Hogan Lovells London-based corporate team has advised Barclays and Numis Securities on their placing of £185 million of new equity in AIM-listed RWS Holdings plc (RWS) to institutional investors.

The Hogan Lovells team advising was led by London corporate partner Daniel Simons with assistance from partner John Basnage, and associate Elly Dennis.

The funds will be used by RWS, together with a new debt facility and existing cash balances, to acquire the entire issued share capital of Moravia for US$320 million.

RWS is a leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), a market leader in Life Sciences translations and linguistic validation as well as a high level specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base from Europe, North America and Asia.

Moravia is a leading provider of technology-enabled localisation services, headquartered in Brno in the Czech Republic with operations in the USA, Japan, China, Argentina, Hungary and Ireland.  Its longstanding clients include some of the largest technology companies in the world.  Employing over 1200 people globally, Moravia operates across a range of industries including IT, pharmaceuticals, retail and travel.