GeTraNet Gruppe & ElaN Languages

4. July 2023

With the help of a complex transaction structure, an optimal company transfer from Lingua World to the Belgian language service provider ElaN Languages was ensured.

GTN Group AG has sold all shares of Lingua World to the Belgian language service provider ElaN Languages. In the transaction process, which was accompanied by atares* as M&A advisor, all shares were sold to ElaN in a share deal. The current CEO Tom Jordi Ruesch remains on board and will expand together with ElaN through acquisitions as part of a buy&build strategy.

Atares successfully supported the shareholders as exclusive M&A advisor in the preparation and execution of the transaction, which was particularly characterized by the complex shareholder structure. The consulting services included the execution of a structured transaction process, the consolidation of the financials of the complex corporate structure, the preparation of marketing and transaction documents, the identification and approach of potential investors including management presentations as well as the support during due diligence and transaction negotiations. With this transaction, atares was once again able to demonstrate its expertise and network in the field of language services as well as the execution of competitive processes. The atares transaction team: Rainer Wieser (Partner, Munich) and Bastian Siefert (Analyst, Munich).

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About Lingua-World

Lingua World is a leading language service provider with a strong customer profile and first-class visibility in the German language market. Its strategic market position has been achieved through a long-standing quality-oriented buy & build strategy and industry-leading integration processes. As part of the transaction the GEtraNet Group companies were consolidated into Lingua World GmbH.

About ElaN Languages

ElaN Languages has been a one-stop-shop for language services for over thirty years. Its core activities include specialized translation, copywriting, voice-over and subtitling with a strong use of technology platforms for these areas. Since 2022, the French financial investor Andera Partners has been invested in ElaN and supports ElaN in its further growth, including buy&build.

About atares

Atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.