M&A Deal Summary

Marwit Capital Acquires Marina Medical Billing Service

On May 1, 1999, private equity firm Marwit Capital acquired business services company Marina Medical Billing Service

Acquisition Highlights
  • This is Marwit Capital’s 1st transaction in the Business Services sector.
  • This is Marwit Capital’s 10th transaction in the United States.
  • This is Marwit Capital’s 6th transaction in California.
Investment Fate
  • Marina Medical Billing Service was sold to a consortium of financial buyers in 2003.
  • Marina Medical Billing Service was recapitalized in 2006.
  • Marina Medical Billing Service was sold to a strategic buyer in 2012.
  • Marina Medical Billing Service was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 1999-05-01
Target Marina Medical Billing Service
Sector Business Services
Buyer(s) Marwit Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Marina Medical Billing Service

Cerritos, California, United States
website
Marina Medical Billing Service, Inc. is a provider of billing and collection services to hospital emergency department physician groups and physician practice management companies in six states.

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Buyer(S) 1

Buyer

Marwit Capital

Newport Beach, California, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1962
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marwit Capital Partners is a private equity group that targets West Coast based small company investments. Marwit generally invests $10 to $40 million of capital in businesses with $20 to $200 million of revenue. Marwit will consider both control and non-control situations. Prospective transactions include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and expansion financings. Sectors of interest include manufacturing, business services, consumer products and services, healthcare services, food, food services, restaurants, and fanchising. Marwit is licensed as a SBIC. Marwit Capital was formed in 1962 and is based in Newport Beach, California.

DEAL STATS #
Overall 11 of 26
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (California) 6 of 15
Country (United States) 10 of 25
Year (1999) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-01 Gregg Gift

Irvine, California, United States

Gregg Gift Company manufactures licensed giftware products for Christian retail stores and chains, preeminent mass merchandisers such as Target, Wal-Mart, and Mervyns, catalogs, and general gift stores such as Hallmark. The Company’s principal product lines include bible covers, bookcovers, booklights and reading accessories, bookmarks, organizers, tote bags, jewelry, and home décor products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-23 Ziff Davis

New York, New York, United States

Ziff Davis is a provider of Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications, and CRM solutions. Ziff Davis was founded in 1995 and is based in New York City.

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