Marlin Equity Partners Closes $300 Million Marlin Equity II, L.P.
LOS ANGELES--(Business Wire)--Marlin Management Company, LLC, ("Marlin") is pleased to announcethe first and final closing of Marlin Equity II, L.P. ("Fund II"), a$300 million institutional private equity fund established to seeksignificant capital appreciation through control investments inbusinesses undergoing varying degrees of operational, financial ormarket driven change ("Special Situations"). Marlin targets SpecialSituations across a variety of industries, with a particular focus ontechnology, consumer, and healthcare businesses. This is the second private equity fund raised by Marlin since itsinception in 2005. Fund II investors include a select group ofendowments and foundations, public and private sector pension funds,family offices, financial institutions, and insurance companies. FundII was three times oversubscribed to its original $250 million targetand closed less than three months after its September 2007 launch. David McGovern, Managing Partner of Marlin said, "I am extremelygrateful for the strong support we received from such a prominentgroup of returning and new institutional limited partners. We are veryexcited about our team and strategy, and look forward to continuing toachieve above market returns for our investors." In addition to Mr. McGovern, the Fund's investment team includesNicholas Kaiser, George Kase, Andres Martinez, P.J. Nachman, and PeterSpasov. Marlin has also assembled a team of seasoned operatingprofessionals, with established track records of value creation, whowork exclusively with Marlin's investment professionals throughout theinvestment process. Robert M. Hofeditz of Probitas Partners, which acted as placementagent for Fund II, added, "Dave has built an outstanding team andfranchise in a short period of time and has quickly established Marlinas a leader in its space." Bruce Ettelson and Karin Orsic of Kirkland & Ellis LLP served aslegal counsel in the formation of the Fund. About Marlin Equity Partners Marlin is a Los Angeles, California-based private investment firmfocused on providing corporate parents, shareholders and otherstakeholders with tailored solutions that meet their business andliquidity needs in special situations. Marlin invests in businessesacross multiple industries that are undergoing varying degrees ofoperational, financial or market-driven change where its capital base,industry relationships and extensive network of operational resourceswill significantly strengthen a company's outlook and enhance value.Since October 2005, Marlin has successfully completed the acquisitionsof Intuitive Manufacturing Systems, Relevant Business Systems,SupplyWorks, XKO Software, CMS Software, Aldon Computer Group,Ultra*Pro, Ronco, Hanover Accessories, and Stravina. For moreinformation, please visit www.marlinequity.com. About Probitas Partners Probitas Partners is a leading independent knowledge, innovationand solutions provider to private markets clients. Probitas Partnershas three integrated global practices that include fund placement,liquidity management, and portfolio management. For more detail onalternative investment products and liquidity options, and to viewProbitas Partners' proprietary industry white papers and research,please visit www.probitaspartners.com. Probitas Partners isrepresented in the United Kingdom by PFG-UK Ltd., which is regulatedby the Financial Securities Authority ("FSA").Marlin Management Company, LLCPeter B. Spasov, 310-364-0100 ext. 106pspasov@marlinequity.comCopyright Business Wire 2007
