Investment Summary

Calera Capital Invests In Transaction Services Group

On November 8, 2015, private equity firm Calera Capital invested in software company Transaction Services Group from Direct Capital

Investment Highlights
  • This is Calera Capital’s 1st transaction in the Software sector.
  • This is Calera Capital’s 1st transaction in New Zealand.
Investment Fate
  • Transaction Services Group was sold to a consortium of financial buyers in 2019.
  • Transaction Services Group merged with another company in 2021.

Investment Summary

Date 2015-11-08
Target Transaction Services Group
Sector Software
Investor(s) Calera Capital
Sellers(s) Direct Capital
Deal Type Stake Purchase

Target

Transaction Services Group

Auckland, New Zealand
Transaction Services Group is an outsourced provider of highly differentiated solutions and technology that enables businesses to efficiently accept recurring payments from customers. Transaction Services Group was founded in 2007 and is based in Auckland, New Zealand.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.


DEAL STATS #
Overall 26 of 36
Sector: Software M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Sterling

Independence, Ohio, United States

Sterling is a provider of criminal background checks, employment and education verification, drug testing and other pre-employment related screening services. Sterling was founded in 1975 and is based in Independence, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Sleepy’s

West Springfield, Massachusetts, United States

Sleepy’s, The Mattress Professionals®, is a privately-owned fourth generation company with over 800 retail locations in thirteen states, spanning from New Hampshire to North Carolina and available nationally through www.sleepys.com.

Sell $780M

Seller(S) 1

SELLER

Direct Capital

Auckland, New Zealand

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.7B NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Direct Capital is a private investment firm focused on private equity and venture capital investments in Australia and New Zealand. Direct Capital's later stage investment area looks to commit NZ$20 to NZ$80 million in companies with revenues up to NZ$300 million. Target sectors include retail, food, consumer products, healthcare services, distribution, life science, and manufacturing. Prospective transaction situations include successions, management buyouts, expansions, acquisitions, and pre-IPO placements. Direct Capital was formed in 1994 and is based in Auckland, New Zealand.


DEAL STATS #
Overall 15 of 18
Sector: Software M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: New Zealand M&A 13 of 16
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Energyworks

Brisbane, Australia

Energyworks Ltd. is a provider of mechanical services to the onshore oil and gas,power generation and petrochemical industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 New Zealand Pharmaceuticals

Palmerston North, New Zealand

New Zealand Pharmaceuticals Ltd. is a developer and manufacturer of biopharmaceutical products including high purity bile acids, specialized blood group products, complex carbohydrates, and other pharmaceutical intermediates. New Zealand Pharmaceuticals Ltd. was founded in 1971 and is based in Palmerston North, New Zealand.

Sell -