M&A Deal Summary

Marlin Equity Partners Acquires Exegy

On May 20, 2021, private equity firm Marlin Equity Partners acquired information technology company Exegy from NewSpring Capital

Acquisition Highlights
  • This is Marlin Equity Partners’ 19th transaction in the Information Technology sector.
  • This is Marlin Equity Partners’ 73rd transaction in the United States.
  • This is Marlin Equity Partners’ 1st transaction in Missouri.

M&A Deal Summary
Date 2021-05-20
Target Exegy
Sector Information Technology
Buyer(s) Marlin Equity Partners
Sellers(s) NewSpring Capital
Deal Type Secondary Buyout
Advisor(s) Financial Technology Partners (Financial)
Amundsen Davis (Legal)

Target

Exegy

St. Louis, Missouri, United States
Exegy provides global market data solutions, predictive trading signals, and hardware trading platforms to elite firms in the financial services industry. Today, Exegy serves as a strategic partner to leading principal traders, agency brokers, exchanges, Alternative Trading System (ATS) and dark pool operators, market makers, hedge funds, and asset managers. Exegy was founded in 2003 and is based in St. Louis, Missouri.

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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 94 of 116
Sector (Information Technology) 19 of 23
Type (Secondary Buyout) 16 of 22
State (Missouri) 1 of 1
Country (United States) 73 of 83
Year (2021) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 ABBYY

Austin, Texas, United States

ABBYY is a provider of document capture, analytics, and intelligence technology solutions. Trusted globally by 5,000+ enterprises across multiple end markets, such as financial services, insurance, healthcare, logistics, and public sector entities in government and education. ABBYY was founded in 1989 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 iBanFirst

Brussels, Belgium

iBanFirst is a cloud-based, financial services provider delivering solutions across banking borders. iBanFirst was founded in 2013 and is based in Brussels, Belgium.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 70 of 85
Sector (Information Technology) 12 of 16
Type (Secondary Buyout) 16 of 20
State (Missouri) 1 of 2
Country (United States) 69 of 84
Year (2021) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 South Moon Under

Annapolis, Maryland, United States

South Moon Under is a provider of an eclectic mix of men's and women's clothing, swimwear, accessories, jewelry, and gifts for the home. South Moon Under was founded in 1968 and is based in Annapolis, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Invoca

Santa Barbara, California, United States

Invoca is an active conversation Intelligence platform enables marketing, sales, customer experience, and eCommerce teams to understand and immediately act on the information consumers share via conversations. Invoca was founded in 2008 and is based in Santa Barbara, California.

Buy -
Mergr

Product

Company

Legal