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Andrew Brode's dealmaking at RWS and Learning Technologies has vaulted the companies to become stars of London’s AIM exchange and built his $1 billion fortune.Andrew Brode has shunned the limelight while expanding his empire through acquisitions at translations firm RWS and workplace training company Learning Technologies Group.
Brode’s nearly 16% stake in Learning Technologies is worth $336 million and his 23% slice of RWS is worth $735 million. Brode, 81, who boasts of never having sold a share in either company, has seen the stock market value of RWS leap from $71 million when it listed via a reverse merger on the AIM exchange in 2003 to $3.18 billion today. “I’m known in the City for the fact that I have never sold a single share,” says Brode.
An opportunity to buy U.K. patent filing and translation agency RWS emerged in 1995 out of Brode’s own language skills. Brode—who learned German from his parents, who fled Nazi Germany as refugees—had been headhunted by private equity firm 3i to work as a nonexecutive director of a Munich-based portfolio company. The London-based investors turned to Brode when 3i was approached to acquire Buckinghamshire-based RWS.
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