Calera Capital
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1991 |
| Founder | Bob Jaunich, Jim Farrell |
| Headquarters | San Francisco , United States |
Area served | Middle-market enterprises, United States |
| Products | Private equity investments |
Calera Capital is a private equity firm focused on investments in middle-market enterprises. Established in 1991 by founders Bob Jaunich and Jim Farrell, the company oversees $3.2 billion in assets under management (AUM). Its main office is located in San Francisco, complemented by a secondary office in Boston. Currently, Calera Capital is deploying capital from its fifth fund, Calera Capital Partners V, which was raised in 2017.
Investment Criteria and Transaction Types
The firm concentrates on equity investments in businesses with enterprise values reaching up to $1 billion, generally committing between $50 million and $250 million per deal. Calera Capital has demonstrated considerable expertise partnering with founder- and family-owned companies, with existing shareholders reinvesting more than $1.2 billion alongside the firm.
Its transaction approach encompasses leveraged recapitalizations, corporate spin-offs, take-private deals, growth and acquisition financing, as well as restructuring initiatives.
Calera Capital’s core industry sectors include:
- Business Services (covering Technology Enabled, Logistics, Financial Services, Healthcare)
- Specialty Industrials (including Industrial Services, Specialty Distribution, Specialty Manufacturing, Energy Services & Equipment)
History
Founded as a partnership with the Fremont Group in 1991, Calera Capital initially raised capital through Fremont Partners II in 1996 and Fremont Partners III in 2001, which broadened its investor base. The firm was originally named Fremont Partners but changed its name to Calera Capital in 2007 to signify its independence from the Fremont Group and ownership by investment professionals.
Currently, Calera Capital operates with a corporate framework that emphasizes strategic leadership while investing in companies valued between $100 million and $750 million via its $555 million fifth fund.
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
- Kinetic Concepts
- McCormick Packaging
- Specialty Brands
- Vantage Building Products
- Juno Lighting
- Kerr Group
- Resun Leasing
- Software Architects
- Tapco International
- Coldwell Banker
- Crown Pacific
- Petro Stopping Centers
- Competitor Group Inc