SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. 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, . Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Are Chelsea going to knock down Stamford Bridge? Latest on 1.5 billion Clearlake Capital Group was a net buyer of stock by $498M. are based in the United States. 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 . 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. 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. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by About Clearlake. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm 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 million, of which $4.42 million was paid in cash . Radio personality and budding entrepreneur Angela Yee describes her youth in the New York City hip hop scene, her first radio job at Shade 45 and how she played a central role in bringing together some of the biggest names in music. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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. With a sector . Clearlake Capital to Acquire Confluence from TA Associates - PR Newswire 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 ). Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. 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 . 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. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. 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. This leaves the value of the investment at $16.4 million and 8,200,204 shares. All rights reserved. Moelis & Company LLC is also acting as financial advisor to Juniper. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. These cookies will be stored in your browser only with your consent. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Endurance International Group Announces Agreement to be Clearlake Capital Group - Funding, Financials, Valuation & Investors 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. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. The total portfolio value may be much higher due to cash Clearlake Capital Group LP - Company Profile and News Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. 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. Do Not Sell My Personal Data/Privacy Policy. 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 "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. the total portfolio value. Untangling Motive And Clearlake's Median Communications Deal | Wealth KKR 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. These cookies will be stored in your browser only with your consent. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The fund focuses on investments in the United States as Funding. 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. For more information, visit our Privacy Policy. 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. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. 2023-02-28 | NDAQ:SND | Press Release | Smart Sand Inc. It is mandatory to procure user consent prior to running these cookies on your website. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. 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. This represents 12.4 percent ownership of the company. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". You also have the option to opt-out of these cookies. The majority of the companies in the funds portfolio are small-cap stocks. 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. 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 . Intermediate Capital : The group going all in on single-asset Vector Capital will make minority investment at closing. But the tides have turned. Recent trades. These cookies do not store any personal information. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. 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 . A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . Currently, their heaviest sector is Technology making up 61.9% of They manage Clearlake Capital Group, L.P. and Motive Capital Management, LLC entered into a definitive agreement to acquire BETA, Maxit and Digital Investor assets from London Stock Exchange Group plc (LSE:LSEG) for $1.1 billion on March 21, 2022. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. IAPD - Investment Adviser Public Disclosure - Homepage SAM TIDSWELL-NORRISH. jhurson@lambert.com . Clearlake Capital Group, L.p. increases ownership in BLKB - Fintel Copyright 2023 Surperformance. Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto The third-largest holding is BlackLine Inc worth $361 million and the next is Holley Inc worth $28.9 million, with 2,750,000 shares owned. 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 . Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. Clearlake Capital and Motive Partners agree to acquire BETA+ from Clearlake Capital Group was a net seller of stock by $-28M. This category only includes cookies that ensures basic functionalities and security features of the website. Clearlake Capital Group - Tech Stack, Apps, Patents & Trademarks Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. This website uses cookies to improve your experience while you navigate through the website. The firm has offices in Santa Monica and Dallas. People. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. The average market cap of the portfolio companies is close to $1.94 billion. 14% of the total holdings value. 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. 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.. 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. 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. Jose Mourinho sent-off again as Cremonese finally win a match in Serie 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 . Our industry is at a critical juncture as our customers begin modernizing and adopting our technologies and invest in upgrading existing and new facilities, added Mr. Jackson. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Clearlake is a leading private All rights reserved. Clearlake Media Contact. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. 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. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . The stock was Blackbaud Inc dropped approximately 0.1% in the past year. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. Smart Sand (SND) Announces Repurchase of All Common Stock Owned by On March 21, 2022, private equity firms Clearlake Capital Group and Motive Partners acquired business services company BetaNXT from London Stock Exchange Group for 1.1B USD Acquisition Highlights. 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 Capital Group and Motive Partners Acquire BetaNXT Smart Sand's Financial Position Is Quickly Deteriorating 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. The Shares represent all of the common stock owned by Clearlake and approximately 11.3% of the outstanding shares of the Company's common stock immediately prior to the purchase. acted as financial advisors to Clearlake. For more information please contact: JENNIFER HURSON. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. . Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. var __dcid = __dcid || []; Clearlake Capital Group, L.P. will pay $57.5 per share in cash. Clearlake Capital Group to Acquire Unifrax From American Securities 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. investment firm founded in 2006. Intertape Polymer Group Inc. ("IPG") Enters into 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 . . Clearlake Capital | Portfolio SEC Filings include 13F quarterly reports, 13D/G events and more. It also specializes in the middle and lower . Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. By Donald Mazariegos The transaction is expected to close in the second half of 2022. ABOUT CLEARLAKE. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. There are currently 7 companies in Mr. Cannons portfolio. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. 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 . Differentiated approach to investing 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.
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