Combined Company Promises the Most Powerful Growth Platform for omnichannel Sellers Worldwide

London, United Kingdom, and Louisville, Kentucky, September 1, 2022 — Linnworks, a leading ecommerce enablement and operations management software platform, has announced its formal agreement to acquire SkuVault, a leading U.S.-based provider of inventory management systems (“IMS”) and warehouse management systems (“WMS”) software solutions. The deal brings together two companies with a shared vision of accelerating growth for omnichannel sellers. California-based growth investor Marlin Equity Partners will be the majority shareholder of the combined company.

“We are very excited about entering this new chapter of our company’s history. The combination of our expert, passionate teams and our local and global talent will drive significant value to our customers, employees and partners,” said Callum Campbell, CEO of Linnworks. “We deeply appreciate SkuVault’s leading position within the North American market, driven by its highly differentiated product that offers rich features and functionality across the IMS and OMS value chain and deep WMS and 3PL capabilities. We are excited for the depth of experience and spirit of innovation that Andy, Slav and the rest of the SkuVault team will bring to the shared company.”

“We are more than thrilled to be partnering with Callum and the rest of the Linnworks team, as well as with Marlin Equity Partners. This is a huge opportunity to drive strategy and innovation in our industry and value for our customers,” said Andy Eastes, CEO and Co-Founder of SkuVault. “We have a shared vision to solve the most difficult challenges omnichannel sellers face as they grow. I believe the combined business will be well positioned to help our customers seamlessly integrate their sales channels and warehouses, fulfill orders more efficiently and, ultimately, grow their business bigger and faster.”

Upon closing, Linnworks and SkuVault will combine their strengths to offer the most robust IMS/OMS solutions in the market, with a best-in-class user experience, extensive breadth and depth of functionality, and agile, globally available implementation and support services.

Peter Chung and Roland Pezzutto, Managing Directors at Marlin, added, “We are incredibly excited to work with Callum, Andy and the rest of the Linnworks and SkuVault teams to create a global category leader, in a fast-growing market segment, with increased platform breadth and global coverage of customer profiles. We believe the businesses are highly complementary, not only from a geographic perspective but also bringing strengths across a number of key product capabilities in order management, inventory management, analytics/forecasting, warehouse management and 3PL support. Both companies have exhibited strong growth historically, and this transformative acquisition creates a unique opportunity to accelerate growth through investment in product innovation, go-to-market, account management and support.”

Raymond James & Associates served as SkuVault’s sole financial advisor. SkuVault’s legal advisor was Wyatt, Tarrant & Combs, LLP. DC Advisory acted as financial advisor and Goodwin Procter LLP and Mayer Brown International LLP served as legal advisors to Linnworks and Marlin. Financial terms were not disclosed.

About Linnworks

Linnworks connects modern retailers with their customers around the world through inventory and order management software designed for the effortless economy. By equipping brands and retailers to conduct commerce wherever their customers are, Linnworks powers businesses to drive growth and boost brand success. Linnworks processes over $8 billion in gross merchandise value each year globally and serves product sellers across the customer journey from startups to scale-ups to some of the world’s largest, recognizable brands. For more information, please visit www.linnworks.com.

About SkuVault

SkuVault’s warehouse and inventory management platform solves the biggest challenge in omnichannel retail: managing and tracking inventory at scale. By integrating with critical shipping, ecommerce and channel management platforms, SkuVault delivers inventory quantity, location and velocity with total certainty. Today, over 1,200 of the world’s best retailers trust SkuVault to ensure the success of their business. For more information, please visit www.skuvault.com.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $8.1 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 200 acquisitions. The firm Is headquartered in Los Angeles with an additional office in London. For more information, please visit www.marlinequity.com.

Contacts:

Marlin Equity Partners – pspasov@marlinequity.comLinnworks

SkuVault – Greg Richards, greg.richards@skuvault.com

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