HPS Investment Partners Completes Acquisition of Marlin Business Services

Funds managed by affiliates of HPS Investment Partners completed the acquisition of Marlin Business Services for $23.50 per share in an all-cash transaction, effective Jan. 20.

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.

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