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. Clearlake and Motive-Backed Software Platform BetaNXT Expands Shares +10.2% at $1.95 after hours. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. All statements other than statements of historical fact included in this communication are forward-looking statements. As a result . Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. 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. jhurson@lambert.com . Clearlake Capital Group, L.P. entered into a definitive agreement to acquire remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) for $3.8 billion on August 5, 2021. Clearlake Capital Clearlake Capital Group is funded by 3 investors. are based in the United States. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. 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. Clearlake Capital Group - Recent News & Activity But the tides have turned. Clearlake Capital Group, L.P. 13F annual report - wallmine Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. We also use third-party cookies that help us analyze and understand how you use this website. 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 . 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. 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. Smart Sand's Financial Position Is Quickly Deteriorating Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. The fund focuses on investments in the United States as Clearlake Capital Completes Acquisition of Cornerstone OnDemand Cornerstone OnDemand enters definitive agreement to - Clearlake Capital Sports & Betting Group Of The Year: Paul Weiss - Law360 Clearlake Capital Group, L.P. will pay $57.5 per share in cash. More information is available at www.clearlake.com and on Twitter @Clearlake. MacKenzie will be paid an approximately $25,000 plus expenses. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. 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 shareholder value, the Company operations, governance and control, and other matters related to the Company. Mark Partin Sells 10,000 Shares of BlackLine, Inc. (NASDAQ:BL) Stock 3,774,352 additional shares. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. Cornerstone has agreed to pay Centerview an aggregate fee of $24 million, $4 million of which was payable upon the rendering of Centerview's opinion and the remainder of which is payable contingent upon consummation of the Transaction. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. The investment fund also strengthened its position in Blackbaud Inc by buying 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 . . The information on this site is in no way guaranteed for completeness, accuracy or in any other way. I want to thank Clearlake for its long-term commitment to Smart Sand. Quickly find out what the most recently closed or increased positions are. 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. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. 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 rating was released on June 29, 2021, according to finviz. /PRNewswire/ -- Clearlake Capital Group, . Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. We are a fully integrated frac and industrial sand supply and services company. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto 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. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. For more information, visit our Privacy Policy. LSEG to divest BETA+ to Clearlake and Motive and enters strategic 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. "Bloomberg Opinion" columnists offer their opinions on issues in the news. Clearlake Capital Group - stockzoa The Company invests and focuses on private equity, communications, health care, and industrial companies. (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. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. 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. Janus, a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other commercial and industrial sectors, will begin trading on June 8, 2021 on the New York Stock Exchange (NYSE) under the ticker symbol JBI. 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.. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Are Chelsea going to knock down Stamford Bridge? Latest on 1.5 billion US :BLKB. Currently, their heaviest sector is Technology making up 61.9% of BETA, Maxit and Digital Investor will operates as BetaNXT. 2023 Benzinga.com. Janus now serves over 10,000 customers on a global basis and has established itself as a leader in the broader commercial and self-storage ecosystems, providing innovative solutions that address unique and growing market needs, including Janus proprietary Nok access control solution that supports the Companys first-mover advantage in a nascent but large, addressable market for smart facilities and wireless management technologies. Clearlake Sells Majority Interest in Floworks to Wynnchurch Capital Musk Made a Mess at Twitter. Junipers management team has a proven track record of identifying market-leading technologies across the industrial spectrum, and an affinity for businesses with strong brands and mission-critical offering. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. More information is available at www.juniperindustrial.com. . SND repurchased 5.18 million . On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Moelis & Company LLC is also acting as financial advisor to Juniper. Necessary cookies are absolutely essential for the website to function properly. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. +447855910178. Clearlake Capital-Backed Discovery Education Names EdTech Veteran The total portfolio value may be much higher due to cash Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. About Clearlake. 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. agreement to acquire the BETA+ assets from London Stock Exchange Group . Smart Sand, Inc. Javascript is disabled or is not supported by your browser. 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. 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 . Clearlake Media Contact. Exempt Reporting Advisers ("ERA") are investment advisers that are not required to register as investment advisers because they rely on certain exemptions from registration under sections 203(l) and 203(m) of the Investment Advisers Act of 1940 and related rules. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in All rights reserved. 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. Vector Capital will make minority investment at closing. Clearlake Capital Group was a net seller of stock by $-28M. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. .. Baird Adjusts Price Target on Blackbaud to $66 From $70, Maintains Neutral Rating, Transcript : Blackbaud, Inc., Q4 2022 Earnings Call, Feb 14, 2023, Blackbaud Q4 Adjusted Earnings Drop; Revenue Rises; Sets Full-Year 2023 Outlook, Blackbaud, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022. I write about buyouts, mergers, acquisitions and other dealmaking. JENNIFER HURSON +1-845-507-0571. You also have the option to opt-out of these cookies. the total portfolio value. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . Will His AI Plans Be Any Different? 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. 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 . Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Clearlake Capital and Motive Partners agree to acquire BETA+ from Clearlake is one of several private equity firms to set its sights on pro sports in recent years. Clearlake Capital Group has raised 1 round. You may opt-out by. 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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS SEC Filings include 13F quarterly reports, 13D/G events and more. var __dcid = __dcid || []; Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . The firm has deployed its seventh fund for a $2.6 billion takeover of Intertape Polymer Group, a reported $5.4 billion acquisition of Quest Software and a half-dozen other deals to date. Clearlakes operational improvement approach is O.P.S. Operations. 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 transaction is expected to close in the second half of 2022. $1.5 billion and $1.5 billion respectively. APO What Will New Tax Laws Mean For Your Business? Clearlake Capital Group, L.P. and Motive Capital Management, LLC completed the acquisition of BETA, Maxit and Digital Investor assets from London Stock Exchange Group plc (LSE:LSEG) on July 1, 2022. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. (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. BETA, Maxit and Digital Investor will operates as BetaNXT. This website uses cookies to improve your experience while you navigate through the website. Clearlake Capital Group, L.p. is the Director, 10% Owner of Janus International Group Inc and owns about 1,693,600 shares of Janus International Group Inc (JBI) stock worth over $18 Million.Clearlake Capital Group, L.p. is also the Director, 10% Owner of Smart Sand Inc and owns about . The stock is now traded at . Clearlake Capital Group to Acquire Unifrax From American Securities After this action, CLEARLAKE CAPITAL GROUP, L.P. now owns 5,175,688 shares of Smart Sand Inc., valued at $3,459,116 using the latest closing price. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. 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.
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