M&A Deal Summary

Triple Private Equity Acquires SmartSearch

On March 22, 2024, private equity firm Triple Private Equity acquired software company SmartSearch from Marlin Equity Partners

Acquisition Highlights
  • This is Triple Private Equity’s 1st transaction in the Software sector.
  • This is Triple Private Equity’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-03-22
Target SmartSearch
Sector Software
Buyer(s) Triple Private Equity
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

DESCRIPTION

Triple Private Equity is a specialist private equity firm focused on investing in small to mid-cap software and data businesses within the finance, risk, and compliance infrastructure sectors. The Firm will consider businesses throughout the UK and Western Europe. Triple Private Equity was founded in 2023 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

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 60 of 65
Sector: Software M&A 24 of 25
Type: Secondary Buyout M&A Deals 11 of 12
Country: United Kingdom M&A 5 of 5
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Skuid

Chattanooga, Tennessee, United States

Skuid is a no-code, design-first, extensible cloud application development platform for rapidly creating and optimizing enterprise applications. Skuid's simple-to-use and robust front-end design-and-deploy cloud platform allows customers to connect to disparate data sources, assemble highly complex, made-to-order applications, and instantly make changes all without writing code. Skuid was founded in 2013 and is based in Chattanooga, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 TIS

Berlin, Germany

TIS offers a SaaS platform that helps corporations manage payments and cash flows. Finance and treasury teams use this platform to improve cash visibility, compliance, and bank connectivity. TIS is based in Berlin, Germany.

Buy -