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 and James Carolan.
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