Private equity firm Marlin Equity Partners is exploring a potential sale of its Swedish cloud software portfolio company Medius, with sources suggesting a valuation of around $2bn for the business, according to a report by Bloomberg.
The PE firm is reportedly working with Evercore on the potential divestment, which could be launched early next year, although deliberations remain at an early stage.
Medius, founded in Linköping, provides cloud-based accounts payable automation solutions to clients including Liberty, Puma SE, and Lush Cosmetics. Under Marlin’s ownership since 2017, the company has pursued a series of bolt-on acquisitions, including Expensya, OnPay Solutions, and Wax Digital, and in 2022, Marlin sold a minority stake to Advent International.
A spokesperson for Marlin declined to comment, while Evercore did not respond. The firm could still decide to retain Medius, sources added.
