14th September 2021

Pemberton refinancing supports K2 Partnering Solutions’ acquisition of Marlin Green


Overview

Pemberton, a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, is providing refinancing to support K2 Partnering Solutions’ acquisition of Marlin Green.

K2 is a leading global provider of specialist IT personnel and serves a blue-chip customer base, principally providing skilled contractors with a particular focus on Enterprise resource planning ‘ERP’ applications and other cloud niches. The refinancing will fund the strategic acquisition of Marlin Green, a leading international recruitment agency that provides specialist Pan-European contract IT recruitment solutions, and will also provide further runway for future M&A activities.

Established in 1997 and headquartered in London with 19 offices across 5 continents, K2’s focus on contractor engagements results in resilient revenues, as evidenced through the Covid period where the company continued to grow year-on-year. Their proprietary database of professionals, and the K2 Connect technology platform underpin their position as one of the market leaders.

We are delighted to be supporting K2 and to have completed our first transaction with Inflexion. K2 is one of a limited number of truly global players in the IT outsourced-staffing space, and benefits from visible revenues derived from its contractor led business model. The company is ideally positioned to benefit as corporates accelerate their digital transformation and cloud migration journeys over the coming years. We very much look forward to working with the company and Inflexion to help deliver their growth ambitions.

 

– Richard Meehan, Executive Director, UK and Ireland

The refinancing solution supported by Pemberton gives K2 access to additional operating capital to fund our continued and ambitious organic growth. In addition, K2 now has access to an M&A line of credit that will help fund strategic growth from our active M&A pipeline. These restructuring actions will fund our current and future capital needs, giving us options and further momentum on executing our growth strategy. I am excited about the future of K2 and appreciate the efforts from my global team and new partners in getting this refinancing completed.

 

– Todd E. Hauser, CFO and COO at K2 Partnering Solutions

About the author

Richard Meehan

Executive Director, UK and Ireland