Investment Summary

Luminate Capital Partners and Marlin Equity Partners Invest In StarCompliance

On July 27, 2017, private equity firms Luminate Capital Partners and Marlin Equity Partners invested in software company StarCompliance

Investment Highlights
  • This is Luminate Capital Partners’ 3rd and Marlin Equity Partners’ 23rd transaction in the Software sector.
  • This is Luminate Capital Partners’ 5th and Marlin Equity Partners’ 49th transaction in the United States.
  • This is Luminate Capital Partners’ 1st and Marlin Equity Partners’ 2nd transaction in Maryland.

Investment Summary

Date 2017-07-27
Target StarCompliance
Sector Software
Investor(s) Luminate Capital Partners
Marlin Equity Partners
Deal Type Growth Capital
Advisor(s) Robert W. Baird & Co., Inc.
Evercore Group (Financial)
DLA Piper
Paley Rothman
Kirkland & Ellis (Legal)

Target

StarCompliance

Rockville, Maryland, United States
StarCompliance is a provider of enterprise compliance and regulatory software solutions for the financial services industry. StarCompliance was founded in 1999 and is based in Rockville, Maryland.

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Investor(S) 2

Investor
DESCRIPTION

Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco.


DEAL STATS #
Overall 5 of 17
Sector (Software) 3 of 5
Type (Growth Capital) 4 of 10
State (Maryland) 1 of 1
Country (United States) 5 of 14
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Comply365

Beloit, Wisconsin, United States

Comply365 is a provider of mobile-first, enterprise content management solutions to the aviation industry. Comply365’s solutions enable airline employees to access mobile manuals, complete checklists, review digital flight plans, complete training, and stay in compliance in a highly-regulated environment in real-time on any device. Comply365 was founded in 2007 and is based in Beloit, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 AMTdirect

Cornelius, North Carolina, United States

AMTdirect LLC is a provider of lease accounting, lease administration, and facilities management solutions for corporate occupiers and lessees. AMTdirect was founded in 1996 and is based in Cornelius, North Carolina.

Buy -
Investor

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B 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 STATS #
Overall 61 of 116
Sector (Software) 23 of 33
Type (Growth Capital) 4 of 22
State (Maryland) 2 of 2
Country (United States) 49 of 83
Year (2017) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Collenda

Meerbusch, Germany

Collenda is a provider of claims and credit management, and risk and impairment software and services. Collenda is based in Meerbusch, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Duncan Solutions

Milwaukee, Wisconsin, United States

Duncan Solutions, Inc. is a full-service parking management company and a provider of parking and transportation management services to municipal and commercial clients, including enforcement solutions, citation processing, customer service, debt collections, tolling solutions, and integrated on-street parking management services. Duncan Solutions, Inc. was established in 1936 and is based in Milwaukee, Wisconsin.

Sell $80M