Unifaun on a continued growth path: Announces the sale of the company by Vitruvian Partners to Marlin Equity Partners

Stockholm, Sweden, London, United Kingdom and Los Angeles, USA

Vitruvian Partners has signed an agreement to sell Unifaun, a leading cloud delivery orchestration platform serving the European logistics ecosystem, to Marlin Equity Partners.

Headquartered in Stockholm, Unifaun provides cloud delivery orchestration solutions to the logistics ecosystem. It is the clear category leader in the Nordics and growing quickly throughout Europe, experiencing accelerated growth since partnering up with Vitruvian in early 2016. In addition to strengthening its core shipper and carrier solutions, Unifaun has developed a specialised B2C eCommerce module, launched the plug-and-play Delivery Checkout solution providing eCommerce shippers with multiple delivery options, and brought to market the MyParcel tracking app for parcel recipients, which has reached over 1.5 million downloads since launch. Last year, Unifaun also acquired Netherlands-based Transsmart, expanding its geographical footprint into the Benelux and DACH regions.

“Unifaun has an outstanding reputation providing innovative cloud technology solutions to participants in the transportation ecosystem,” said Leif Bohlin, CEO of Unifaun. “Vitruvian has actively supported us in focusing on the large opportunity that exists in the sector and in Europe, while maintaining a strong position in our core Nordic markets, and we look forward to continuing our journey with Marlin’s support.”

Jussi Wuoristo, Partner at Vitruvian Partners, commented, “It has been a pleasure working with Leif and his team and we are very pleased with the strong development that our partnership has produced over the years. Unifaun is well positioned to drive accelerated value for carriers, shippers, and parcel recipients, and we are confident the business will continue to be an industry thought leader together with Marlin”.

Peter Chung, Managing Director at Marlin Equity Partners, added, “We look forward to working with Unifaun’s outstanding management team to help realise the company’s organic and inorganic growth plans. Unifaun is clearly a leader within its space, and we are excited to help Unifaun continue to create efficiencies for all stakeholders in its ecosystem by leveraging our deep domain expertise in supply chain management, logistics, and eCommerce technologies.”

The transaction is expected to be completed in the next few weeks. Financial details have not been disclosed. Goldman Sachs International served as exclusive financial adviser and Kirkland & Ellis LLP as legal adviser to Vitruvian and Unifaun. UBS Investment Bank acted as financial adviser and Plesner served as legal adviser to Marlin Equity Partners.

About Unifaun

Unifaun has over 20 years of experience of providing innovative and high-quality cloud transportation connectivity solutions to carriers, shippers, and parcel recipients in the transportation ecosystem. With an extensive partner ecosystem and carrier library, Unifaun is the clear Nordic leader within its space with a fast-growing European business. During 2019, more than 300 million shipments were handled in the system, with the platform having ~83k connected shippers and visibility on ~17k carriers. Unifaun has approximately 200 employees in Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Poland. More information can be found at: www.unifaun.com.

About Vitruvian Partners

Vitruvian Partners is an international growth equity firm headquartered in London with further offices in Stockholm, Munich, Luxembourg, San Francisco and Shanghai. Vitruvian focuses on dynamic situations characterised by high growth and change across industries spanning information technology, financial services, life sciences & healthcare, media, and business and consumer services. Vitruvian Funds have backed over 50 companies and have assets under management of c.€10 billion. Vitruvian is a signatory of the PRI. Notable investments to date include global market leaders in their field such as Just Eat, Farfetch, CRF Health, Marqeta, TransferWise, Skyscanner and others. Vitruvian has a strong presence in the Nordics with an established office in Stockholm and ten investments across the region: Accountor, Benify, CRF Health, EasyPark, Just Eat, Scrive, Snow Software, Storytel, Trustpilot and Unifaun. More information can be found at: www.vitruvianpartners.com.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $7.2 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 160 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit: www.marlinequity.com

For more information, please contact:

Unifaun: CEO Leif Bohlin, leif.bohlin@unifaun.com, +46 705 582 108

Vitruvian Partners: Matthew Smallwood, matthew.smallwood@instinctif.com, +44 20 745 72 020

Marlin Equity Partners: Peter Spasov, pspasov@marlinequity.com, +1 (310) 364-0100