AGC Partners is pleased to announce that The Carlyle Group has acquired a majority stake in Memsource, an AI-powered translation technology that automates the localisation of large volumes of multilingual content for global corporations. With a team led by Sean Tucker, AGC Partners acted as sole financial advisor to Memsource. The investment and overall support from The Carlyle Group will enable Memsource to accelerate its growth across all key markets, including North America and Asia. To view the announcement by Memsource, click here.
"AGC was referred to me by a friend who was the founder of a technology company AGC helped sell to a major global player. Selecting AGC was one of the best decisions I made throughout the investment process. Sean and the AGC team, who managed the entire process for us, definitely surpassed our expectations and we would have never been able to close this type of a transaction without his consistent guidance. This is even more true given the major headwind that we encountered right before closing - the COVID outbreak. Thanks to our solid performance and Sean's persistence and experience throughout the COVID period, we were able to close a great deal nevertheless."