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Sterling Infosystems, a background checking company owned by management and San Francisco-based private equity firm Calera Capital has acquired Vancouver, Canada-based BackCheck. BackCheck is a also provider of background checking products and services. PRESS RELEASE Sterling Infosystems, Inc., a company owned by management and Calera Capital, a San Francisco based private equity firm, today announced [...]
Sterling Infosystems, which is backed by Calera Capital, has acquired Acxiom Information Security Services. The seller was Acxiom Corp. Financial terms weren’t announced. Acxiom Information Security is a background screening company.
New York-based Sterling Infosystems, which provides employment and background screening services, has inked an undisclosed amount of financing from middle-market private equity shop Calera Capital. The companies did not disclose the size of Calera’s stake in Sterling. Paul Walsh, a Calera partner, will join Sterling as board chairman. Calera’s Mark Williamson and Michael Moon will also serve as directors. Sterling’s current chief executive and president will continue to lead the company.
Calera Capital has acquired a majority stake in Rock-It-Cargo LLC, a Philadelphia-based provider of specialty freight forwarding and logistics services. No pricing terms for the all-equity deal were disclosed.
Ironshore Inc., a Bermuda-based insurance company founded in 2007, has revealed more information about a recent $300 million capital infusion. As previously reported new investor GTCR will contribute $200 million. We now also know that Wellington Management will invest $50 million, while return backer Calera Capital will invest the remaining $50 million. Ironshore was launched in late 2006 with a $1 billion capitalization, including $200 million in equity from Calera, Irving Place Capital, Corporate Partners, TowerBrook Capital Partners and Greenhill Capital Partners.
LoopNet Inc. (Nasdaq: LOOP) has agreed to sell $50 million in convertible preferred stock to Calera Capital and existing backers Trinity Ventures and Rustic Canyon Partners. The securities would be convertible into LoopNet common stock at $6.72 per share, or a 10% premium to Friday’s closing price. LoopNet is a San Francisco–based online marketplace for commercial real estate and businesses for sale in the United States.
Calera Capital (f.k.a. Fremont Partners) has closed its fourth fund with $700 million in capital commitments, according to LBO Wire. The San Francisco-based buyout firm had been targeting $1.25 billion. www.caleracapital.com