M&A Deal Summary

Marlin Equity Partners Acquires Altvia

On July 26, 2022, private equity firm Marlin Equity Partners acquired software company Altvia from Bow River Capital

Acquisition Highlights
  • This is Marlin Equity Partners’ 32nd transaction in the Software sector.
  • This is Marlin Equity Partners’ 78th transaction in the United States.
  • This is Marlin Equity Partners’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2022-07-26
Target Altvia
Sector Software
Buyer(s) Marlin Equity Partners
Sellers(s) Bow River Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Holland & Hart (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 106 of 116
Sector (Software) 32 of 33
Type (Secondary Buyout) 18 of 22
State (Colorado) 2 of 2
Country (United States) 78 of 83
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Qodea

Manchester, United Kingdom

Qodea is a cloud transformation and infrastructure specialist. Qodea works with organizations to modernize their technology stack, providing consultancy, implementation, billing and managed services for both Google Cloud Platform and Workspace. Qodea was founded in 2008 and is based in Manchester, United Kingdom.

Buy -

Seller(S) 1

SELLER

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.

DEAL STATS #
Overall 20 of 22
Sector (Software) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Colorado) 7 of 9
Country (United States) 17 of 19
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 One10

Plano, Texas, United States

One10 is a provider of incentives and recognition, travel and events, and marketing services. The company offers both Enterprise and SMB clients solutions to enable and engage their employees, salespeople and channel partners. One10’s global rewards, prepaid solutions and SaaS products help organizations improve engagement and improve results for some of the world’s most admired brands. One10 was founded in 2017 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 HRSoft

Blue Bell, Pennsylvania, United States

HRSoft's SaaS platform is a low-code platform that empowers enterprises to take control of employee compensation, rewards, and performance management. HRSoft was founded in 2012 and is based in Blue Bell, Pennsylvania.

Buy -
Mergr

Product

Company

Legal