Marlin acquires International Business Systems
Los Angeles-based GP Marlin Equity Partners has acquired Swedish business planning and management systems provider International Business Systems (IBS) in a secondary buyout.
The deal saw Marlin take over Symphony Technology Group's 94.9% stake in IBS four years after the GP took IBS private.
Marlin will look to support the company's current growth rate, as well as develop new markets for the company, through organic growth and acquisitions.
Previous funding
International Business Systems first came under private equity ownership in 2011, when Palo Alto-based firm Symphony Technology Group acquired the business in a take-private transaction.
Company
International Business Systems is a provider of enterprise resource planning and supply chain management software to the distribution industry.
Headquartered in Stockholm, IBS was founded in 1978. The company claims it has customers in 40 countries.
People
Shawn McMorran is a partner at the London office of Marlin Equity Partners. Doug Braun is the CEO of International Business Systems.
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