Marlin and Francisco to merge Unifaun and Consignor

The GPs will be equal shareholders in the combined business and own a majority stake in the company.

The merger will create a global provider of cloud-based transport administration systems (TAS). The GPs will support both organic growth and acquisitions in a highly fragmented market.

Marlin in August last year acquired Unifaun from Vitruvian Partners. The company was reportedly marketed based on EBITDA of around €15m and was at that time valued at around €200m. At around the same time, Francisco Partners paid €140m for a majority stake in Consignor, with the CEO retaining a 30% stake.

Company
Founded in 1997 and headquartered in Oslo, Consignor is a software company focused on delivery management for e-commerce and industrial companies. In 2018, it generated revenues of around €20m. It employs more than 170 staff. 

Founded in 2000 and headquartered in Stockholm, Unifaun is a provider of cloud transportation connectivity services to carriers, shippers and parcel recipients in the transport industry. Unifaun has approximately 200 employees in Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany and Poland.

Advisers
Equity – Arma Capital Partners (financial due diligence).

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