M&A Deal Summary

Marlin Equity Partners Acquires ImagineSoftware

On November 23, 2021, private equity firm Marlin Equity Partners acquired internet software and services company ImagineSoftware from Mountaingate Capital

Acquisition Highlights
  • This is Marlin Equity Partners’ 31st transaction in the Internet Software and Services sector.
  • This is Marlin Equity Partners’ 75th transaction in the United States.
  • This is Marlin Equity Partners’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2021-11-23
Target ImagineSoftware
Sector Internet Software and Services
Buyer(s) Marlin Equity Partners
Sellers(s) Mountaingate Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)

Target

ImagineSoftware

Charlotte, North Carolina, United States
ImagineSoftware is a provider of billing automation software and revenue cycle management applications. Offering powerful technology solutions for medical billing offices, practices, and hospitals, Imagine Software currently serves more than 46,000 physicians. ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately improve the patient experience. ImagineSoftware was founded in 2000 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 101 of 116
Sector (Internet Software and Services) 31 of 40
Type (Secondary Buyout) 17 of 22
State (North Carolina) 2 of 2
Country (United States) 75 of 83
Year (2021) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Dozuki

San Luis Obispo, California, United States

Dozuki is a software platform that focuses on empowering manufacturers to capture, standardize and distribute knowledge across their frontline workforce as a key part of their continuous improvement efforts. Dozuki was founded in 2003 and is based in San Luis Obispo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Collenda

Meerbusch, Germany

Collenda is a provider of claims and credit management, and risk and impairment software and services. Collenda is based in Meerbusch, Germany.

Sell -

Seller(S) 1

DESCRIPTION

Mountaingate Capital is a private equity firm focused on acquiring middle-market companies with $5 to $25 million of EBITDA. The Firm focuses on growth-oriented companies in the business services, specialty manufacturing, marketing, and distribution sectors. Mountaingate looks to partner with management when investing and will consider transaction situations from buyouts, to consolidations and recapitalizations. Mountaingate Capital was formed in 2016 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 4 of 4
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Bounteous

Chicago, Illinois, United States

Bounteous delivers comprehensive strategy, customer experience, engineering, eCommerce, analytics, and digital marketing solutions to leading Fortune 1000 companies. The company helped build Domino’s Pizza into one of the world’s most successful eCommerce brands and serves as the agency of record for Domino’s Canada. Bounteous was formed in 2003 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 WTWH Media

Cleveland, Ohio, United States

WTWH Media is an integrated b2b media company serving the design engineering and renewable energy markets with more than 40 technology-based web sites and three print publications. WTWH Media was founded in 2006 and is based in Cleveland, Ohio.

Buy -