Marlin Equity Partners is making a majority investment in employee compliance company StarCompliance where Luminate Capital owns a minority stake.
Star provides employee compliance services to the financial services industry. Marlin invests in businesses in healthcare, software, technology, and services. “StarCompliance has undergone a tremendous transformation since our initial investment, accelerating its growth, bolstering its management team, launching new products, and expanding its global reach. We are thrilled to partner with Marlin and continue to support the company,” says Luminate managing partner Hollie Haynes. Luminate was founded by Hollie Haynes, who was named to Mergers & Acquisitions’ 2020 Most Influential Women in Mid-Market M&A. Private equity firm Luminate specializes in growing software companies.
Kirkland & Ellis LLP is serving as legal advisor to Marlin. Evercore is acting as financial advisor to Star and Luminate. Kirkland is providing legal advice to Star.