This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR With $348 million in trust, the SPAC was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Clearlake and Motive were advised by Wells Fargo as exclusive financial advisor, Sidley Austin LLP as legal counsel, Deloitte as accounting, tax, carveout and human resources counsel, BCG as commercial advisor, and Motive Create for technical due diligence. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. SND repurchased 5.18 million . MacKenzie will be paid an approximately $25,000 plus expenses. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Differentiated approach to investing This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. It is mandatory to procure user consent prior to running these cookies on your website. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. 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. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. Blackbaud Inc dropped approximately 0.1% in the past year. The deal is subject to regulatory approvals and other customary closing conditions,including theexpiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and certain customer consents. * Investors with a full data subscription can access data for any fund. /PRNewswire/ -- Clearlake Capital Group, . But opting out of some of these cookies may affect your browsing experience. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Announces Repurchase of All Common Stock Owned by Clearlake Capital. For more information, visit our Privacy Policy. The transaction is expected to be completed in the second half of 2021. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Together with Juniper, we believe Janus is uniquely positioned to drive considerable additional stakeholder value and look forward to our continued partnership., Our goal with Juniper was not only to find a great investment for our platform, but to also partner with an industry leading company with an abundant number of growth opportunities where our team can add significant value and resources, said Roger Fradin, Chairman of Juniper. And with so many firms seeking to raise funds, LPs have plenty of options. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. KKR Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. This category only includes cookies that ensures basic functionalities and security features of the website. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. agreement to acquire the BETA+ assets from London Stock Exchange Group . Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. More information is available at www.juniperindustrial.com. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. Past performance is a poor indicator of future performance. TEMPLE, GA, AND SANTA MONICA, CA, June 7, 2021 Janus International Group, Inc. (Janus or the Company), Clearlake Capital Group, L.P. (Clearlake) and Juniper Industrial Holdings, Inc. (Juniper) announced today the closing of Janus previously announced business combinationwith Juniper, a publicly-listed special purpose acquisition company (NYSE: JIH). BETA, Maxit and Digital Investor will operates as BetaNXT. . Upon completion of the transaction, Cornerstone will become a private company and shares of Cornerstone common stock will no longer be listed on any public market. There are currently 7 companies in Mr. Cannons portfolio. Will His AI Plans Be Any Different? Clearlake Capital Group, L.P. will pay $57.5 per share in cash. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. 57.1% of the portfolio companies 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. Clearlakes operational improvement approach is O.P.S. Operations. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. As a result . Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. This website uses cookies to improve your experience while you navigate through the website. Juniper and Janus undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. All rights reserved. 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. But it roughly doubled that size with each of its next three vehicles, climbing to $3.6 billion in 2017 and about $7 billion in 2020. Here is the complete portfolio . The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. 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 . Musk Made a Mess at Twitter. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. are based in the United States. Clearlake Media Contact. The Juniper team has a robust network of relationships within industrial and investment communities built over 60+ years of combined industry experience, and a deep understanding of industrial trends. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Necessary cookies are absolutely essential for the website to function properly. June 7, 2021 [email protected] . About; . The transaction is not subject to a financing condition. 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. Strategy. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are industrials, technology and consumer. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: 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 . We also use third-party cookies that help us analyze and understand how you use this website. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); . It sold the previously owned 5,511,703 shares for $316 million. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . More information is available at www.clearlake.com and on Twitter @Clearlake. 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. By clicking the button below, your credit card will be charged $24.00 USD (one time) and you'll have access to all Clearlake Capital Group data for 90 days. The estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. Delayed Nasdaq We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. Moelis & Company LLC is also acting as financial advisor to Juniper. 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.. This website uses cookies to improve your experience while you navigate through the website. This category only includes cookies that ensures basic functionalities and security features of the website. Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the "Sponsors"), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group ("LSEG"), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax . +447855910178. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. 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.. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Clearlake Capital Group was a net buyer of stock by $498M. 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. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. 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 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. These cookies do not store any personal information. CLEARLAKE CAPITAL GROUP, L.P., the Director of Smart Sand Inc., sale 1,265,137 shares at $1.91 during a trade that took place back on Sep 19, which means that CLEARLAKE CAPITAL GROUP, L.P. is . Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. Clearlake Capital Group serves customers in the State of California. Clearlake Capital Group, L.P. operates as an investment company. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. The total portfolio value may be much higher due to cash 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. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Certain statements in this communication may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Various inclusions are the ability for the board of directors to issue new preferred shares without shareholder approval and the ability for banking partners, Clearlake Capital Partners and . All rights reserved. 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. APO This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. We are equally as excited to welcome the Juniper team who I view as the perfect partners to help us and Clearlake drive the next chapter of growth for our company. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. The transaction is expected to close in the second half of 2022. All rights reserved. As a result of the transaction, Cornerstone is now a privately held company and shares of Cornerstone common stock are no longer listed on the public market. Central Index Key (CIK): 0001688282; By Donald Mazariegos Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in under Risk Factors in Part I, Item 1A of Junipers Form 10-K for the year ended December 31, 2020, Part II, Item 1A of Junipers Form 10-Q for the quarterly period ended March 31, 2021 and in Juniper and Januss other filings. Clearlake Media Contact - Lambert. The stock was Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. (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. Clearlake Capital Group, L.p. has filed a 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,977,485 shares of Blackbaud, Inc. ( BLKB ). 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. Founded in 2006 by Jose E. Feliciano and Behdad Eghbali, it now manages some $72 billion in assets, with most of its dealmaking focused on the tech, industrials and consumer sectors. 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 . Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . This weeks new fund blew past an initial target of $10 billion. The $57.50 per share purchase price represents a premium of approximately 31% to Cornerstone's unaffected closing stock price on June 1, 2021, the last full trading day prior to Clearlake filing a Schedule 13D in . Clearlake is one of several private equity firms to set its sights on pro sports in recent years. The transaction has an enterprise value of approximately $5.2 billion. 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. These positions were updated on August 15th based on the funds latest 13F filing. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) Smart Sand, Inc. (NASDAQ: 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 . 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. 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. acted as financial advisors to Clearlake. Recent trades. These cookies will be stored in your browser only with your consent. BX var __dcid = __dcid || []; Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. SAM TIDSWELL-NORRISH. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. More information is available at www.janusintl.com. Both Feliciano and Eghbali have a current net worth of $3.4 billion, according to Forbes, placing them among the worlds 1,000 wealthiest people. For more information please contact: JENNIFER HURSON. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. This leaves the value of the investment at $16.4 million and 8,200,204 shares. J.P. Morgan, BofA Securities, Ares, Golub, Antares, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies are providing the debt financing for the transaction. Necessary cookies are absolutely essential for the website to function properly. Finally, I want to recognize the accomplishments of the broader Janus team, as I could not be more proud of our management team and employees for consistently executing and offering our customers the best solutions in the industry., This is a tremendous outcome for Janus and Clearlake, and we are confident that Janus will be even better positioned as a public company to continue its impressive trajectory, said Jos E. Feliciano, Chairman of the Janus Board of Directors and Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. Clearlake is a leading private It also specializes in the middle and lower . 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. Clearlake is part of new generation of private equity powers that emerged in the 2000s and are now raising the sorts of massive capital pools that used to be the domain of long-established firms like Blackstone The Pennsylvania-based . With a sector-focused approach, the . and Apollo Global Management Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. $1.5 billion and $1.5 billion respectively. 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 . But it . Clearlake Capital Group is funded by 3 investors. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. * To download the data without a subscription, you can purchase 90-day access to a single fund (Clearlake Capital Group) for $24.00 USD (one time). In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Benzinga does not provide investment advice. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, . 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 remainder was financed through an unsecured promissory note issued to Clearlake. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. About Clearlake Capital Group, L.P. 2018 Cohesive Capital. We are fortunate to have had Clearlakes support and their technology and building products expertise over the last several years as we built new software-based solutions and closed on several accretive acquisitions. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. In this episode, hear how Yee introduced Jay Electronica to Jay Z, why she decided to book Eminem for one of his first shows, and how she's expanded her empire to include real estate and a new coffee venture. But the tides have turned. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Mehdi Khodadad, Nicholas M. Schwartz, Kristen L. Smith, Matthew B. Walker, Johnny G. Skumpija, Eric Kauffman, Teresa L. Reuter, Peter McCorkell, Rachel D. Kleinberg, Stacy Crosnicker, Marian Fielding, Karen Kazmerzak, Ken Daly, Elizabeth Chen, Sara B. Brody, Craig Francis Dukin, Sven De Knop, Barbara Broussard, Alan Charles Raul, and Scott Williams of Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Clearlake in the connection with the acquisition and debt financing. The completion of this transaction and our listing on the NYSE signifies a tremendous milestone for Janus as we continue executing on our compelling growth plans, said Ramey Jackson, CEO of Janus. Stephen C. Daffron, Industry Partner at Motive Partners, named Chairman and Chief Executive Officer, Caroline O'Connell, Industry Partner at Motive Partners, to serve as Chief Administrative Officer, Don Henderson appointed Chief Technology Officer, Tim Rutka as President of BETA, and Michael Pass as President of Maxit and Digital Investor. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Currently, their heaviest sector is Technology making up 61.9% of We own and operate premium Northern White sand mines and related processing facilities in Wisconsin and Illinois, which have direct access to four Class I rail lines, allowing us to deliver products substantially anywhere in the United States and Canada. Managing Director, Motive Partners +447855910178. 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. Lambert. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . Javascript is disabled or is not supported by your browser. Lee BeckelmanPhone: (281) 231-2660Email: [email protected]. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company.