It took global investment firm Marlin Equity Partners quite a few years to establish an office in Europe, which it finally did when it set up shop in London more than three years ago (even though it had been investing in European business since 2006).
Fast forward to yesterday, when the investment company announced the first and final closing of 'Marlin Heritage Europe', a new dedicated fund for Europe with €325 million of total capital commitments. The initial target was €200 million.
The firm says its new fund will continue to focus on industries where Marlin has developed extensive domain expertise, including technology, business services, healthcare, consumer and manufacturing, among others. Peter Spasov, partner of Marlin, said:
“The Heritage Europe Fund offers a compelling opportunity to continue investing across the European middle market, which we believe is underserved by private equity.
There are significant cross-border consolidation and growth opportunities to capture throughout Europe, and our ability to leverage the Marlin platform and operational resources positions us well to identify and build successful global businesses.”
Overall, Marlin has closed six private equity funds since its inception in 2005 and has more than $3 billion of capital under management.