We were delighted to advise the majority of the selling shareholders / Xcelerator Machine Translations Limited in relation to the disposal of over 99% of the issued share capital in Xcelerator Machine Translations Limited, a leading machine translation technology company, to Keywords International Limited, an international provider of technical and creative services to the global video games industry.
The transaction involved a set of pre-completion conversion of debt to equity, conversion of preference shares to ordinary shares and the conversion of employee stock options to non-voting ordinary shares in the Target company.
The LK Shields team was led by Partner Marco Hickey, with assistance from Saadi Siddiky, Gillian Dully, Elaine Hughes, Liam Boyle and James Carolan.
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