LOS ANGELES and LONDON, August 23, 2021 – Marlin Equity Partners (“Marlin”) is pleased to announce the acquisition of Returnado, a Stockholm-based e-commerce returns and shipment management provider by Unifaun and Consignor, which were merged in February 2021. The merged businesses, along with Returnado, have been rebranded as nShift (the “Company”) under the leadership of Lars Pederson as new CEO. The launch of nShift creates a leader in cloud delivery and returns management solutions for e-commerce shops, retailers, manufacturers and third-party logistics (“3PL”) companies globally. Marlin and Francisco Partners will remain the majority stakeholders in nShift.
Through the acquisition of Returnado, nShift adds critical technology to its cloud delivery management platform with a streamlined return process for shippers, carriers and recipients. With over 100 pre-built third-party integrations in e-commerce and other shippers’ most critical IT systems and an extensive carrier library delivering connectivity into over 700 carriers, nShift offers customers an end-to-end cloud platform to automate and optimize the entire delivery management process, which successfully enables nearly one billion annual shipments globally.
“I am extremely honored and excited to be joining nShift at such a pivotal time in its growth,” said Lars Pedersen, who was recently appointed CEO of nShift. “Despite our name change, we are more committed than ever to continue to provide the vital connectivity in delivery management, visibility and efficiency upon which over 90,000 of our customers rely on. We are thrilled to announce our new brand together, with our latest e-commerce innovations, nShift Checkout and nShift Return (formerly known as Returnado), to deliver a comprehensive platform that enables customers to worry less and ship smarter, achieve higher e-commerce-shop conversions, reduce delivery-related support calls and drive increased repurchase rates on returned products.”
Peter Chung, a managing director at Marlin, said, “We are excited to continue delivering against the nShift mission of enabling our customers to worry less and ship smarter via the Company’s collective scale and breadth of its consolidated, end-to-end cloud delivery management platform. Today, e-commerce and other shippers have a singular platform from which they can eliminate geographical barriers to growth and drive supply chain efficiency and visibility all while improving the overall delivery experience for constituents across the logistics value chain.”
Petri Oksanen, a partner at Francisco Partners, added, “This is an exciting step forward and the beginning of the next chapter of transformational growth for nShift. With the recent acquisition and integration of Returnado, we are in a position now more than ever to continue to deliver the very best solutions for our customers and help them solve first-to-last mile logistics challenges, deliver tangible cost savings and drive innovation in our industry.”
Established in 2021, nShift is a global leading provider of cloud delivery management solutions enabling the frictionless shipment and return of almost one billion shipments across 190 countries. nShift’s software is used globally by e-commerce, retail, manufacturing and 3PL shippers. The company is headquartered in London and Oslo and has over 450 employees across offices in Sweden, Finland, Norway, Denmark, United Kingdom, Poland, the Netherlands, Belgium, Romania and Switzerland. For more information, please visit www.nshift.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.6 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 strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 185 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
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