Marlin Equity acquires Heimdal Security, a leading European provider of cloud-based cybersecurity solutions
Code & Co’s tech and product due diligence supported Marlin Equity Partners in acquiring a majority stake in Heimdal Security.
Tech & Product Due Diligence
- Marlin Equity Partners oversees $7.2 billion in assets
- Marlin acquired a majority stake in Heimdal Security
- Heimdal is a leading cybersecurity solutions provider with presence in Denmark, the UK, and the US
- Heimdal works with 6,000 global companies
- Code & Co. conducted a technical & product due diligence audit of Heimdal
Marlin Equity Partners (“Marlin”), a leading global investment firm with $7.2 billion under management, is headquartered in Los Angeles, California.
Copenhagen-headquartered Heimdal Security (“Heimdal”) operates a comprehensive endpoint security suite that protects companies against cybercrime.
Florian Hofmann, a principal at Marlin, noted: “In the face of modern threats, Heimdal is uniquely positioned to address the rapidly evolving cybersecurity needs of small and medium-sized enterprises, for whom traditional solutions such as antivirus and firewalls are proving increasingly insufficient.”
Code & Co. led the technical and product due diligence process to assess Heimdal’s technical capabilities, including architecture, infrastructure, and scalability, as well as the company’s product strategy and product development lifecycle.
Throughout the due diligence review, Code & Co. collaborated with the operating team at Marlin that would support Heimdal with product and commercial operations after the acquisition.
Steven Hargreaves, Operating Partner at Marlin Equity: “Code & Co. has become an essential sparring partner with up-to-date knowledge and vast experience. Their work results in well-balanced audits that uncover risks and untapped opportunities and provide value far into the holding period.”
Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry. Our expertise is modern and holistic technology and product due diligence. From outside-in audits and confirmatory due diligence to portfolio audits, exit preparation, and vendor due diligence, we provide our clients with crucial insight across the entire investment life cycle.