LONDON, April 3, 2023 – Mayfair Equity Partners (“Mayfair”), a dedicated consumer and technology investor with £1.8 billion in assets under management, is pleased to announce that it has signed an agreement to acquire a majority stake in Jonckers (“the Company”), a leading global tech-enabled language services provider (“LSP”).
Founded in 1994, Jonckers is a leading LSP that employs over 150 people across the UK, US, EU, and Asia and has a longstanding, global blue chip client base including Microsoft, Adobe, and Amazon. The Company is led by Silke Zschweigert (CEO) and Dominic Kinnon (COO), who joined in 2019 and have over four decades of language services industry experience between them. Under their leadership, Jonckers has delivered substantial top and bottom-line growth, providing translation services across Europe and Asia, while rapidly expanding in its largest market, North America.
Jonckers’ growth has been driven by its proprietary technology platform WordsOnline, which utilises AI-powered processes to translate content five times faster and at half the cost of traditional translation services. WordsOnline is disrupting the LSP market and is part of a broader trend where the adoption of AI and an increasing demand for localised content are creating favourable sector tailwinds. Current estimates are that the LSP industry is growing at 6% per annum and is expected to reach a value of c. $80 billion by 2025.
Working in close partnership, Jonckers and Mayfair will focus on a number of value accretive growth opportunities including investment in product and technology innovation, driving commercial and customer success, and growing Jonckers’ international presence. Mayfair and Jonckers also see an opportunity for the Company to become a consolidator in the industry and are seeking exciting bolt-on acquisitions to diversify Jonckers’ service offering and market reach.
Jonckers was established in 1994 as a privately owned language services provider. In 2015 the company developed a cloud-based AI platform called WordsOnline, created to reduce cost and translate big volumes, within a small timeframe. Jonckers has a curated, trained and managed multilingual community that can scale in size, domain knowledge and skills. It deploys these resources to support companies that are going global or require multilingual expertise in developing AI solutions or data processing and analytics.
Mayfair Equity Partners is a dedicated technology and consumer investor, with assets under management of over £1.8 billion. Mayfair’s investment philosophy centres on backing people and their ideas, working in Active Partnership with founders and management teams to help them realise their ambitions. Mayfair’s model of Active Partnership includes a senior team of dedicated functional Specialists who support portfolio companies with business process improvement initiatives that help unlock their full potential.
Mayfair has an established track record in supporting fast-growing and sector-defining companies, including LoopMe, a leading brand-focused mobile advertising platform, Snowfox Group, a leading international, multi-channel Japanese food business, and Tangle Teezer, the category defining British haircare brand. For more information, please visit www.mayfairequity.com.
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