LOS ANGELES, November 29, 2007 – Marlin Management Company, LLC, (“Marlin”) is pleased to announce the first and final closing of Marlin Equity II, L.P. (“Fund II”), a $300 million institutional private equity fund established to seek significant capital appreciation through control investments in businesses undergoing varying degrees of operational, financial or market driven change (“Special Situations”). Marlin targets Special Situations across a variety of industries, with a particular focus on technology, consumer, and healthcare businesses.
This is the second private equity fund raised by Marlin since its inception in 2005. Fund II investors include a select group of endowments and foundations, public and private sector pension funds, family offices, financial institutions, and insurance companies. Fund II was three times oversubscribed to its original $250 million target and closed less than three months after its September 2007 launch.
David McGovern, Managing Partner of Marlin said, “I am extremely grateful for the strong support we received from such a prominent group of returning and new institutional limited partners. We are very excited about our team and strategy, and look forward to continuing to achieve above market returns for our investors.”
In addition to Mr. McGovern, the Fund’s investment team includes Nicholas Kaiser, George Kase, Andrés Martinez, P.J. Nachman, and Peter Spasov. Marlin has also assembled a team of seasoned operating professionals, with established track records of value creation, who work exclusively with Marlin’s investment professionals throughout the investment process.
Robert M. Hofeditz of Probitas Partners, which acted as placement agent for Fund II, added, “Dave has built an outstanding team and franchise in a short period of time and has quickly established Marlin as a leader in its space.”
Bruce Ettelson and Karin Orsic of Kirkland & Ellis LLP served as legal counsel in the formation of the Fund.
About Marlin Equity Partners
Marlin is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin invests in businesses across multiple industries that are undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources will significantly strengthen a company’s outlook and enhance value. Since October 2005, Marlin has successfully completed the acquisitions of Intuitive Manufacturing Systems, Relevant Business Systems, SupplyWorks, XKO Software, CMS Software, Aldon Computer Group, Ultra*Pro, Ronco, Hanover Accessories, and Stravina. For more information, please visit www.marlinequity.com.
About Probitas Partners
Probitas Partners is a leading independent knowledge, innovation and solutions provider to private markets clients. Probitas Partners has three integrated global practices that include fund placement, liquidity management, and portfolio management. For more detail on alternative investment products and liquidity options, and to view Probitas Partners’ proprietary industry white papers and research, please visit www.probitaspartners.com. Probitas Partners is represented in the United Kingdom by PFG-UK Ltd., which is regulated by the Financial Securities Authority (“FSA”).
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.