Blum Capital
 |
|
| 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]
- ^ Institutional private equity funds raised since 1998. Source: Preqin
- ^ Blum buys larger stake in Fair, Isaac. San Francisco Business Times, October 10, 2000
- ^ Hardware: Equity Stake In Lenovo. New York Times, March 31, 2005
- ^ DEUTSCHE POST TO SELL STAKE IN DHL AIRWAYS. New York Times, May 22, 2003
- ^ CB Richard Ellis to Expand In New York With Acquisition. New York Times, February 19, 2003
- ^ Investors to Buy Real Estate Company. New York Times, February 26, 2001
- ^ INVESTORS SEEK REMAINING SHARES OF CB RICHARD ELLIS. New York Times, November 14, 2000
- ^ "Wolverine Worldwide, Golden Gate Capital and Blum Capital complete acquisition of Collective Brands". Golden Gate Capital.
- ^ Weisberg, Lori (26 March 2015). "Grand Del Mar hotel to be sold". U-T San Diego. Retrieved 15 April 2015.
- Richard Blum: The man behind URS, next to Sen. Feinstein San Francisco Chronicle, 2003
- Richard Blum hones art of upping shareholder value. Bloomberg News; August 4, 2002.
- Australia: Bid For Pub Owner. New York Times, September 29, 2004
- Gore and Investors Buy Cable News Channel. New York Times, May 5, 2004
External links[edit]
- Blum Capital (company website)
|
Private equity and venture capital investment firms
|
||
|---|---|---|
| Investment strategy |
 |
|
| History | ||
| Investors | ||
  |
This article about a private equity or venture capital firm based in the United States is a stub. You can help Wikipedia by expanding it. |
