Blum Capital

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Blum Capital Partners
Private
Industry Private equity
Founded 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[edit]

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[edit]

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[edit]

  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. New York Times, March 31, 2005
  4. ^ DEUTSCHE POST TO SELL STAKE IN DHL AIRWAYS. New York Times, May 22, 2003
  5. ^ CB Richard Ellis to Expand In New York With Acquisition. New York Times, February 19, 2003
  6. ^ Investors to Buy Real Estate Company. New York Times, February 26, 2001
  7. ^ INVESTORS SEEK REMAINING SHARES OF CB RICHARD ELLIS. 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. 

External links[edit]