Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Do Not Sell My Personal Data/Privacy Policy. What Will New Tax Laws Mean For Your Business? 2018 Cohesive Capital. By continuing to browse, you hereby agree to the use of cookies. 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 . Copyright 2023 Surperformance. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. The transaction is not subject to a financing condition. 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 . Javascript is disabled or is not supported by your browser. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); The firm's core target sectors are technology, industrials, and consumer. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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 . Clearlake, though, didnt wait around. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. It also specializes in the middle and lower . The rating was released on June 29, 2021, according to finviz. 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. 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. "We believe this buyout of Clearlake's equity position demonstrates our focus on shareholder returns and is a good investment in the future of Smart Sand. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. ABOUT CLEARLAKE. 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. var __dcid = __dcid || []; More information is available at www.clearlake.com and on Twitter @Clearlake. This category only includes cookies that ensures basic functionalities and security features of the website. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. 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. 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.. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. As of 8th August 2022, Clearlake Capital Group, L.P.s top holding is 9,751,837 shares of Blackbaud Inc currently worth over $566 million and making up 37.8% of the portfolio value. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". 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 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 has ascended into the upper echelons of private equity fundraising with some serious speed. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. The Firm invests in both private and public transactions. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . You also have the option to opt-out of these cookies. 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. 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. Shares +10.2% at $1.95 after hours. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Funding. $1.5 billion and $1.5 billion respectively. 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. 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. 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. This website uses cookies to improve your experience while you navigate through the website. JENNIFER HURSON +1-845-507-0571. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. By continuing to browse, you hereby agree to the use of cookies. About; . For more information, please visitwww.smartsand.com. All rights reserved. The firm has offices in Santa Monica and Dallas. Blackbaud Inc dropped approximately 0.1% in the past year. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). As a result of the transaction, Cornerstone is now a privately held company and . Founded in 2006, Clearlake 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. It is mandatory to procure user consent prior to running these cookies on your website. The Company invests and focuses on private equity, communications, health care, and industrial companies. 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. SND repurchased 5.18 million . June 7, 2021 Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. the total portfolio value. 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. 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. 2023 Benzinga.com. 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. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. All rights reserved. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. 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. These cookies do not store any personal information. 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. 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. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. .. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Quickly find out what the most recently closed or increased positions are. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. 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 two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. Managing Director, Motive Partners +447855910178. 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 ). Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Necessary cookies are absolutely essential for the website to function properly. that closed in April. 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. About Clearlake Capital Group, L.P. They manage AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). This leaves the value of the investment at $16.4 million and 8,200,204 shares. Clearlake Media Contact - Lambert. The estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. 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. About Clearlake Capital Group Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. MacKenzie will be paid an approximately $25,000 plus expenses. People. 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. 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. 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. Past performance is a poor indicator of future performance. Vector Capital will make minority investment at closing. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, expiration or termination of any waiting periods applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act and approval by a majority of Cornerstone stockholders. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. 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. 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 is a private investment firm founded in 2006. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. 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 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. You may opt-out by. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in The investment fund also strengthened its position in Blackbaud Inc by buying The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. Smart Sand, Inc. 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 is a leading investment firm focused on private equity and special situation transactions. SAM TIDSWELL-NORRISH. 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. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. 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. BETA, Maxit and Digital Investor will operates as BetaNXT. These cookies do not store any personal information. 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. 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. var __dcid = __dcid || []; These include Viewport Meta , IPhone / Mobile Compatible , and SPF. I write about buyouts, mergers, acquisitions and other dealmaking. 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. All subsequent written and oral forward-looking statements concerning Janus and Juniper, the transaction or other matters and attributable to Janus and Juniper or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Will His AI Plans Be Any Different? 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. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR By Donald Mazariegos SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. All rights reserved. About Clearlake. 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. You also have the option to opt-out of these cookies. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. investment firm founded in 2006. And with so many firms seeking to raise funds, LPs have plenty of options. But opting out of some of these cookies may affect your browsing experience. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Clearlake is a leading private Clearlake Capital Group has raised 1 round. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. The promissory note will mature on December 15, 2023. Differentiated approach to investing We also use third-party cookies that help us analyze and understand how you use this website. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. 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. -, SoftBank snub shows London risks losing its listings lustre, London Stock Exchange urges rapid UK reforms after Arm's snub, HSBC issues USD150.0 million senior unsecured notes due 2036, Ireland's Cairn Homes Launches EUR40 Million Share Buyback, Norges Bank - Form 8.3 - Horizon Therapeutics Plc, Citigroup cuts Admiral; Jefferies likes PPHE, SoftBank's Arm rebuffs London by choosing U.S. listing, Standard Chartered Buys Back 2.7 Million Shares, Metal Tiger to delist from AIM, to maintain trading on ASX, Citigroup cuts Persimmon; HSBC raises Asos, Goldman Sachs Trims London Stock Exchange PT, Maintains Buy Rating, Group Chief Executive Officer & Executive Director. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . The stock is now traded at . Please. The transaction has an enterprise value of approximately $5.2 billion. 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, . Moelis & Company LLC is also acting as financial advisor to Juniper. * 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).
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