PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: NeonDrum Ltd

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Zurmont Madison Private Equity Acquires Majority Interest in CLS Communication AG - Zurmont Madison Private Equity L.P. (
Zurmont Madison Private Equity Acquires Majority Interest in CLS Communication AG


NewswireToday - /newswire/ - Zurich, Switzerland, 2009/07/13 - Zurmont Madison Private Equity L.P. ("Zurmont Madison") has acquired a majority interest in the leading language services provider CLS Communication AG ("CLS").

Your Banner Ad Here instead - Showing along with ALL Articles covering Translation Services/Language/Text-to-Speech Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


The deal consists of a partial buyout of the existing managing shareholders combined with an increase in the company's equity. The funds will be used to make further acquisitions and finance ongoing global expansion. On completion of the transaction, the existing management team headed by CEO Doris Albisser will hold a substantial minority interest.

CLS Communication was formed in 1997 as a spin-off from the language services departments of Swiss Bank Corporation (now UBS) and Zurich Insurance and was incorporated with registered office in Basel. Today CLS is a provider of integrated multilingual communication services in its core areas of finance, insurance, life sciences, telecommunications and legal. The company is one of the 15 largest global language services providers and is the market leader in Switzerland. A number of major companies have outsourced their language services to CLS. As a provider of integrated multilingual communication and language technology solutions, CLS offers a broad range of services. These include copywriting and editing, human and machine translation, terminology databases as well as integrated client applications. In 2008 the company posted sales of around CHF 60 million with an internal headcount of 350 linguists and related specialists. In addition to its own employees CLS has a global network of over 1600 external language specialists throughout the world. As a technology innovator CLS employs state-of-the-art language technology and complies with the most stringent banking confidentiality requirements.

Zurmont Madison's investment will secure the equity funding required to execute the company's international growth strategy. The language services market is extremely fragmented and therefore offers good expansion opportunities to a leading provider with a strong capital base. As a result of the transaction, new directors from Zurmont Madison Management AG, Zurich, will join the CLS board of directors, which currently consists of Alfred Niederer, Markus Hildbrand and Doris Albisser. The new members are Guido Patroncini, Andreas Ziegler and Michel Hirschi. The company's operational management will remain in the hands of the present executive team.

Guido Patroncini, founding partner of Zurmont Madison Management AG, said: "We look forward to embarking on the next stages of growth together with the successful CLS team. Zurmont Madison will offer financial backing as well as support for the execution of a buy-and-build strategy."

Doris Albisser, CEO of CLS: "With Zurmont Madison we have found a shareholder that fits well with CLS and is committed to long-term success. This capital injection will enable us to continue and redouble our growth efforts. We look forward to a successful and constructive partnership."

About Zurmont Madison Management AG
The private equity team of Zurmont Madison Management AG, Zurich, has closed 17 private equity deals to date for a total equity investment of CHF 375 million and is focused on equity financing for corporate successions, MBOs and spin-offs of corporate groups in Switzerland, Germany and Austria. The Zurmont Madison Private Equity L.P. fund, which is advised exclusively by Zurmont Madison Management, has a volume of over CHF 250 million and currently holds two majority shareholdings: Röder Zeltsysteme und Service AG in Germany and the Swiss company SMB SA in Ticino. Previous transactions include succession arrangements for the Similor Group and Schlatter Holding AG and the management buyout of Burckhardt Compression AG followed by the company's subsequent IPO on SIX Swiss Exchange.

About CLS Communication
CLS Communication AG ( is an international language and technology services provider for multilingual communication in the fields of finance, insurance, telecommunications, life sciences and legal. Headquartered in Switzerland with 14 locations in Europe, the USA and Asia, the company specialises in the production, translation and management of multilingual documentation. Its client base includes some 1000 well-known global companies, all of whom rely on their partnership with CLS Communication to enhance the efficiency of their business communications on a long-term basis.

For further information, please contact:
Zurmont Madison, Andreas Ziegler
T: +41 79 436 28 29

CLS Communication AG, Doris Albisser, CEO
T: +41 44 206 68 50

Media Office
Dynamics Group AG
T: +41 43 268 32 30

Your Banner Ad Here instead - Showing along with ALL Articles covering Translation Services/Language/Text-to-Speech Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: NeonDrum Ltd


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Translation Services/Language/Text-to-Speech articles,
CATCH Visitors via Your Competitors Announcements!

Zurmont Madison Private Equity Acquires Majority Interest in CLS Communication AG

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Liz Hartney 
+44 7510 518732 news[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NeonDrum Ltd securities in any jurisdiction including any other companies listed or named in this release.

Translation Services/Language/Text-to-Speech via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From NeonDrum Ltd / Company Profile

Read Translation Services/Language/Text-to-Speech Most Recent Related Newswires:

BigHand North America Announces Strategic Partnership with DTI
BigHand Announce Integration with iManage to Simplify Document Production
BigHand Announces Voice and Template Management Integration to Revolutionize Document Production for Law Firms
Reinhart Boerner Van Deuren Chooses BigHand Digital Dictation
Jones Skelton Switches to BigHand Digital Dictation to Support Attorney Mobility and Flexible Working
BigHand and All Covered Announce Partnership in Marketing and Selling BigHand Products in North America
X Creative Media Launches New Website
BigHand Celebrates 10 Years in North America At ILTACON 2016
Audience Global Sarl Launches New Language Translation & Content Management Blog and Website
Alstom Achieves Homologation of Coradia Lint in Poland
Frost & Sullivan Acknowledges the Innovation behind Aivo’s Development of AgentBot, its Intuitive Virtual Agent Software
Lipsitz Green Scime Cambria LLP Upgrades to BigHand for Flexibility, Mobility and to Streamline Processes
BigHand Partnering with the International Legal Technology Association to Host Roadshows Across the Country in 2016
Worker’s Compensation-focused Firm, Bradford & Barthel Chooses BigHand to Increase Efficiency and Streamline Processes
AAC Global Chooses XTRF As its Management System Provider

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  NAKIVO, Inc.

  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (