M&A Deal Summary

Marlin Equity Partners Acquires Fourth

On July 10, 2019, private equity firm Marlin Equity Partners acquired internet software and services company Fourth from Insight Partners

Acquisition Highlights
  • This is Marlin Equity Partners’ 21st transaction in the Internet Software and Services sector.
  • This is Marlin Equity Partners’ 64th transaction in the United States.
  • This is Marlin Equity Partners’ 9th transaction in Texas.

M&A Deal Summary

Date 2019-07-10
Target Fourth
Sector Internet Software and Services
Buyer(s) Marlin Equity Partners
Sellers(s) Insight Partners
Deal Type Secondary Buyout

Target

Fourth

Austin, Texas, United States
Fourth is a cloud-based (SaaS) provider of hospitaliy management systems. Fourth was founded in 1999 and is based in Austin, Texas.

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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 79 of 118
Sector: Internet Software and Services M&A 21 of 40
Type: Secondary Buyout M&A Deals 12 of 22
State: Texas M&A 9 of 13
Country: United States M&A 64 of 83
Year: 2019 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 QualiTest

London, United Kingdom

QualiTest is a global provider of quality assurance and software testing services. Qualitest specializes in AI-powered Digital Assurance, Automation, Performance Engineering, Cyber Security Testing, Accessibility Testing, Blockchain IOT and Drone Technology Assurance. QualiTest offers a wide variety of QA and testing services such as: Test Process Improvement, Test Automation, Performance testing, Onshore testing outsourcing, flexible testing staffing, Exploratory Testing, Scrum Testing and testing tools. QualiTest was founded in 1997 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 SmartSearch

Leeds, United Kingdom

SmartSearch is a provider of a regulatory compliance software platform that enables customers to adhere to the latest anti-money laundering (AML), customer due diligence and know your customer (KYC) obligations. SmartSearch was founded in 2011 and is based in Leeds, United Kingdom.

Buy -

Seller(S) 1

SELLER

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 22 of 48
Sector: Internet Software and Services M&A 7 of 14
Type: Secondary Buyout M&A Deals 8 of 18
State: Texas M&A 4 of 5
Country: United States M&A 22 of 41
Year: 2019 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Prevalent

Phoenix, Arizona, United States

Prevalent provides software and services to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. Prevalent was founded in 2004 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 commercetools

Munich, Germany

commercetools is a software technology company that offers a true cloud commerce platform, providing building blocks for the new digital commerce age. commercetools API approach helps retailers create brand value by empowering commerce teams to design unique and engaging digital commerce experiences everywhere – today and in the future. commercetools was founded in 2006 and is based in Munich, Germany.

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