ISIS invests in Communicandum

ISIS Equity Partners plc (ISIS) is pleased to announce the completion of the MBO of Communicandum, the UK's leading translation and telephone interpreting business, for an undisclosed sum. Communicandum is headquartered in London and employs over 50 staff in the UK, translating 100 languages and providing a service that is available 24 hours a day, 7 days a week. Kate Mavor, CEO of Communicandum said: "Communicandum has grown strongly over the past four years so that the company is now the leading provider of language services to the public sector and a dominant player in the private sector. The MBO will enable the management team of the Company to take Communicandum to the next stage in its growth." Shani Zindel, Director, New Investments, at ISIS Equity Partners, led the transaction together with Daniel Smith and said: "Communicandum represents an efficient solution to the problem of resourcing in many languages for the public and private sector. The Company has a strong track record and we look forward to working with Management to deliver the next stage of growth." Kevin Whittle, Portfolio Director in ISIS Equity Partners' Portfolio Management team, and Shani Zindel have been appointed to the Board of Communicandum on behalf of ISIS.

Published: 03 September, 2003