Blum Capital

Blum Capital Partners
Private
Industry Private equity
Founded 1975 (1975)
Founder Richard C. Blum
Headquarters San Francisco, California, United States
Products Leveraged buyout, PIPE, Growth capital
Total assets $4.5 billion[1]
Number of employees
 30+
Website www.blumcapital.com

Blum Capital Partners (formerly Blum Capital) is an American private equity firm focused on leveraged buyout, growth capital and PIPE investments in small cap and middle-market companies across a range of industries. The firm is known for pioneering a hybrid private equity / strategic block investment strategy in public companies.

The firm, which is based in San Francisco, was founded in 1975 by Richard C. Blum. The firm has raised approximately $4.5 billion since inception across four institutional private equity funds raised since 1998.

History

Prior to founding Blum Capital, Richard C. Blum worked at Sutro & Co. an investment management and brokerage firm founded in 1858. While at Sutro, Blum led a partnership that acquired the struggling Ringling Bros. and Barnum & Bailey Circus in 1967 for $8 million and sold it to Mattel Inc. for $40 million just four years later.

Among Blum Capital's most notable investments have been Fair Isaac,[2] Lenovo,[3] DHL Airways[4] and CB Richard Ellis.[5][6][7]

In 1994, Blum Capital entered into a joint venture, Newbridge Capital, with Texas Pacific Group and Acon Investments to invest in Asia and Latin America.

Investments

On October 9, 2012, Wolverine World Wide, Golden Gate Capital and Blum Capital took over Collective Brands.[8]

On March 26, 2015, it was announced that Blum Capital and FRHI Hotels & Resorts will acquire 88% of the shares of the Grand del Mar Resort in San Diego.[9]

References

  1. ↑ Institutional private equity funds raised since 1998. Source: Preqin
  2. ↑ Blum buys larger stake in Fair, Isaac. San Francisco Business Times, October 10, 2000
  3. ↑ Hardware: Equity Stake In Lenovo. The New York Times, March 31, 2005
  4. ↑ DEUTSCHE POST TO SELL STAKE IN DHL AIRWAYS. The New York Times, May 22, 2003
  5. ↑ CB Richard Ellis to Expand In New York With Acquisition. The New York Times, February 19, 2003
  6. ↑ Investors to Buy Real Estate Company. The New York Times, February 26, 2001
  7. ↑ INVESTORS SEEK REMAINING SHARES OF CB RICHARD ELLIS. The New York Times, November 14, 2000
  8. ↑ "Wolverine Worldwide, Golden Gate Capital and Blum Capital complete acquisition of Collective Brands". Golden Gate Capital.
  9. ↑ Weisberg, Lori (26 March 2015). "Grand Del Mar hotel to be sold". U-T San Diego. Retrieved 15 April 2015.


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