Marlin Equity Partners to acquire majority stake in Coyo

The filing is dated 9 November 2020.

According to the filing, the US-headquartered GP is investing via Marlin Heritage Europe II, which held a final close in March 2017 on $750m. Marlin generally invests in businesses with revenues of $10m-2bn that operate in an industry in which there are opportunities for consolidation.

The GP's previous investments in the DACH region include Germany-based credit and debt management software Abit, in which it acquired a majority stake in 2017 via its first Heritage Europe Fund.

Marlin Equity Partners could not be reached for comment at the time of publication.

Company
Founded in 2010 and originally known as Mindsmash, Coyo provides intranet software for businesses that is intended to facilitate employee communication and engagement. According to its website, its clients include Ritter Sport, DB Schenker and Eon. Coyo is based in Hamburg and has additional offices in Amsterdam and Berlin, with more than 100 employees.

People
Marlin Equity Partners – Peter Spasov (partner).
Coyo – Jan Marquardt (CEO), Daniel Busch (CRO), Stefan Schnock (CFO).

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