White & Case has advised Memsource and majority shareholder The Carlyle Group on the acquisition of a majority stake in Phrase, a German software localization platform.
Memsource is an AI-powered translation management system headquartered in the Czech Republic. According to White & Case, “Phrase management, including Founders Wolfram Gratz, Frederik Vollert, and Tobias Schwab, remain shareholders in the business following the acquisition.”
White & Case’s team included London-based Partners Kenneth Barry and Will Smith and Associates Will Summers and Lowrie Robertson, Frankfurt-based Partner Bodo Bender and Associates Agmal Bahrami and Thies Schmitte, and Hamburg-based Associate Kristin Brueggert.
The firm did not identify counsel for the sellers.