office Zurmont Madison Management AG
c/o Dynamics Group AG
Edwin van der Geest / Philippe Blangey
Phone [phone]



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14.11.2014 This Corporate News was distributed by EQS Schweiz AG.
www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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297142 14.11.2014