And its already been busy putting its new pool of capital to work. 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 total portfolio value. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. "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. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. sam@motivepartners.com . There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. And with so many firms seeking to raise funds, LPs have plenty of options. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. They manage 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 . LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. var __dcid = __dcid || []; 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 . Past performance is a poor indicator of future performance. Will His AI Plans Be Any Different? Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. The average market cap of the portfolio companies is close to $1.94 billion. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Clearlake Capital Group has raised 1 round. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics BETA, Maxit and Digital Investor will operates as BetaNXT. Clearlake Capital Group is funded by 3 investors. KKR 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. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. But opting out of some of these cookies may affect your browsing experience. Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . These cookies do not store any personal information. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. For more information, visit our Privacy Policy. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. It is mandatory to procure user consent prior to running these cookies on your website. We are a fully integrated frac and industrial sand supply and services company. 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. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. This weeks new fund blew past an initial target of $10 billion. 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. 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 ). var __dcid = __dcid || []; Copyright 2023 Surperformance. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. 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. Cornerstone OnDemand, Inc. acquired EdCast Inc. Moelis & Company LLC is also acting as financial advisor to Juniper. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. Copyright 2023 Surperformance. 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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS When used in this communication, words such as may, should, could, would, expect, plan, anticipate, believe, estimate, continue, or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. End-of-day quote Nasdaq Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. You also have the option to opt-out of these cookies. 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. Javascript is disabled or is not supported by your browser. After this action, CLEARLAKE CAPITAL GROUP, L.P. now owns 5,175,688 shares of Smart Sand Inc., valued at $3,459,116 using the latest closing price. You may opt-out by. Clearlake Capital Group. All rights reserved. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. These cookies will be stored in your browser only with your consent. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. 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. Stocks with a size of more than $100 million in market cap make up Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. Blackbaud Inc dropped approximately 0.1% in the past year. Founded in 2006 by Jose E. Feliciano and Behdad Eghbali, it now manages some $72 billion in assets, with most of its dealmaking focused on the tech, industrials and consumer sectors. Clearlake Capital Group was a net seller of stock by $-28M. 2018 Cohesive Capital. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); The transaction is not subject to a financing condition. Clearlake Capital Group, L.p. is the Director, 10% Owner of Janus International Group Inc and owns about 1,693,600 shares of Janus International Group Inc (JBI) stock worth over $18 Million.Clearlake Capital Group, L.p. is also the Director, 10% Owner of Smart Sand Inc and owns about . Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. 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. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. As a result . AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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. JENNIFER HURSON +1-845-507-0571. About Clearlake. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. Musk Made a Mess at Twitter. Clearlake is a leading private * Investors with a full data subscription can access data for any fund. 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 serves customers in the State of California. 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 . The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Morgan Stanley (NYSE:MS), Rothschild & Co SCA (ENXTPA:ROTH), JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS), BofA Securities, Inc., Barclays PLC (LSE:BARC), Jefferies LLC and William Blair & Company, L.L.C. 2023 Benzinga.com. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. The firm believes that demand is due to the success of its past two funds. Shares +10.2% at $1.95 after hours. jhurson@lambert.com. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. About; . 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 OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. All rights reserved. SAM TIDSWELL-NORRISH. The transaction is expected to close in the second half of 2022. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. The firm has offices in Santa Monica and Dallas. 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 . 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. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS This website uses cookies to improve your experience while you navigate through the website. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. The fund focuses on investments in the United States as This category only includes cookies that ensures basic functionalities and security features of the website. 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 completion of this transaction and our listing on the NYSE signifies a tremendous milestone for Janus as we continue executing on our compelling growth plans, said Ramey Jackson, CEO of Janus. -, 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. 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. Appointment Signals a Continued Focus on Driving Growth and Impact. For more information please contact: JENNIFER HURSON. 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. It also specializes in the middle and lower . Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. 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 . Do Not Sell My Personal Data/Privacy Policy. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. More information is available at www.juniperindustrial.com. 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. Clearlake Capital Group was a net buyer of stock by $498M. var __dcid = __dcid || []; About Clearlake Capital Group, L.P. 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. 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. Chelsea marks its first foray into pro sports. jhurson@lambert.com . The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. 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 . __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Significant experience across Clearlakes 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. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Strategy. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 57.1% of the portfolio companies For more information, please visitwww.smartsand.com. Blackbaud Inc dropped approximately 0.1% in the past year. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. Clearlake, though, didnt wait around. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . 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. BETA, Maxit and Digital Investor will operates as BetaNXT. US :BLKB. All rights reserved. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. 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. Delayed London Stock Exchange Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. SND repurchased 5.18 million . * 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). . Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. (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. These cookies will be stored in your browser only with your consent. The stock is now traded at . You also have the option to opt-out of these cookies. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. As a result of the transaction, Cornerstone is now a privately held company and . The Company invests and focuses on private equity, communications, health care, and industrial companies. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. 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. 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). 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.
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