V4C to Acquire Majority Stake in Summa Linguae
Posted On: 22 Nov 2019 | Source(s): Summa Linguae Technologies
Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million (approximately USD14 million). V4C Poland Plus Fund will purchase 1.016 million existing shares from select shareholders at a price of PLN13.50 (USD3.48) per share and acquire up to 2.95 million shares under a new issue at the same price. The transaction is pending closing conditions.