LOS ANGELES and LONDON, September 1, 2021 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a majority investment in Rydoo, a leading global SaaS solution for managing expense reports and business travel. The company’s software platform offers end users and finance departments the ability to efficiently manage travel and expenses in one single tool, while delivering significant ease-of-use and transparency to customers. Both the Sodexo Group and the current management team will invest into a minority position in the company.
“Rydoo’s mission is to offer businesses the most user-friendly travel and expense solution, while maximizing simplicity, reliability and transparency in the travel and expense management process,” said Sebastien Marchon, CEO of Rydoo. “With a strong history of supporting and transforming software businesses, Marlin is the optimal partner to support our strategic goals, and we are excited to leverage their deep domain expertise in expense management software to further grow our customer base.”
“We admire Rydoo’s strategic and innovative product offering, which solves for traditionally poor user experience in the B2B travel and expense market and delivers significant benefits to its customers,” said Jeremy Nakache, a principal at Marlin. “We believe in the capability and vision of Rydoo’s management team, who has driven strong momentum and resilience through the global pandemic. Marlin and Rydoo’s shared collaborative and high energy culture will ensure our partnership is both financially and operationally successful.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.6 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 185 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.
About Rydoo
Rydoo is a leading provider of a SaaS solution for expense and business travel management that reinvents and simplifies business travel and expense management for high-growth companies. Rydoo has been recognized as one of the top two travel and expense management software providers for enterprises by G2 Crowd, the world’s leading business solution review platform. Rydoo services approximately 10,000 customers and over one million users in over 150 countries. For more information, please visit www.rydoo.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.