Investment Summary

Marlin Equity Partners Invests In OpenAsset

On January 25, 2023, private equity firm Marlin Equity Partners invested in software company OpenAsset

Investment Highlights
  • This is Marlin Equity Partners’ 33rd transaction in the Software sector.
  • This is Marlin Equity Partners’ 79th transaction in the United States.
  • This is Marlin Equity Partners’ 5th transaction in New York.

Investment Summary
Date 2023-01-25
Target OpenAsset
Sector Software
Investor(s) Marlin Equity Partners
Deal Type Growth Capital
Advisor(s) KeyBanc Capital Markets (Financial)

Target

OpenAsset

New York, New York, United States
OpenAsset is a provider of Digital Asset Management (“DAM”) to the Architecture, Engineering and Construction (“AEC”) industry. Purpose built, AI-enhanced search tools enable OpenAsset users to organize assets by projects and employees. Users can create highly flexible and automated marketing collateral, such as custom image and document templates, project and building spotlights, and more. Industry specific integrations with technology providers in the AEC industry improve marketing efficiency and help customers win new business. OpenAsset was founded in 2002 and is based in New York, New York.

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Investor(S) 1

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 108 of 116
Sector (Software) 33 of 33
Type (Growth Capital) 20 of 22
State (New York) 5 of 6
Country (United States) 79 of 83
Year (2023) 2 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 Tennaxia

Changé, France

Tennaxia is a publisher of SaaS solutions to help listed companies and SMEs/mid-market companies in France with their CSR strategies. The company's mission is to help clients managing their CSR performance (Corporate Social Responsibility), facilitating their HSE governance EHS governance (Environment, Health, and Safety), reducing EHS risks and costs, complying with their main regulatory obligations, and anticipate stakeholder expectations. Tennaxia was founded in 2001 and is based in Changé, France.

Buy -
Mergr

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