Calera Capital
TypePrivate
IndustryPrivate equity
PredecessorFremont Partners
Founded1991
FounderBob Jaunich, Jim Farrell
HeadquartersSan Francisco, California, U.S.
ProductsLeveraged buyout
AUM$3.2 billion
Number of employees
25+
Websitewww.caleracapital.com

Calera Capital is a private equity firm focused on investments in middle-market companies. Founded in 1991, the firm is currently investing out of its fifth fund, Calera Capital Partners V, which was raised in 2017. 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:[3]

  • 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 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, Fremont Partners II, in 1996 with a diverse group of investors. Fremont 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

  • Grandpoint[6][7]
  • Transaction Services Group[8]
  • United Dental Partners[9]
  • Carnegie Fabrics[10]
  • Evans Network of Companies[11]
  • Arnott[12]
  • ImageFIRST Healthcare Laundry Specialists[13]
  • Bay State Physical Therapy[13]
  • FitzMark [14]

Prior Portfolio Companies

References

  1. ↑ "Calera Capital - Home". www.caleracapital.com.
  2. ↑ "Calera Capital - Approach". www.caleracapital.com.
  3. ↑ "Calera Capital - Industries". www.caleracapital.com.
  4. ↑ Name Change
  5. ↑ "Calera Capital - Calera Capital Closes $555 Million Private Equity Fund". www.caleracapital.com.
  6. ↑ "Calera Capital - Grandpoint Bank launched with $75 million capital investment". www.caleracapital.com.
  7. ↑ "Pacific Premier Bank - Irvine, CA – Riverside, CA – San Luis Obispo, CA". www.ppbi.com.
  8. ↑ "Calera Capital - Calera Capital acquires stake in Transaction Services Group Limited". www.caleracapital.com.
  9. ↑ "UDP Investment" (PDF). Archived from the original (PDF) on 2018-09-12. Retrieved 2018-09-12.
  10. ↑ "Calera Capital - Calera Capital acquires majority stake in Carnegie Fabrics". www.caleracapital.com.
  11. ↑ "Calera Capital - Calera Capital acquires majority stake in Evans". www.caleracapital.com.
  12. ↑ "Calera Capital - Portfolio". www.caleracapital.com.
  13. 1 2 "Calera Capital Overview". PitchBook. June 24, 2020.
  14. ↑ "Calera Capital Completes Majority Recapitalization of FitzMark". www.yahoo.com. Retrieved 2021-01-15.
  15. ↑ "IPS Investment".
  16. ↑ "IPS Corporation".
  17. ↑ Ironshore Investment Archived 2010-12-27 at the Wayback Machine
  18. ↑ "Energy Insurance, Property, Casualty & Commercial Lines Insurance". www.ironshore.com.
  19. ↑ "FindArticles.com - CBSi". findarticles.com.
  20. ↑ Rock-It Website Archived 2011-07-15 at the Wayback Machine
  21. ↑ "Press Releases and News Stories - Sterling Talent Solutions". Sterling.
  22. ↑ "LoopNet Investment". Archived from the original on 2012-07-16. Retrieved 2010-12-30.
  23. ↑ "LoopNet: Commercial Real Estate For Sale and Lease". www.loopnet.com.
  24. ↑ "Tenn.: Calera Capital and TPG Close Acquisition of Direct General Corp". Insurance Journal. 5 April 2007.
  25. ↑ "Direct Auto & Life Insurance - Get a Free Quote Now!". www.directgeneral.com.
  26. ↑ Coyle, Thomas (1 July 2010). "First Republic Regains Its Independence".
  27. ↑ "First Republic: Home Page". First Republic Bank.
  28. ↑ "KCI Exit".
  29. 1 2 "Kerr Exit" (PDF). Archived from the original (PDF) on 2011-07-08. Retrieved 2010-12-30.
  30. ↑ "SBI Investment".
  31. ↑ "Vantage Investment". Archived from the original on 2011-07-08. Retrieved 2010-12-30.
  32. ↑ "Fremont Partners Announces Sale of Juno Lighting, Inc. to a Unit of Schneider Electric SA. - Free Online Library". www.thefreelibrary.com.
  33. ↑ "Fremont Partners Sells Tapco International Corporation to Headwaters Incorporated. - Free Online Library". www.thefreelibrary.com.
  34. ↑ "Coldwell Banker Exit". Archived from the original on 2011-07-08. Retrieved 2010-12-30.
  35. ↑ "Crown Pacific IPO".
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