Copyright 2023 Surperformance. 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. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. The transaction is not subject to a financing condition. For more information, please visitwww.smartsand.com. 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. . This is a BETA experience. Endurance International Group Announces Agreement to be Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the 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. 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, 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. 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 . You also have the option to opt-out of these cookies. We are a fully integrated frac and industrial sand supply and services company. 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. The stock is now traded at . Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. By continuing to browse, you hereby agree to the use of cookies. 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. 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 . With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. 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 transaction is expected to close in the second half of 2022. For more information, visit our Privacy Policy. Chelsea marks its first foray into pro sports. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS By continuing to browse, you hereby agree to the use of cookies. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Upon completion of the transaction, Cornerstone will become a private company and shares of Cornerstone common stock will no longer be listed on any public market. This website uses cookies to improve your experience while you navigate through the website. I write about buyouts, mergers, acquisitions and other dealmaking. The average market cap of the portfolio companies is close to $1.94 billion. 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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . 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. You may opt-out by. 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 . People. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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 . Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. SAM TIDSWELL-NORRISH. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. Clearlake Capital-Backed Discovery Education Names EdTech Veteran 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. These cookies do not store any personal information. Clearlake Capital Group Clearlake Capital Group - Slintel 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 ). According to the last 13-F report filed with the SEC, John Cannon serves as the Managing Director, Deputy General Counsel and CCO at Clearlake Capital Group, L.P.. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp It primarily invests in the industrial and energy sectors, technology and software, and consumer services. 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. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. var __dcid = __dcid || []; Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Intermediate Capital : The group going all in on single-asset All rights reserved. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. The Pennsylvania-based . Clearlake Capital Group | Company Profile | Private Equity International 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 . 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. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Now, the Santa Monica-based buyout firm has closed its biggest fund yet. And its already been busy putting its new pool of capital to work. Clearlake Capital Group LP - Company Profile and News Clearlake Capital Completes Acquisition of Cornerstone OnDemand Clearlake Capital Group, L.P. completed the acquisition of the 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. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. For more information, visit our Privacy Policy. This represents 12.4 percent ownership of the company. 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 . These positions were updated on August 15th based on the funds latest 13F filing. Strategy. The rating was released on June 29, 2021, according to finviz. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. There are currently 7 companies in Mr. Cannons portfolio. Clearlake Capital Group, L.P. completed the acquisition of Intertape Clearlake Capital-Backed Discovery Education Names EdTech Veteran Clearlake Portfolio Company Janus International Group Announces 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. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. Clearlake is part of new generation of private equity powers that emerged in the 2000s and are now raising the sorts of massive capital pools that used to be the domain of long-established firms like Blackstone __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. It sold the previously owned 5,511,703 shares for $316 million. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Musk Made a Mess at Twitter. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. Janus now serves over 10,000 customers on a global basis and has established itself as a leader in the broader commercial and self-storage ecosystems, providing innovative solutions that address unique and growing market needs, including Janus proprietary Nok access control solution that supports the Companys first-mover advantage in a nascent but large, addressable market for smart facilities and wireless management technologies. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. investment firm founded in 2006. var __dcid = __dcid || []; Clearlake Capital Group, L.P. operates as an investment company. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . Clearlake Capital Group, L.P. 13F annual report - wallmine J.P. Morgan, BofA Securities, Ares, Golub, Antares, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies are providing the debt financing for the transaction. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. The Janus team operates out of several U.S. locations and six locations internationally. Both Feliciano and Eghbali have a current net worth of $3.4 billion, according to Forbes, placing them among the worlds 1,000 wealthiest people. 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. MacKenzie will be paid an approximately $25,000 plus expenses. Past performance is a poor indicator of future performance. IAPD - Investment Adviser Public Disclosure - Homepage Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Clearlake Capital | Portfolio In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. "Bloomberg Opinion" columnists offer their opinions on issues in the news. By Donald Mazariegos Clearlake Capital Completes Acquisition of Cornerstone OnDemand Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: 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. 2018 Cohesive Capital. Smart Sand, Inc. (NASDAQ: SND) (the Company) announced today that it has repurchased 5.18 million shares of the Companys common stock (the Shares) from Clearlake Capital Partners II (Master), L.P.,. 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. 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. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . $1.5 billion and $1.5 billion respectively. 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. +447855910178. It is mandatory to procure user consent prior to running these cookies on your website. 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. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. More information is available at www.clearlake.com and on Twitter @Clearlake. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. Significant experience across Clearlakes Stocks with a size of more than $100 million in market cap make up Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . These cookies will be stored in your browser only with your consent. We could not be more excited that Ramey and the broader Janus and Clearlake teams are our partners here, and we look forward to leveraging our teams decades of industrial and access control experience to support Janus strategic vision.. -, 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. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by 2023 Benzinga.com. 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. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. But opting out of some of these cookies may affect your browsing experience. Clearlake is a leading private 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 - Recent News & Activity All rights reserved. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. will pay $57.5 per share in cash. The promissory note will mature on December 15, 2023. 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. 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 definitive agreement to acquire EdCast Inc. This data is downloadable for data subscribers. var __dcid = __dcid || []; The transaction is expected to be completed in the second half of 2021. The Company invests and focuses on private equity, communications, health care, and industrial companies. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Rivian Tells Staff EV Output May Be 24% More Than Forecast, Shortage ofMetals for EVs Is Rising Up the Agenda in Automakers C-Suites, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, John Malone andCharter Directors Agree to $87.5 Million Settlement, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Long-term strategic partnership with management to transform and grow companies. Intertape Polymer Group Inc. ("IPG") Enters into . Clearlake and Motive-Backed Software Platform BetaNXT Expands Blackbaud Inc dropped approximately 0.1% in the past year. Necessary cookies are absolutely essential for the website to function properly. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. 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. 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 serves customers in the State of California. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. 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. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. Clearlake Capital Group and Motive Partners Acquire BetaNXT 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.
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