clearlake capital group stock clearlake capital group stock

AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). acted as financial advisors to Clearlake. 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 . 2023 Benzinga.com. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. The stock was 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Blackbaud Inc dropped approximately 0.1% in the past year. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. 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. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. . This weeks new fund blew past an initial target of $10 billion. 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. The transaction is expected to be completed in the second half of 2021. SAM TIDSWELL-NORRISH. Managing Director, Motive Partners +447855910178. These cookies do not store any personal information. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. Clearlake Capital Group is funded by 3 investors. Central Index Key (CIK): 0001688282; 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. 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. 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. 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. These cookies will be stored in your browser only with your consent. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. 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. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. investment firm founded in 2006. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. 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. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. 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. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. MacKenzie will be paid an approximately $25,000 plus expenses. and Apollo Global Management 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. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. But the tides have turned. /PRNewswire/ -- Clearlake Capital Group, . These cookies do not store any personal information. These cookies will be stored in your browser only with your consent. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics All rights reserved. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. 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 . LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. 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. With a sector-focused approach, the . There are currently 7 companies in Mr. Cannons portfolio. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. Necessary cookies are absolutely essential for the website to function properly. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. 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. Musk Made a Mess at Twitter. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. Differentiated approach to investing 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 purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. var __dcid = __dcid || []; __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. 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. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Clearlake Capital Group. End-of-day quote Nasdaq 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. Leah Sauter, Peter Harwich, Lisa Watts, Eric Kamerman, Jennifer Pepin, Farrell Malone, Kelly Fayne, Steven Betensky, Tony Kim, Andrew Galdes, Drew Levin, Anna Ngo, Edward Barnett and Farah O'Brien of Latham & Watkins LLP acted as legal advisor for London Stock Exchange Group plc in the transaction. Past performance is a poor indicator of future performance. Clearlake Capital Group, L.P. operates as an investment company. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. 2018 Cohesive Capital. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . It also specializes in the middle and lower . Clearlake Capital Group was a net buyer of stock by $498M. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. . 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. 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 . About Clearlake. This category only includes cookies that ensures basic functionalities and security features of the website. 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. 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. 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. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. ng-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are technology, industrials and consumer. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. that closed in April. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. And its already been busy putting its new pool of capital to work. All statements other than statements of historical fact included in this communication are forward-looking statements. This represents 12.4 percent ownership of the company. * 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). The firm has offices in Santa Monica and Dallas. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . I want to thank Clearlake for its long-term commitment to Smart Sand. 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, . Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. By continuing to browse, you hereby agree to the use of cookies. 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 . Benzinga does not provide investment advice. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. As a result of the transaction, Cornerstone is now a privately held company and . Moelis & Company LLC is also acting as financial advisor to Juniper.