Capitol Success Stories
CAPITOL I
In October 2009, Capitol Acquisition Corp. created Two Harbors Investment Corp., a Maryland real estate investment trust. Two Harbors has grown from $119 million to more than $4.4 billion of market capitalization (including a spin-off) and is the third-largest mortgage REIT in the United States.
CAPITOL II
In July 2015, Capitol Acquisition Corp. II merged with Lindblad Expeditions, Inc., a global leader in expedition cruising across all seven continents. The $439 million transaction enabled Lindblad to pursue attractive future growth opportunities including new ship builds and potential acquisitions.
CAPITOL III
In June 2017, Capitol Acquisition Corp. III merged with Cision, a leading global provider of cloud-based earned media solutions. The $2.4 billion transaction enabled Cision to pay down debt, refinance its existing capital structure and pursue future organic growth and M&A opportunities.
CAPITOL IV
In July 2019, Capitol Investment Corp. IV merged with Nesco, a leading specialty equipment rental provider to the electric utility, telecom and rail end-markets. The $1.1 billion transaction enabled Nesco to pay down debt and refinance its existing capital structure and invest in fleet expansion to capture unmet demand.
Mr. Calcano has served as a member of our Board of Directors since December 2018. Mr. Calcano is the Chairman and Chief Executive Officer of Institutional Capital Network, Inc. (or iCapital Network). Mr. Calcano began working with iCapital shortly after its 2013 founding to lead key strategic and business development initiatives. iCapital is a technology platform for the alternative investment marketplace that currently has about $63 billion of assets operated and managed on its platform. Throughout Mr. Calcano’s tenure, iCapital has completed seven acquisitions and has also grown significantly on an organic basis. Mr. Calcano has a long affiliation with the Capitol team. From September 2007 until its merger with Two Harbors in October 2009, Mr. Calcano served as a member of the Board of Directors of Capitol I. From March 2013 until its merger with Lindblad Expeditions, Mr. Calcano also served as a member of the Board of Directors of Capitol II. From September 2015 until its merger with Cision in June 2017, Mr. Calcano also served as a member of the Board of Directors of Capitol III. From June 2017 until its merger with Nesco, Mr. Calcano served as a member of the Board of Directors of Capitol IV. From 1990 to June 2006, Mr. Calcano was affiliated with Goldman, Sachs & Co., most recently serving as the co-head of the Global Technology Banking Group of the Investment Banking Division, prior to which he headed the firm’s east coast technology group and was the co-Chief Operating Officer of the High Technology Department. From 1985 to 1988, Mr. Calcano was an analyst at Morgan Stanley. Mr. Calcano was named to the Forbes Midas List of the most influential people in venture capital in 2001 (the inaugural year), 2002, 2004, 2005 and 2006. Mr. Calcano received a B.A. from College of the Holy Cross, and attended the Amos Tuck School of Business at Dartmouth College from 1988 to 1990, graduating as a Tuck Scholar.