Secondary Buyout • Internet Software and Services

Advent International Acquires Medius

On March 16, 2022, private equity firm Advent International acquired internet software and services company Medius from Marlin Equity Partners

Acquisition Context
  • This is Advent International’s 11th transaction in the Internet Software and Services sector.
  • This is Advent International’s 2nd transaction in Sweden.

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M&A Deal Summary

Date March 16, 2022
Target Medius
Sector Internet Software and Services
Buyer(s) Advent International
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout

Target Company

Medius

Linkoping, Sweden
Medius is a provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spending. Medius was founded in 2001 and is based in Linkoping, Sweden.
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Buyer Overview 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 315 of 353
Sector: Internet Software and Services 11 of 14
Type: Secondary Buyout 51 of 58
Country: Sweden 2 of 2
Year: 2022 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-06 Hoist Group

Stockholm, Sweden

Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative property management & booking software, managed IP networks, internet and TV as well as from many other digital touchpoints. Hoist Group was formed in 1994 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Mangopay

Luxembourg, Luxembourg

Mangopay provides end-to-end payments solutions to marketplaces and platforms leveraging a differentiated e-wallet environment. Mangopay was founded in 2013 and is based in Luxembourg, Luxembourg.

Buy -

Seller Profile 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


Deal Context for Seller #
Overall 53 of 65
Sector: Internet Software and Services 12 of 16
Type: Secondary Buyout 9 of 12
Country: Sweden 3 of 3
Year: 2022 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Marcura

Dubai, United Arab Emirates

Marcura provides digital workflow solutions to the maritime industry, backed by constant operational support services and specialized cloud-based platforms managed by industry specialists. The various segments of the business include DA-Desk, PortLog, MarTrust, ShipServ, MCaaS and ClaimsHub. Marcura was founded in 2001 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Altvia

Broomfield, Colorado, United States

Altvia is a provider of CRM and investor & deal management systems specifically built for Private Capital Market firms. It has hundreds of world-class clients and supports over 40,000 LP investors. The company’s mobile-optimized platform (AIM, ShareSecure, Correspond, and Answers) is transforming the way GP’s deliver continuous value, real-time decision support, and secure communications to their valued constituents. Altvia was formed in 2006 and is based in Broomfield, Colorado.

Buy -