The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. Vector Capital will make minority investment at closing. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . 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 . The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . The firm believes that demand is due to the success of its past two funds. I write about buyouts, mergers, acquisitions and other dealmaking. sam@motivepartners.com . It is mandatory to procure user consent prior to running these cookies on your website. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. .. 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. June 7, 2021 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. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. 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 Clearlake . With a sector-focused approach, the . The transaction was unanimously approved by Cornerstone's Board of Directors. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. 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. 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. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. For more information, please visitwww.smartsand.com. The transaction is not subject to a financing condition. Central Index Key (CIK): 0001688282; Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. For more information, visit our Privacy Policy. The transaction has an enterprise value of approximately $5.2 billion. The rating was released on June 29, 2021, according to finviz. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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. Funding. There are currently 7 companies in Mr. Cannons portfolio. This is a BETA experience. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. jhurson@lambert.com . Musk Made a Mess at Twitter. 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. Lambert. Copyright 2023 Surperformance. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. All rights reserved. Janus International Group (Janus) is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions and new technologies, including: automation and access control technologies, roll up and swing doors, hallway systems, re-locatable storage units, and much more. 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. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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 . More information is available at www.clearlake.com and on Twitter @Clearlake. They manage We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. The fund focuses on investments in the United States as 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.. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. The majority of the companies in the funds portfolio are small-cap stocks. Do Not Sell My Personal Data/Privacy Policy. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: 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. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. 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. All rights reserved. ABOUT CLEARLAKE. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Positions held by Clearlake Capital Group consolidated in one spreadsheet with up to 7 years of data, Clearlake Capital Group holds 7 positions in its portfolio as reported in the December 2022 quarterly 13F filing, SEC 13F filings are viewable for Clearlake Capital Group going back to 2020. 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. SAM TIDSWELL-NORRISH. It sold the previously owned 5,511,703 shares for $316 million. About; . Please. I want to thank Clearlake for its long-term commitment to Smart Sand. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Clearlake Capital Group. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Clearlake Capital Group is funded by 3 investors. acted as financial advisors to Clearlake. This represents 12.4 percent ownership of the company. For more information please contact: JENNIFER HURSON. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. By continuing to browse, you hereby agree to the use of cookies. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . This leaves the value of the investment at $16.4 million and 8,200,204 shares. BX 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. 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. (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. This website uses cookies to improve your experience while you navigate through the website. 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. This website uses cookies to improve your experience while you navigate through the website. 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 . JENNIFER HURSON +1-845-507-0571. The stock is now traded at . CHARLOTTE, N.C. and SANTA MONICA, Calif., March 2, 2023 /PRNewswire/ -- Discovery Education (or the "Company"), a global edtech company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake "), today announced the appointment of Jeremy Cowdrey as Chief Executive Officer (CEO). You also have the option to opt-out of these cookies. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. US :BLKB. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. Clearlake Capital Group was a net seller of stock by $-28M. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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. And its already been busy putting its new pool of capital to work. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in We also use third-party cookies that help us analyze and understand how you use this website. investment firm founded in 2006. 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 . Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in Juniper or Januss filings with the SEC. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. About Clearlake Capital Group, L.P. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. 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. Delayed Nasdaq 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. and Apollo Global Management Moelis & Company LLC is also acting as financial advisor to Juniper. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics This category only includes cookies that ensures basic functionalities and security features of the website. Vivek K Chandy, Shafaq Sapre, Kumarmanglam Vijay, Shareen Gupta, Karthik BM, Vaibhav Choukse, Anjana Potti and Preetha S of J. Sagar Associates acted as legal advisor to Clearlake Capital Group, L.P. and Motive Capital Management, LLC on the Indian leg of their acquisition of BETA+ assets from Refinitiv India, a London Stock Exchange Group company. 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. Clearlake Media Contact. As a result . 2018 Cohesive Capital. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. The firm has offices in Santa Monica and Dallas. More information is available at www.juniperindustrial.com. BETA, Maxit and Digital Investor will operates as BetaNXT. 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. The promissory note will mature on December 15, 2023. Currently, their heaviest sector is Technology making up 61.9% of Benzinga does not provide investment advice. Delayed London Stock Exchange Clearlake is one of several private equity firms to set its sights on pro sports in recent years. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. More information is available at www.janusintl.com. 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. These cookies do not store any personal information. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. 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. BETA, Maxit and Digital Investor will operates as BetaNXT. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. 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. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Intertape for CAD 40.50 per share in an all-cash transaction valued . Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. What Will New Tax Laws Mean For Your Business? 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., 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 . We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Such forward-looking statements are based on the current beliefs of the respective management of Janus and Juniper, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. Clearlake Capital Group is a private investment firm founded in 2006. 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. Here is the complete portfolio . 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. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. var __dcid = __dcid || []; 2023 Benzinga.com. 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. The transaction is expected to be completed in the second half of 2021. 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. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. 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 . Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. This category only includes cookies that ensures basic functionalities and security features of the website. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. Past performance is a poor indicator of future performance. Clearlake Capital Group serves customers in the State of California. 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. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. Differentiated approach to investing 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. All rights reserved. Quickly find out what the most recently closed or increased positions are. Javascript is disabled or is not supported by your browser. 2022-02-14 20:23. Blackbaud Inc dropped approximately 0.1% in the past year. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations.
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