Calera Capital
| |
Private | |
Industry | Private equity |
Predecessor | Fremont Partners |
Founded | 1991 |
Founder | Bob Jaunich, Jim Farrell |
Headquarters | San Francisco, California, U.S. |
Products | Leveraged buyout |
AUM | $3.2 billion |
Number of employees | 25+ |
Website | www.caleracapital.com |
Calera Capital is a private equity firm focused on investments in middle-market companies. Founded in 1991, Calera Capital has $2.8 billion of assets under management. The firm is currently investing out of its fourth fund, Calera Capital Partners IV, which was raised in 2008. Calera Capital has offices in San Francisco and Boston.[1]
Investment Criteria and Transaction Types
Calera Capital makes equity investments in operating companies with enterprise values up to $1 billion. The firm seeks to deploy between $50 million and $250 million in each transaction. Many of Calera Capital’s investments have involved founder- or family-owned businesses, and the firm reports that existing shareholders have re-invested over $1.2 billion in transactions with Calera Capital.
The firm pursues several types of transactions, including: Leveraged recapitalizations, Corporate spin-offs, Take-private transactions, Investments to facilitate growth or acquisitions, and Restructurings.[2]
While Calera has made investments across a range of industries, it is primarily focused on two sectors:
- Business Services (Technology Enabled, Logistics, Financial Services, Healthcare)
- Specialty Industrials (Industrial Services, Specialty Distribution, Specialty Manufacturing, Energy Services & Equipment)
History
Calera Capital was founded in 1991 as a partnership between the investment professionals and the Fremont Group, a private investment company based in San Francisco. Calera Capital’s initial pool of funds was provided by the Fremont Group. Calera Capital raised its first institutional fund, Calera Capital Partners II, in 1996 with a diverse group of investors. Calera Capital Partners III was raised in 2001 further expanding the firm’s investor base.
Prior to 2007, Calera Capital was known as Fremont Partners, a name the firm derived from the Fremont Group. The name change to Calera Capital occurred as the firm began raising its fourth fund, Calera Capital Partners IV, and reflected the firm’s transition to an entirely independent entity owned by the investment professionals and no longer affiliated with the Fremont Group.[4]]
Calera is currently investing out of its fifth fund, Calera Capital Partners V, a $555 million fund targeting investments in companies valued between $100 million and $750 million. [5]
Current Portfolio Companies
Prior Portfolio Companies
- IPS Corporation [13][14]
- Ironshore [15][16]
- Rock-It Cargo [17][18]
- Sterling Infosystems[19]
- LoopNet[20][21]
- Direct General[22][23]
- First Republic Bank[24][25]
- Kinetic Concepts[26]
- McCormick Packaging[27]
- Specialty Brands[28]
- Vantage Building Products[29]
- Juno Lighting[30]
- Kerr Group[27]
- Resun Leasing
- Software Architects
- Tapco International[31]
- Coldwell Banker[32]
- Crown Pacific[33]
- Petro Stopping Centers
References
- ↑ Calera Capital Website
- ↑ Calera Transaction Types
- ↑ Calera Investments by Industry
- ↑ [https://www.caleracapital.com/fremont-is-now-calera-capital Name Change
- ↑ Current Fund
- ↑ https://www.caleracapital.com/grandpoint-bank-launched-with-$75-million-capital-investment
- ↑ Grandpoint Website
- ↑ TSG Investment
- ↑ UDP Investment
- ↑ Carnegie Investment
- ↑ Evans Investment
- ↑ https://www.caleracapital.com/portfolio
- ↑ IPS Investment
- ↑ IPS Website
- ↑ Ironshore Investment Archived 2010-12-27 at the Wayback Machine.
- ↑ Ironshore Website
- ↑ Rock-It Investment
- ↑ Rock-It Website Archived 2011-07-15 at the Wayback Machine.
- ↑ Sterling Investment
- ↑ LoopNet Investment
- ↑ LoopNet Website
- ↑ Direct General Investment
- ↑ Direct General Website
- ↑ First Republic Investment
- ↑ First Republic Website
- ↑ KCI Exit
- 1 2 Kerr Exit
- ↑ SBI Investment
- ↑ Vantage Investment
- ↑ Juno Exit
- ↑ Tapco Exit
- ↑ Coldwell Banker Exit
- ↑ Crown Pacific IPO