Transaction Type: Acquisition
Acquirer: Amplexor
Headquarters: Newton, MA
Sector: Healthcare & Life Sciences
Client Summary
ForeignExchange Translations, a leader in medical translations since 1998, provides translation services exclusively to the pharmaceutical and medical device industries. The company’s in-depth knowledge of the drug and devices product life cycle makes them uniquely qualified to support the translation needs of life science companies. FXT’s top customers are consistently comprised of many of the largest medical device and pharmaceutical companies in the world with an average tenure of over five years. The Company has experienced double-digit annual revenue growth over the last five years.
Client Objective
- Position FXT as a growth opportunity for strategic acquirers looking to enhance its presences in the medical device sector
- Identifying, on a global basis, key strategic buyers in creating a highly competitive process
- Broad marketing outreach to strategic buyers in multiple sectors including: translation and contract research organizations (CRO)
- Receiving multiple bids from qualified and motivated strategic buyers
- Coordinating due diligence, contract negotiations and finalizing a close
Consilium’s Solutions
- Highlighting FXT’s specialization and dedicated focus on serving the needs of the medical device manufacturers
- Top customers comprised of many of the largest device and pharmaceutical companies in the world
- FXT offers an acquirer a unique opportunity in becoming a market leading translation firm in the medical device industry
Outcomes
- Through a highly competitive process, FXT was acquired by Amplexor, a Luxembourg based global translation firm
- The principals achieved total liquidity