Could you see a EPL vs Serie A all-star game, could you see a pre-season match that we do that puts more premium content on the pitch? Especially if you can improve it. I think if you apply some of that IP into developing talent but keeping your talent. Thomas Tuchel has already shown Graham Potter what he must do in Chelsea vs Bournemouth, Chelsea told key area Christopher Vivell will improve following technical director appointment, Todd Boehly's 2023 Chelsea vision is clear after Christopher Vivell joins new-look team, The eight January transfer decisions Chelsea must make as Todd Boehly and Graham Potter plan future, Wesley Fofana breaks silence after Chelsea injury in Brentford friendly amid Reece James message, Chelsea Co-owner Behdad Eghbali and Newcastle United Director Amanda Staveley look on. 2018 Cohesive Capital. We've done about 9 billion of it in the past 18 months. Chelsea are holding a new round of talks over their 1.5 billion stadium project as the Todd Boehly-Clearlake Capital owners inch closer to a decision that will shape the club's future. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. More information is available atwww.clearlakedev.wpengine.com. All rights reserved. James Pade, Partner and Managing Director, joined Clearlake in 2013, and he currently serves on the Board of Directors of several Clearlake portfolio companies, including American Construction Source, Diligent, EagleView, FloWorks, Ivanti Software, and Lytx. Jos E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners of Clearlake, commented, "We are thrilled to recognize the dedication of our team members who have not only contributed. an important and growing focus for enterprises seeking to ensure trusted data is used properly," said Behdad Eghbali, Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. But opting out of some of these cookies may affect your browsing experience. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The private equity firm is based in Santa Monica, California. We looked at it and we think European sports is probably 20 years behind US sports in terms of sophistication on the commercial side, and sophistication on the data side. Mr. Groen co-heads Clearlakes business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions. Notwithstanding some of the exceptions like Fenway Group, most of the teams are not operated efficiently and professionally and that presents a pretty good opportunity. In this article, I will outline some strategies for companies providing DIY products to take advantage of the boom in e-commerce by building an effective online presence. This website uses cookies to improve your experience while you navigate through the website. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. [17][18], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. Private Equity Round - Dodge Data & Analytics, Private Equity Round - EagleView Technologies, United States Private Equity Stage Companies With More Than 10 Employees, Investors Active in San Francisco Bay Area (Top 10K), California Investors with Funds Raised in 2022, Western US Business Development Companies, Financial Services Private Equity Stage Companies With More Than $1M in Revenue, Venture Capital Companies With More Than 50 Employees, Business Development Companies With Less Than $500M in Revenue (Top 10K), Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. California-based Clearlake, run by cofounders and managing partners Jos E. Feliciano and Behdad Eghbali, invests in technology, industrials, and consumer companies. Behdad Eghbali became a co-owner of Chelsea as a face of Clearlake Capital along with Jose E Feliciano, and has taken a leading role at the club alongside Todd Boehly. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. Jose Feliciano's private equity firm scored its biggest realized gain ever with the $1.06 billion sale of Sage Automotive. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. 1452. Clearlake announced today that the following team members have been promoted to Senior Associate: Vikram Abraham joined Clearlake in 2017. Twitter. For us, it was about looking at the macro. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. The private equity firm is based in Santa Monica, California. Mr. Tabaee has been involved in several of Clearlakes industrials, technology, and consumer platforms. When a CX team feels valued and understood, their mood will not only improve, but the quality of their work with customers will as well. With more than 20 years of related experience, Mr. Urrutia is responsible for the management of Clearlakes corporate accounting and operations departments. She co-heads Clearlakes business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions. Clearlake also announced the following additions to the team: Tony La Rosa, Managing Director,O.P.S. With more than 25 years of experience, Mr. La Rosa has worked extensively with private equity owned companies in senior IT roles, including CTO positions at two Clearlake-owned businesses. Today Clearlake is one of. ", Chelsea press conference LIVE: Graham Potter on his future, Leeds, Kante, Pulisic, more, Two Chelsea undroppables given new roles as Graham Potter makes tactical decision to beat Leeds, Jose Mourinho to Chelsea latest: Dream return, Todd Boehly contact and Roma drama, Zinedine Zidane to Chelsea latest: Luis Enrique battle, France job decision, Boehly desire, Chelsea owners Clearlake Capital make announcement about takeover, Chelsea owner Todd Boehly completed a 4.25bn takeover in May, (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)). Clearlake has the ability to take advantage of market dislocations, out-of-favor industries, and companies in transition across different phases of the economic cycle while improving operations and creating value. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. A gateway to South America, a gateway to European visas, the French market is interesting given the quality of the league, given frankly quality, French speakers in Africa. It could be Disney, sports is religion, could be, not to pick on the Catholic Church, but the Catholic Church - these are institutions that have a wide generational following that thanks to technology and streaming and digital rights are in the really early days of global audiences of live content. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Feliciano. +1 732-433-5200 Teams that are better run in second-tier markets that you're buying at revenue multiples and revenue multiples matter in so far as you can structurally make money. Senior Vice President and Global Head of Product, Senior Vice President, Data Protection Officer and General Counsel, Board Management for Education and Government, Internal Controls Over Financial Reporting (SOX). Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. When Todd Boehly and Clearlake Capital completed their . [3] Many investors chose to roll their holdings instead. You also have the option to opt-out of these cookies. Africa wef think is a big, big market. The affinity level of sports, and everyone has an opinion so everyone has an opinion on all of the above. It struck a high-profile deal . Venture capitalists usually have an exit strategy, how does that mesh with ownership? You've got to win. You can capture, acquire, retain, sign talent and monetise talent. Khu vc sn Stamford Bridge hin ti. Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 [9][10] The purpose of the sale was to fund the creation of a credit unit. One interesting data point, is cumulative market cap, use the Forbes value of NFL teams probably 150-155 billion, the Premier League, La Liga, France, Italy I think you're probably 30 billion, fanbases of maybe 3-4 billion globally compared to 200 million and that's being generous to the NFL. Behdad Eghbali Age : 46 Linked companies : Cornerstone OnDemand, Inc. - Diligent Corp - Constant Contact Inc Summary Behdad Eghbali is a businessperson who founded Clearlake Capital Group LP and who has been at the head of 8 different companies. About; . Check if your These are global assets, global audiences which we think we can certainly help grow. university It is said that the consortium fended off competition from 11 serious rivals to acquire the club. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity, Resides in Los Angeles, CA Metropolitan Area. organisation where in May 2022, it acquired 60% of the clubs outstanding shares. If you're buying a division two or team teetering you are getting paid for it. Standard Digital includes access to a wealth of global news, analysis and expert opinion. We have made strides in how we measure our impact on our climate, but to have a sustainable planet, we also must focus on people as well. All rights reserved. These cookies do not store any personal information. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. We look at some of the US sports leagues and teams and NFL, NBA, NFL is profitable but there are revenue multiples at 5,6,7, 8, 10. Dan Groen, Managing Director, joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. The billionaire private equity founders behind the recent . Based in Santa Monica, California, Clearlake's team consists of over 80 professionals, including 35 investment professionals.1 Clearlake has been a Registered Investment Adviser with the We also use third-party cookies that help us analyze and understand how you use this website. Reflects change since 5 pm ET of prior trading day. The owner is from a sport gaming, data background. The Clearlake team members promoted to Partner and/or Managing Director include: Fred Ebrahemi, Partner, Managing Director, General Counsel, and Chief Compliance Officer, joined Clearlake in 2014 and is responsible for providing legal advice during the execution of private equity transactions and other investments, legal oversight of portfolio companies and firm operations, and firm regulatory and legal compliance. We want to make sure you get the most out of our platform. To succeed in this competitive field, businesses must focus on technology and consider new emerging factors. Behdad Eghbali serves as a member of the Board of Directors for Diligent. I think a couple of teams in Spain do and they're vocal about it and everyone else doesn't want to go there. One thing to be mindful of there is really Champions League or continental competition. I think 90-95% depending on the team, of the top teams in England the fanbases are outside of the UK. All Rights Reserved. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity. There are teams in small cities in Europe that sell 40-50,000 seats. For more information, visit our Privacy Policy. We hired a coach from Brighton and we think they're one of the best-run teams in the Premier League. They are to some degree public-private partnerships but like anything you've got to put a good product on the field. Based in Santa Monica, California, Clearlake's team consists of 59 professionals, including 24 investment professionals, all of which are located in Clearlake's sole office. Not subject to arbitration, certainly subject to free agency but the model of six, seven, and eight-year contracts earlier based on players you've retained who have market value we think can be a sustainable model. in sport meant there was some hope the 48-year-old knew how to run a club and his instalment as co-chairman with Behdad Eghbali showed a . The firm specializes in three sectors that don't always go together in the world of private . [3][5][6][7], Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Ultimately, if you're investing capital into a training facility, an academy, a stadium, if you're improving the team you're going to have a lot of public support and I think there are a lot of untapped niche markets that are avidly supportive of the teams. At Chelsea or AC Milan levels, these are the premium teams, the premium payrolls in respective leagues. Something went wrong, please try again later. As always you can unsubscribe at any time. . You're not signing the 30-year-old free agent, you're signing players, keeping players, you're not subject to arbitration. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. "Our vision as owners is clear: We want to make the fans proud. The award, which is focused on consortiums in Europe, the Middle East and Africa, was given this week, confirmed by the Clearlake Capital Group on Twitter. Again, I think we're all teetering at the surface of where we're going to go. Arta Tabaee, Managing Director, joined Clearlake in 2010, and he currently serves on the Board of Directors of Clearlake portfolio companies Proven Brands and Team Technologies. Mr. Behdad Eghbali is a Co-Founder & serves as Managing Partner at Clearlake Capital Group. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? 2023 Forbes Media LLC. By clearlakeAdm20 Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Or by navigating to the user icon in the top right. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. That is one analogy, one place we think there is a lot of runway in terms of European sports which by the way have a global audience, a global opportunity. Clearlake & TA Associates-Backed Precisely to Acquire Infogix. Feliciano, who was born in Puerto Rico, is on the board of trustees of Stanford University and the Smithsonian National Museum of the American Latino. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Behdad Eghbali serves as a member of the Board of Directors for Diligent. These cookies will be stored in your browser only with your consent. We are also pleased to recognize the tremendous talent at all levels of the firm. Chelsea news: Todd Boehly and the Clearlake Capital consortium completed their 4.25bn takeover in May last year and have spent over 600m across two transfer windows, Don't miss a beat from the dawn of the Potter era - sign up for the free Chelsea newsletter. As always you can unsubscribe at any time. More information about TA can be found at www.ta.com. Behdad Eghbali could resurrect major 5.7bn NFL plans after Chelsea purchase Clearlake Capital co-founder Behdad Eghbali has been linked with a move for the NFL team Washington Commanders despite already having a keen interest in Chelsea Chelsea By Richard Cusack Football writer. Bachelor of Business Administration, University of California, Berkeley. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. I think Gerry is buying teams at 1,2, 3, 4 times revenue multiples and if you have a cost structure that can sustain and you invigorate the fanbase we think you can have a business that makes money that are natural monopolies in their markets without the regulation, without the salary caps. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. Feliciano. Clearlake has a flexible mandate to invest in both private and public transactions across the capital structure in debt or equity securities in the lower and middle market through buyouts, corporate divestitures, recapitalizations and reorganizations. Using a sector-focused approach, Clearlake seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational transformation approach. Shalini Bala Subramaniam, Managing Director Prior to joining Clearlake, Ms. Bala Subramaniam was a Managing Director in the Financial Sponsors Group at Deutsche Bank, and prior to that, she was an Analyst in the Equity Capital Markets & Financial Sponsors Group at Bank of America. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine. We could partner and be a minority holder on a team and still get the benefit of some of the know-how but really firewall off the scouting and decision-making. These cookies do not store any personal information. He served as Board Member at Vision Solutions, JetSmarter and Lytx. The private equity firm is based in Santa Monica, California. jennifer@blicksilverpr.com. (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. Behdad Eghbali. As co-founder and managing partner of Clearlake Capital Group, Behdad Eghbali was instrumental in the growth and success of Clearlake since its founding in 2006. SANTA MONICA, CA April 3, 2019 Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), a leading global private equity and alternative asset investment firm, today made several announcements including naming five Clearlake veterans as Partners and/or Managing Directors, several other promotions within the firm, and new senior level additions to the team.
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