Calera Capital is a
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
firm focused on investments in
middle-market companies Authorities provide differing definitions of the middle-market or mid-market companies. While some authorities look to revenue generated by companies to define the middle market, other sources regard either asset size or number of employees as a bet ...
. 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
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
and
Boston
Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...
.
Investment Criteria and Transaction Types
Calera Capital makes
equity investment
A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an invest ...
s 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 recapitalization
In corporate finance, a leveraged recapitalization is a change of the company's capital structure, usually substitution of debt for equity.
Overview
Such recapitalizations are executed via issuing bonds to raise money and using the proceeds to ...
s,
Corporate spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active.
Charact ...
s,
Take-private transactions,
Investments to facilitate growth or acquisitions, and
Restructurings.
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, 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.
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.
Current Portfolio Companies
*Grandpoint
*Transaction Services Group
*United Dental Partners
*Carnegie Fabrics
*Evans Network of Companies
*Arnott
*ImageFIRST Healthcare Laundry Specialists
*Bay State Physical Therapy
[
*FitzMark
]
Prior Portfolio Companies
*IPS Corporation
*Ironshore
*Rock-It Cargo
*Sterling Infosystems
*LoopNet
*Direct General
*First Republic Bank
First Republic Bank is an American full-service bank and wealth management company offering personal banking, business banking, trust, and wealth management services, catering to low-risk, high net-worth clientele, and focusing on providing p ...
*Kinetic Concepts
*McCormick Packaging
References
External links
{{Authority control
Financial services companies established in 1991
Private equity firms of the United States
American companies established in 1991
Companies based in San Francisco
1991 establishments in California