Marlin Buys Unisys Pay Assets
Dealmaking in the payment processing space continues to be frothy in 2010 as private equity firms pile into consolidation plays.
February 5, 2010
Marlin Equity Partners bought the payment hardware, supplies, maintenance and R&D belonging to listed, Pennsylvania-based Unisys Corp.
Terms of the deal were not disclosed and calls seeking comment were not returned by press time. The assets will be re-named Burroughs Payment Systems and will be based in Michigan.
Like other private equity firms, the Unisys assets buy will be used for the development of a bigger platform, said Marlin operating partner Mike Zawalski.
Increasingly, PE has worked its way into the space and seems poised to continue its march. HIG Capital teamed up with Tim Bauer to form Reprise Management Services; Navigation Capital recently acquired PrePaid Solutions and Aquiline Capital Partners led a $75 million investment in Clear2Pay NV, a Belgian payments system.
Already, the California-based PE firm has been making buys in 2010. Earlier this month, the PE firm announced the assets of CompassLearning Inc., an educational software companies developing products for students K-12. Terms of that deal were not disclosed.
Additionally, late last year, Marlin acquired Liquent Inc. from Thomson Reuters; the company provides software and regulated regulatory and clinical services to the life sciences industry. In December 2009, the PE firm announced the closure of Marlin Equity III, a $650 million private equity fund. The PE firm’s statement did not specify into which fund’s portfolio Unisys’ assets were absorbed.
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