Marwit Capital Partners II, L.P. Announces Final Close at $183 Million
August 15, 2007
Newport Beach, CA
Marwit Capital Partners II, L.P. (“MCP II” or the “Fund”) announced today that it held the final closing
of its Lower Middle Market Buyout Fund, with final committed capital of $183 million. The Fund’s
limited partners include Banc of America Capital Access Fund (a fund of funds managed on behalf of the California Public Employees' Retirement System (CalPERS), the California State Teachers'
Retirement System (CalSTRS), and Bank of America), Siguler Guff, W.P. North American Private
Equity, COREalpha Private Equity Partners, The Lincoln National Life Insurance Company, City
National Bank, CUNA Mutual, The Meadows Foundation, Arlington Partners, Cornerstone Private
Equity Partners V, Keystone Private Equity, L.P., and a large Washington, D.C.- based Endowment.
“We are particularly pleased to be oversubscribed and to have such a diversified and value-added
investor base, comprised of both domestic and international L.P.s. Our original target was $175
million and we had a number of investors that we were unable to accommodate at the end of the
process,” said Matthew Witte, Marwit Managing Partner. “Given the considerable time our team
devoted to fundraising this past year, we are very gratified to have closed on five platform
acquisitions while raising this fund, and we expect to close two additional platforms in the next 60
days,” added Marwit Managing Partner Chris Britt.
MCP II, L.P.’s current portfolio includes platform companies Solis Women’s Health (Austin, TX),
Promax Nutrition Group (Newport Beach, CA), Driftwood Dairy (Los Angeles, CA); Best Vinyl (Salt
Lake City, UT), and Traffic Control and Safety Corporation (whose initial acquisition was Safety
Systems, HI followed by 3 add-ons based in CA). The Fund expects to have 12 to 15 portfolio
companies when fully invested.
About Marwit Capital
MCP II invests in lower middle market “micro cap” businesses that are leaders in niche markets,
have revenues of $15 to $125 million, EBITDA of $3 to $15 million, and enterprise values generally
less than $50 million at the time of acquisition. In all instances, Marwit partners with experienced
CEO Partners and management teams that invest alongside the Fund, and actively collaborates with
them to create value. Marwit specializes in management buyouts, platform LBO acquisitions in
partnership with experienced industry executives, recapitalizations, and later stage growth and
expansion investments. MCP II generally invests $10 to $20 million of equity capital per Portfolio
Company, in one or a series of investments, and has invested more than $250 million since 1995.
More information, please visit www.marwit.com