August 11, 2023
Translink Corporate Finance acted as the exclusive financial advisor to Master English Oy in the asset sale of WordDive, as part of a joint venture controlled by Otavamedia Oy. Master English will join Otavamedia in continuing the growth journey of WordDive. With this transaction and the new ownership by Otavamedia, WordDive is poised to further its growth in Finland.
WordDive, a Finnish EdTech brand, focuses on advanced, fully digital, efficient, and individualised language learning products for foreign language learning and matriculation examination preparatory courses. The business was launched in 2010 with WordDive online courses, and the WordDive mobile app was introduced in 2014. The WordDive app is built on patented technology that enables personalised and efficient learning experiences. WordDive has achieved profitable growth in recent years, with annual revenue exceeding two million euros.
Founded in 1890, Otava is a major Finnish publishing house, and its subsidiary, Otavamedia, is a magazine and digital content publisher. Otavamedia publishes 22 different public magazines and owns more than 15 online media services in Finland. These magazines regularly reach 1.5 million readers, while the online media services reach 2.5 million readers.
Through the joint venture, Otavamedia is committed to driving the growth of WordDive. The new owner will provide WordDive with unique support in marketing, sales, and strong expertise in the Finnish education market.
“Working with Translink was smooth, and the Translink team brought their strong experience and know-how to the transaction process,” said Tiina Marttinen, Business Director of WordDive.
“We were pleased to engage Translink to lead the project. Their professional attitude throughout the process and systematic approach in managing the complexity of the transaction led to a great deal for Master English,” concluded Timo-Pekka Leinonen, Founder of WordDive and Master English.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.