Marlin completes the acquisition of Bluegarden

LOS ANGELES and LONDON, September 10, 2015 Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Bluegarden Holding A/S (“Bluegarden”), a leading provider of payroll and HR administration software solutions to SME, medium size and large enterprises across the Scandinavian region. Bluegarden provides user-friendly, cloud-based software platforms for payroll and human resource administration, workforce management and business process outsourcing that are tailored to each of its target geographical markets and customer segments. Based in Ballerup, Denmark, with 11 offices throughout Denmark, Sweden and Norway, the company serves approximately 65,000 customers and handles over 20 million payslips per year, which represents nearly 20% of all salaried employees in Scandinavia.

Peter Lybecker, outgoing Chairman of Bluegarden, stated, “The primary focus for the Board of Directors of Bluegarden has been to select the best owner with a clear commitment to develop Bluegarden’s payroll and HR administration services to the benefit of Bluegarden’s many customers. I am confident that we have found a highly qualified owner in Marlin, who offers extensive global expertise in the payroll and HR administration services industry.”

“We are delighted to partner with Bluegarden as it enters its next phase of growth,” said Shawn McMorran, a partner in Marlin’s London office. “Marlin brings an experienced bench of operating resources and we are committed to supporting Bluegarden’s highly talented management team in accelerating the growth and maximizing the potential of Bluegarden.”

About Marlin Equity Partners                                                                                                                                       

Marlin Equity Partners is a global investment firm with over $3 billion of capital under management.  The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value.  Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 95 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London.  For more information, please visit www.marlinequity.com.

About Bluegarden

Founded in 1969, Bluegarden is the leading provider of cloud-based payroll and HR administration software solutions in Denmark, Norway and Sweden. Bluegarden develops and operates some of the most used and user-friendly platforms for HR and payroll administration. The company’s payroll and HR administration products are simple to use, scalable to all types and sizes of companies, and most important of all, offer best-in-class reliability and accuracy. Bluegarden’s aim is to take care of payroll and HR administration for its customers, leaving them free to concentrate on their core business. For more information, please visit www.bluegarden.com.

For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.local.