Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Clearlake Capital Group - Recent News & Activity Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake Media Contact - Lambert. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information And with so many firms seeking to raise funds, LPs have plenty of options. It is mandatory to procure user consent prior to running these cookies on your website. With a sector . Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 57.1% of the portfolio companies The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. . Announces Repurchase of All Common Stock Owned by Clearlake Capital. Clearlake Capital and Motive Partners agree to acquire BETA+ from Clearlake wrapped up fundraising for its seventh flagship vehicle with $14.1 billion in commitments, doubling the size of its predecessor, which closed on about $7 billion a little more than two years ago. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.. Chelsea marks its first foray into pro sports. Clearlake Capital to Acquire Confluence from TA Associates - PR Newswire The stock was These include Viewport Meta , IPhone / Mobile Compatible , and SPF. These cookies will be stored in your browser only with your consent. Shares +10.2% at $1.95 after hours. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . and Apollo Global Management SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . The information on this site is in no way guaranteed for completeness, accuracy or in any other way. LSEG to divest BETA+ to Clearlake and Motive and enters strategic Private equity firms Clearlake Capital Group and Motive Partners acquired BetaNXT from the London Stock Exchange in 2022 and are looking to expand its market presence in the U.S. The total portfolio value may be much higher due to cash Clearlake Capital and Motive Partners Agree to Acquire BETA+ from Musk Made a Mess at Twitter. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. A slumping stock market means many LPs dont have as much capital to pump into PE as predicted, for fear of growing overexposed to the asset class. The Financial Balancing Act Of 2023: Prioritizing Sustainable Growth, 12 Essential Things To Know Before Leveraging Tax Equity Investments, 3 Emerging Trends In Silicon Valley's Unicorn Market, Three Ways To Shore Up Your Risk Management Practices. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. ( SND) (the "Company") announced today that it has repurchased 5.18 million shares of the Company's common stock (the "Shares") from Clearlake Capital Partners II (Master), L.P., an affiliate of Clearlake Capital Group ("Clearlake"), for approximately $8.85 million, of which $4.42 million was paid in cash and the . In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. The Company invests and focuses on private equity, communications, health care, and industrial companies. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Clearlake acquired Janus in 2018, and the Company has grown tremendously over the last several years, introducing numerous new software-based access control technologies and acquiring several critical accretive business lines. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. It sold the previously owned 5,511,703 shares for $316 million. When used in this communication, words such as may, should, could, would, expect, plan, anticipate, believe, estimate, continue, or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. 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The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. The firm's core target sectors are technology, industrials, and consumer. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. Clearlake Capital Group, L.p. increases ownership in BLKB - Fintel Clearlake Capital Group serves customers in the State of California. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Clearlake Capital Group, L.P. entered into a definitive agreement to acquire Intertape Polymer Group Inc. (TSX:ITP) from individual shareholders and others for CAD 2.5 billion on March 7, 2022. Bloomberg reported last month that Blackstone, Apollo and TPG are all offering investors the option to delay commitments to their latest flagship funds until 2023. We produce low-cost, high quality Northern White sand, which is a premium sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. Cornerstone OnDemand, Inc. acquired EdCast Inc. Jose Mourinho sent-off again as Cremonese finally win a match in Serie 53,999,550 shares of Janus International Group In worth $488 million, Holley Inc worth $28.9 million, with 2,750,000 shares owned, Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million, Blackbaud Inc total 9,751,837 shares worth $566 million. The formal close comes about two weeks after Clearlake agreed to buy a major stake in Chelsea FC as part of a high-profile auction for the West London soccer club. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . THE BIGGER PICTURE: A 1.5 billion ($1.8bn) project is said to be in the pipeline, with Todd Boehly and the Blues' Clearlake Capital ownership group ready to press ahead with rebuilding plans.It . It primarily invests in the industrial and energy sectors, technology and software, and consumer services. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. the total portfolio value. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . Clearlake Capital Group | Company Profile | Private Equity International KKR About Clearlake. These cookies will be stored in your browser only with your consent. This website uses cookies to improve your experience while you navigate through the website. Qatalyst Partners LP and Centerview Partners LLC acted as financial advisors and fairness opinion provider and Jamie Leigh, Rachel Proffitt, Matt Silverman and Ben Beerle led team and Tracy Rubin, Barbara Mirza, Mischi A Marca, Megan Browdie, Howard Morse, Sarah Lightdale, David Silverman, Todd Gluth, Stella Sarma, Christine Graham, Kevin King, Christopher Kimball, Alexander Israel, Jason Savich, and David Navetta of Cooley LLP acted as legal counsel to Cornerstone. On October 3, 2022, Clearlake Capital Group, L.P. announced that it has engaged in and/or may engage in communications with, among others, members of Blackbaud, Inc's management, members of the Company's board of directors, shareholders of the Company, advisors or other persons, regarding, among other things, the review and evaluation of strategic alternatives, opportunities to increase . Clearlake Capital Group has raised 1 round. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). in a $2 billion cash-and-stock sale to Penn National Gaming Inc. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Clearlake Capital Group - Tech Stack, Apps, Patents & Trademarks Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. Clearlake Capital Group Closes Sixth Flagship Private Equity - Insider +1-845-507-0571. Clearlake Capital Group Clearlake Capital Group - Slintel These cookies do not store any personal information. Clearlake Capital Group was a net seller of stock by $-28M. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Clearlake provided the Company with initial capital in 2012 to begin developing our Oakdale facility and has been a good partner for the Company over the last eleven years.". Morgan Stanley (NYSE:MS), Rothschild & Co SCA (ENXTPA:ROTH), JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS), BofA Securities, Inc., Barclays PLC (LSE:BARC), Jefferies LLC and William Blair & Company, L.L.C. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. The group has backed some of the largest and highest-profile single-asset continuation funds in recent years, including writing a 500 million cheque for a process involving nuclear medicine company Curium Pharma, managed by CapVest; investing $1 billion in a process on software company DigiCert, managed by Clearlake Capital; underwriting . Clearlake Capital Group, L.P. completed the acquisition of Intertape Blackbaud Guides For Full Year 2023 EPS of $3.30-$3.60 on Revenue of $1.08-$1.11 Billio.. Earnings Flash (BLKB) BLACKBAUD Posts Q4 EPS $0.68, vs. Street Est of $0.60, Stifel Nicolaus Adjusts Blackbaud Price Target to $70 From $85, Maintains Hold Rating. Copyright 2023 Surperformance. All subsequent written or oral forward-looking statements attributable to Janus or Juniper or persons acting on its behalf are qualified in their entirety by this paragraph. Comments are Off, Janus, a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and commercial industrial sectors, will begin trading on the NYSE under ticker JBI. The majority of the companies in the funds portfolio are small-cap stocks. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Clearlake provided much of the financing for a victorious group led by billionaire Todd Boehly, with Sky News reporting the firm will own about 60% of the teams shares. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Forward-looking statements speak only as of the date they are made, and neither Janus nor Juniper is under any obligation, and each of them expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. The Janus team operates out of several U.S. locations and six locations internationally. In addition to factors previously disclosed in Juniper and Januss reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) the effect of the merger on Januss business relationships, operating results, and business generally; (ii) failure to realize the benefits expected from the transaction; (iii) risks that the merger disrupts Januss current plans and operations and potential difficulties in Januss employee retention as a result of the merger; (iv) the effects of pending and future legislation; (v) risks related to disruption of management time from ongoing business operations due to the transaction; (vi) the amount of the costs, fees, expenses and other charges related to the merger; (vii) risks of the self-storage industry; (viii) the highly competitive nature of the self-storage industry and Januss ability to compete therein; (ix) litigation, complaints, and/or adverse publicity; (x) the ability to meet NYSEs continued listing standards following the consummation of the transaction and (xi) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss. People. US :BLKB. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Clearlake Capital Group to Acquire Unifrax From American Securities (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. For more information, visit our Privacy Policy. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Capital Group. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . that closed in April. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Are Chelsea going to knock down Stamford Bridge? Latest on 1.5 billion Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Smart Sand stock jumps 10% after buying Clearlake's entire stake in company Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. London Stock Exchange Group plc ("LSEG") today announces it has agreed to divest BETA, Maxit and Digital Investor (collectively "BETA+") to affiliates of Clearlake Capital Group L.P ("Clearlake") and Motive Partners ("Motive") for a total cash consideration of $1,100 million ("the Transaction"), before tax and separation costs. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We could not be more excited that Ramey and the broader Janus and Clearlake teams are our partners here, and we look forward to leveraging our teams decades of industrial and access control experience to support Janus strategic vision.. Clearlake Capital Group Company Profile - Craft Clearlake Capital Completes Acquisition of Cornerstone OnDemand Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Clearlake, though, didnt wait around. We also use third-party cookies that help us analyze and understand how you use this website. ng-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are technology, industrials and consumer. When 2022 began, there was talk that it could be a record-setting year for private equity fundraising, with firms seeking to refill their coffers after a spending spree for the ages in 2021. This data is downloadable for data subscribers. But it . Recent trades. SND repurchased 5.18 million . Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. . Currently, their heaviest sector is Technology making up 61.9% of var __dcid = __dcid || []; Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Differentiated approach to investing According to the last 13-F report filed with the SEC, John Cannon serves as the Managing Director, Deputy General Counsel and CCO at Clearlake Capital Group, L.P.. 2018 Cohesive Capital. Leah Sauter, Peter Harwich, Lisa Watts, Eric Kamerman, Jennifer Pepin, Farrell Malone, Kelly Fayne, Steven Betensky, Tony Kim, Andrew Galdes, Drew Levin, Anna Ngo, Edward Barnett and Farah O'Brien of Latham & Watkins LLP acted as legal advisor for London Stock Exchange Group plc in the transaction. All rights reserved. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Copyright 2023 Surperformance. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Clearlake Media Contact. Now, Mediant's technology will join the three pieces Clearlake and Motive acquired a year ago for $1.1 billion from Refinitiv, a part of the London Stock Exchange Group (at which time a . In May 2022, Clearlake announced the final closing of its seventh flagship private equity fund with more than $14.1 billion in commitments, against a $10 . . Clearlake Capital Group Announces Senior Promotions and New Additions The Firm invests in both private and public transactions. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . Clearlake is a leading private This category only includes cookies that ensures basic functionalities and security features of the website. "Bloomberg Opinion" columnists offer their opinions on issues in the news. 2018 Cohesive Capital. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. This leaves the value of the investment at $16.4 million and 8,200,204 shares. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. Managing Director, Motive Partners +447855910178. Transaction builds on firm's end-to-end wealth solutions software platform, adds investor communications and proxy solutions BetaNXT, a provider of wealth management infrastructure software with . Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 3,774,352 additional shares.