Marlin Equity Partners has acquired International Business Systems AB (IBS), a portfolio company of Symphony Technology Group since 2011 when Symphony took the company private.
IBS is a provider of distribution resource management software used in the wholesale, distribution and manufacturer/distributor markets. IBS’ products include an Enterprise Resource Planning and Supply Chain Management software suite, a warehouse management application, and a recently introduced sales and operations planning solution. IBS was founded in 1978 by Staffan Ahlberg and Gunnar Rylander and is headquartered in Stockholm, Sweden (www.ibs.net/en).
Investment bank Mooreland Partners was the exclusive financial advisor to IBS. “The partnership with Marlin will allow IBS management to build on the company’s strong existing customer base worldwide, and drive growth from new product introductions,” said Patrick Seely, Managing Director at Mooreland Partners. Mooreland has offices in Silicon Valley, Greenwich, CT, and London (www.moorelandpartners.com).
Symphony Technology Group invests in software and services companies. The firm was founded in 2002 and is based in Palo Alto, CA (www.symphonytg.com).
Marlin Equity Partners invests in businesses that have revenues of $20 million to $1 billion and that are in the process of undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include technology, healthcare, consumer products and services, business services, manufacturing, aerospace & defense, distribution & logistics, and media. The firm has $3 billion of capital under management and is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-30-15
