With the completion of this transaction, Marlin Business Services became part of the global leasing platforms managed by affiliates of HPS Investment Partners, which include PEAC UK and PEAC Europe and collectively operate in 11 countries. The platforms currently have balance sheet lease assets of €4.5 billion ($5.1 billion) and annual originations of more than €2.4 billion ($2.72 billion).
“We are pleased to have successfully concluded the transaction with HPS, which has delivered significant value to Marlin’s shareholders,” Jeffrey A. Hilzinger, president and CEO of Marlin Business Services, said. “We’re excited to be part of the global leasing platforms, which will create new opportunities for us to better serve our equipment dealers and manufacturer partners and expand into new markets. Our focus on providing fast and flexible financing solutions to small businesses has been a key driver of Marlin’s success and we will continue to improve and innovate on the experience we provide to customers and partners.”
“By combining our global strategy with experienced local teams, we are creating a full-service commercial finance organization to support our equipment dealers and customers,” Bill Stephenson, CEO of HPS Investment Partners’ global leasing platforms, said. “Marlin is an exciting addition to our platforms and we look forward to building on its success.”
In connection with the completion of the acquisition, Marlin Business Services became a wholly-owned subsidiary of funds managed by affiliates of HPS Investment Partners and the common stock of Marlin Business Services will no longer be listed on the Nasdaq Global Select Market.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Being a leader in today’s equipment finance industry takes a sense of purpose, advocating for oneself and being flexible. Amy Gross, executive vice president of the commercial vendor and government divisions at Key Equipment Finance, says being a parent while... read more
Joe Nachbin’s passion for equipment finance was so strong, he remained dedicated to his work until two hours before he passed away in July 2022, according to his wife, Ruby Nachbin. Attorney and investment banker, Paul Bent, senior managing director... read more