23 Jul 2018

Investec advises SDL on £36.2m equity placing to support the $77.5m acquisition

Investec is pleased to announce that it has help to support the funding of SDL’s $77.5m acquisition of Donnelley Language Solutions through an equity placing. To part fund the transaction, SDL placed 8,234,400 new shares by means of an accelerated bookbuild to raise £36.2m. Investec acted as joint broker and bookrunner.

The Bank has a long-standing relationship with SDL, a multinational software and professional services company, dating back to 2004 when Investec was appointed as the company’s corporate broker. The acquisition forms part of SDL’s strategy to build its foundation of content creation, translation and delivery by expanding market share in key verticals.

A total of 8,234,400 new shares, corresponding to approximately 10% of SDL’s current share capital, were placed in the bookbuild at a price of 440p, representing a discount of only 0.8% the previous closing price.

Adolfo Hernandez, CEO of SDL said:


“We were delighted with the outcome of the placing and the high-quality demand that Investec helped to generate. Investec has been one of our house brokers for more than a decade, so were able to guide us through the process seamlessly. We look forward to working with them through the next phase of our growth.”


The deal is the latest in a string of high-profile M&A and ECM transactions that Investec has advised on this year. Deals include Melrose’s £8.1bn takeover of GKN, GVC’s £4bn takeover of Ladbrokes Coral Group, Cineworld’s £4.2bn acquisition of Regal Entertainment and a €340m acquisition by Dechra.


About SDL

SDL (LSE:SDL) is the global innovator in language translation technology, services and content management. For over 25 years we’ve helped companies deliver transformative business results by enabling powerful, nuanced digital experiences with customers around the world. Are you in the know? Find out why 79 out of the top 100 global brands work with us at SDL.com and follow us on Twitter, LinkedIn and Facebook.