Varagon Capital Partners has provided a credit facility to back Marlin Equity Partners’ acquisition of Worksoft. No financial terms were disclosed. Varagon was administrative agent on the financing. Dallas-based Worksoft is a continuous robotic test automation platform for enterprise packaged applications.
New York, NY, February 25, 2019 – Varagon Capital Partners (Varagon) today announced it is serving as administrative agent on a senior secured credit facility to support the acquisition of Worksoft by Marlin Equity Partners.
Headquartered in Dallas, TX, Worksoft is the industry’s leading continuous robotic test automation platform for enterprise packaged applications, offering a diverse ecosystem of service providers, software integrations, and machine learning solutions to enable true end-to-end, unattended automated testing of mission-critical business applications.
“We are excited to partner with Marlin Equity Partners along with the Worksoft management team to support their growth initiatives,” said Sam Kwon, Managing Director at Varagon.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 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 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information about Marlin, visit www.marlinequity.com.
About Varagon Capital Partners
Varagon is a leading lender to middle market companies and private equity firms. Varagon invests across the capital structure and delivers flexible financing solutions that meet the needs of our private equity partners. Varagon provides investors with exposure to high-quality, directly-originated middle market loans through products designed for sophisticated institutions. Since inception, Varagon has made over $9.0 billion of investment commitments to over 120 middle market companies. For more information about Varagon, visit www.varagon.com.