Findos sells Abit to Marlin

Main Capital will also divest its stake in the business, which it acquired through portfolio company Eurosystems, which was acquired by Abit in July 2016. Findos was the majority shareholder in Abit prior to the sale to Marlin, according to a source close to the situation.

The company generates €6-8m in EBITDA, but was being marketed at €10m EBITDA according to unquote" sister publication Mergermarket.

Previous funding
Findos acquired Abit in 2010 from the GFKL group.

Company
Abit is a German software and consulting firm specialising in credit, debtor and debt management, servicing 700 customers in various industries. The company is based in Meerbusch, has 200 employees and was founded in 1986.

People
Marlin Private Equity – Peter Spasov (partner).
Abit – Christian van Laak, Erik Koch (managing directors).

Advisers
Equity – KPMG (financial due diligence); Linklaters (legal).
Vendor – GCA Altium (M&A); Ebner Stolz (financial due diligence); EY (financial due diligence); Orrick (legal).

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