Marlin Equity Partners makes it four deals in a week with HotSchedules, Fourth buyouts


Marlin Equity Partners has continued its busy month of dealmaking by picking up a pair of companies providing workforce, schedule and operations management for the hospitality and restaurants industries.

The firm has agreed to buy and merge US-headquartered HotSchedules and UK-based Fourth to create a comprehensive back-of-house software-as-a-service platform delivering inventory management, workforce management, payroll and cost-control operations.

Insight Partners, the owner of Fourth following a 2015 buyout, will hold a minority stake in the combined company.

Marlin principal Doug Bayerd said, “We are excited to bring together two highly complementary industry leaders to create a global, end-to-end human capital management and operations platform focused on the hospitality sector.

“Our investment underscores our commitment to the hospitality management solutions market and the value that these institutions provide for their customers.”

The deal comes the same week that Marlin exited Qualitest to fellow private equity house Bridgepoint after a three-year hold, and bought up Norwest Venture Partners portfolio business Clarus Commerce.

Marlin closed its two most recent funds on a total of $3.25bn in 2017.

The firm completed the first and final closing of Marlin Equity V on $2.6bn, and Marlin Heritage II on $750m.

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