Now, the Santa Monica-based buyout firm has closed its biggest fund yet. The Firm invests in both private and public transactions. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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 . Will His AI Plans Be Any Different? The majority of the companies in the funds portfolio are small-cap stocks. I write about buyouts, mergers, acquisitions and other dealmaking. By continuing to browse, you hereby agree to the use of cookies. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. These cookies do not store any personal information. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. 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 . Benzinga does not provide investment advice. 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. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 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 . We also use third-party cookies that help us analyze and understand how you use this website. 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. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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. 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. 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. The estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. 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. These cookies do not store any personal information. 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. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. About; . This category only includes cookies that ensures basic functionalities and security features of the website. jhurson@lambert.com . Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Shares +10.2% at $1.95 after hours. 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. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. These cookies will be stored in your browser only with your consent. 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. Funding. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. 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.s portfolio is diversified across 4 sectors. Past performance is a poor indicator of future performance. For more information, visit our Privacy Policy. But it . Moelis & Company LLC is also acting as financial advisor to Juniper. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. It is mandatory to procure user consent prior to running these cookies on your website. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. You also have the option to opt-out of these cookies. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. 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. The Pennsylvania-based . The firm's core target sectors are technology, industrials, and consumer. Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. 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. /PRNewswire/ -- Clearlake Capital Group, . 2022-02-14 20:23. . Managing Director, Motive Partners. 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. All rights reserved. Clearlake provided the Company with initial capital in 2012 to begin developing our Oakdale facility and has been a good partner for the Company over the last eleven years.". 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. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. The transaction was unanimously approved by Cornerstone's Board of Directors. 2018 Cohesive Capital. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. All statements other than statements of historical fact included in this communication are forward-looking statements. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. With a sector-focused approach, the . Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. The Company invests and focuses on private equity, communications, health care, and industrial companies. 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. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS This leaves the value of the investment at $16.4 million and 8,200,204 shares. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 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. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . 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. 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. Delayed Nasdaq The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The transaction is not subject to a financing condition. You may opt-out by. 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. I want to thank Clearlake for its long-term commitment to Smart Sand. With a sector . 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). 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. By continuing to browse, you hereby agree to the use of cookies. All rights reserved. MacKenzie will be paid an approximately $25,000 plus expenses. Appointment Signals a Continued Focus on Driving Growth and Impact. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 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. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. Clearlake, though, didnt wait around. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. 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. 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. jhurson@lambert.com. There are currently 7 companies in Mr. Cannons portfolio. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Clearlake Capital Group was a net seller of stock by $-28M. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. The investment fund also strengthened its position in Blackbaud Inc by buying As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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. As a result of the transaction, Cornerstone is now a privately held company and . 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Smart Sand, Inc. acted as financial advisors to Clearlake. Announces Repurchase of All Common Stock Owned by Clearlake Capital. 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. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. (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. 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. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Clearlake Capital Group is a private investment firm founded in 2006. 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. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. These cookies will be stored in your browser only with your consent. And with so many firms seeking to raise funds, LPs have plenty of options. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. They manage All rights reserved. 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. But opting out of some of these cookies may affect your browsing experience. 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. 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. SEC Filings include 13F quarterly reports, 13D/G events and more. It is mandatory to procure user consent prior to running these cookies on your website. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. -, 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. This data is downloadable for data subscribers. Quickly find out what the most recently closed or increased positions are. This website uses cookies to improve your experience while you navigate through the website. The Janus team operates out of several U.S. locations and six locations internationally. 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 . Clearlake Capital Group, L.P. ("Clearlake"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several . through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. 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 . 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. We also use third-party cookies that help us analyze and understand how you use this website. Managing Director, Motive Partners +447855910178. Clearlake Capital Group, L.P. is an 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. . Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS More information is available at www.janusintl.com. Blackbaud Inc dropped approximately 0.1% in the past year. Shares +10.2% at $1.95 after hours. 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 Capital Group was a net buyer of stock by $498M. All rights reserved. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. 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. 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. The transaction is expected to be completed in the second half of 2021. 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. are based in the United States. Blackbaud Guides For Full Year 2023 EPS of $3.30-$3.60 on Revenue of $1.08-$1.11 Billio.. Earnings Flash (BLKB) BLACKBAUD Posts Q4 EPS $0.68, vs. Street Est of $0.60, Stifel Nicolaus Adjusts Blackbaud Price Target to $70 From $85, Maintains Hold Rating. 14% of the total holdings value. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . 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. Musk Made a Mess at Twitter. This was a Private Equity round raised on May 29, 2018. But opting out of some of these cookies may affect your browsing experience. But opting out of some of these cookies may affect your browsing experience. Clearlake Media Contact - Lambert. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Please. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. The transaction is expected to close in the second half of 2022. and Apollo Global Management Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Cornerstone OnDemand, Inc. acquired EdCast Inc. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. sam@motivepartners.com . The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. 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. 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 . For more information please contact: JENNIFER HURSON. We produce low-cost, high quality Northern White sand, which is a premium sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. 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. . -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. 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.
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