Mayfair to take majority stake in Jonckers

• Mayfair’s partnership will support the rollout of Jonckers’ AI platform WordsOnline
• Mayfair is a technology and consumer investor based in London
• The firm manages assets of over £1.8bn

Mayfair Equity Partners has signed an agreement to acquire a majority stake in Jonckers, a global tech-enabled language services provider (LSP). No financial details of the transaction were disclosed.

Jonckers is headquartered in Brussels, Belgium.

Mayfair will partner with management to accelerate growth, including the roll-out of Jonckers’ WordsOnline platform, bolt-on M&A, investment in technology, and market reach, according to a release.

“The language services industry is a highly fragmented and often analogue sector,” said Waqqas Ahmed, partner at Mayfair Equity Partners. “Jonckers is a digital champion, delivering rapid growth underpinned by increasing demand for hyper-localised content.”

WordsOnline is Jonckers’ cloud-based AI platform for continuous localisation.

Mayfair Equity Partners is a technology and consumer investor that manages assets of over £1.8 billion ($2.2 billion; €2.05 billion). The firm is based in London.