Selling your company
Selling a company? We assist you throughout the entire sales processRead more
Match Plan is proud of successfully guiding entrepreneur Julian Wagenhuis (28 years old) in selling his 100% shareholding in Translation Kings to Paul Kranendonk and Lucas Covers. Match Plan assisted and advised Julian Wagenhuis throughout the entire sales process. Within 8 months we completed this sales process to the full satisfaction of our client.
Translation Kings was founded in 2007 by Julian Wagenhuis. This translation agency has now grown into a certified agency with more than 15,000 customers. With its 1,100 translators, Translation Kings is able to translate a wide range of content into 150 different languages. With its tailor-made, fully cloud-based system, Translation Kings is able to provide its services to a wide range of clients. The main clients of Translation Kings are SME entrepreneurs, multinationals, foundations, but also the government and private individuals belong to its client base. Customer acquisition only takes place online.
The goal of Translation Kings: Professional translations into all languages at very competitive prices, coupled with a fast delivery.
We started the sales process by writing an information memorandum and drawing up long lists of strategic and financial parties. After the market launch we spoke with 15 parties, 7 of which made a serious offer. Ultimately, after several rounds of negotiations, we signed a letter of intent with TSM Partners. Match Plan then supervised the process of the due diligence and provided the contract documentation with its “own” lawyer.
At the end of the day, closing a deal is a very emotional turn of events. However much you want to be objectively, reality will show that this is not possible. In my case, this worked out well in close consultation with Hans van de Pas. I cannot be grateful enough to Match Plan for the deal’s end result. As an entrepreneur you think you have knowledge in a lot in different areas of expertise. During the sale of my company, hundreds of questions came up that were not easy to solve. During the entire advisory process, everything was discussed and everything was resolved.
Once you have reached a deal, you have to fine-tune everything legally. Something you really don’t want to be involved with, but is part of it. This is quite an intensive process due to previous negotiations and discussions. Fortunately, Match Plan has an in-house specialized lawyer. He has done his job very well and has brought very good conditions to my advantage.