Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. the total portfolio value. This represents 12.4 percent ownership of the company. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. and Apollo Global Management Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. 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. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. For more information please contact: JENNIFER HURSON. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. 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. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. You may opt-out by. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. 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. Clearlake Capital Group, L.P. entered into a definitive agreement to acquire Intertape Polymer Group Inc. (TSX:ITP) from individual shareholders and others for CAD 2.5 billion on March 7, 2022. This website uses cookies to improve your experience while you navigate through the website. Finally, I want to recognize the accomplishments of the broader Janus team, as I could not be more proud of our management team and employees for consistently executing and offering our customers the best solutions in the industry., This is a tremendous outcome for Janus and Clearlake, and we are confident that Janus will be even better positioned as a public company to continue its impressive trajectory, said Jos E. Feliciano, Chairman of the Janus Board of Directors and Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. The firm has deployed its seventh fund for a $2.6 billion takeover of Intertape Polymer Group, a reported $5.4 billion acquisition of Quest Software and a half-dozen other deals to date. 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 . The transaction has an enterprise value of approximately $5.2 billion. Cornerstone OnDemand, Inc. acquired EdCast Inc. 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. Janus International Group In Common Stock, https://www.sec.gov/Archives/edgar/data/1688282/0, Track 13F-HR Filings for Hedge Funds and Value Investors. Clearlake Capital Group was a net buyer of stock by $498M. 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, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. 2022-02-14 20:23. 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. jhurson@lambert.com. Currently, their heaviest sector is Technology making up 61.9% of 2018 Cohesive Capital. The transaction is expected to be completed in the second half of 2021. 57.1% of the portfolio companies Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. By continuing to browse, you hereby agree to the use of cookies. The transaction is expected to close in the second half of 2022. These cookies will be stored in your browser only with your consent. 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 . All rights reserved. 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 business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Shares +10.2% at $1.95 after hours. There are currently 7 companies in Mr. Cannons portfolio. BX jhurson@lambert.com . Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. The stock was Long-term strategic partnership with management to transform and grow companies. Clearlake Capital Group, L.P. entered into a definitive agreement to acquire remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) for $3.8 billion on August 5, 2021. 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. Managing Director, Motive Partners +447855910178. 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.". As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. 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. This leaves the value of the investment at $16.4 million and 8,200,204 shares. 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. Clearlake Media Contact. It is mandatory to procure user consent prior to running these cookies on your website. Clearlake, though, didnt wait around. Clearlake Media Contact - Lambert. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. They manage Copyright 2023 Surperformance. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. sam@motivepartners.com . 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. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. We also use third-party cookies that help us analyze and understand how you use this website. "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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. The average market cap of the portfolio companies is close to $1.94 billion. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. Clearlake Capital Group is a private investment firm founded in 2006. 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 . The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. 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. All rights reserved. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. The firm's core target sectors are technology, industrials, and consumer. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). in a $2 billion cash-and-stock sale to Penn National Gaming Inc. Necessary cookies are absolutely essential for the website to function properly. Quickly find out what the most recently closed or increased positions are. 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. BETA, Maxit and Digital Investor will operates as BetaNXT. 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 . The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Strategy. 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, . Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. This website uses cookies to improve your experience while you navigate through the website. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. About Clearlake Capital Group, L.P. 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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 . Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Do Not Sell My Personal Data/Privacy Policy. Musk Made a Mess at Twitter. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. This was a Private Equity round raised on May 29, 2018. 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 Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . More information is available at www.janusintl.com. 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 is a leading investment firm focused on private equity and special situation transactions. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. var __dcid = __dcid || []; 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. And its already been busy putting its new pool of capital to work. 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 . OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. The transaction is not subject to a financing condition. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. These cookies do not store any personal information. 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. Announces Repurchase of All Common Stock Owned by Clearlake Capital. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. . 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. We are a fully integrated frac and industrial sand supply and services company. 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. With a sector-focused approach, the . For more information, visit our Privacy Policy. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc.
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