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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. The transaction is expected to close in the second half of 2022. Past performance is a poor indicator of future performance. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. . 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. Managing Director, Motive Partners. 2018 Cohesive Capital. "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. Managing Director, Motive Partners +447855910178. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. All rights reserved. You also have the option to opt-out of these cookies. The Company invests and focuses on private equity, communications, health care, and industrial companies. Clearlake acquired Janus in 2018, and the Company has grown tremendously over the last several years, introducing numerous new software-based access control technologies and acquiring several critical accretive business lines. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. It is mandatory to procure user consent prior to running these cookies on your website. Strategy. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. -, 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. Musk Made a Mess at Twitter. Differentiated approach to investing Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. 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 . Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. About Clearlake. 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. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. * Investors with a full data subscription can access data for any fund. Javascript is disabled or is not supported by your browser. Please. 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. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. 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. More information is available at www.clearlake.com and on Twitter @Clearlake. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. The Janus team operates out of several U.S. locations and six locations internationally. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. investment firm founded in 2006. 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 . SND repurchased 5.18 million . Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. The fund focuses on investments in the United States as Clearlake is a leading private We are a fully integrated frac and industrial sand supply and services company. This is a BETA experience. It is mandatory to procure user consent prior to running these cookies on your website. 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. Clearlake Media Contact - Lambert. Clearlake Capital Group serves customers in the State of California. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. All statements other than statements of historical fact included in this communication are forward-looking statements. 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. 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. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics 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, Inc. entered into a definitive agreement to acquire EdCast Inc. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . Mehdi Khodadad, Nicholas M. Schwartz, Kristen L. Smith, Matthew B. Walker, Johnny G. Skumpija, Eric Kauffman, Teresa L. Reuter, Peter McCorkell, Rachel D. Kleinberg, Stacy Crosnicker, Marian Fielding, Karen Kazmerzak, Ken Daly, Elizabeth Chen, Sara B. Brody, Craig Francis Dukin, Sven De Knop, Barbara Broussard, Alan Charles Raul, and Scott Williams of Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Clearlake in the connection with the acquisition and debt financing. Necessary cookies are absolutely essential for the website to function properly. For more information please contact: JENNIFER HURSON. 3,774,352 additional shares. The transaction has an enterprise value of approximately $5.2 billion. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Long-term strategic partnership with management to transform and grow companies. This website uses cookies to improve your experience while you navigate through the website. 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. 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Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Chelsea marks its first foray into pro sports. Together with Juniper, we believe Janus is uniquely positioned to drive considerable additional stakeholder value and look forward to our continued partnership., Our goal with Juniper was not only to find a great investment for our platform, but to also partner with an industry leading company with an abundant number of growth opportunities where our team can add significant value and resources, said Roger Fradin, Chairman of Juniper. 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. Bloomberg reported last month that Blackstone, Apollo and TPG are all offering investors the option to delay commitments to their latest flagship funds until 2023. that closed in April. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . 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 ). What Will New Tax Laws Mean For Your Business? Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. 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. With a sector . As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. jhurson@lambert.com. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Vector Capital will make minority investment at closing. 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 . 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. We also use third-party cookies that help us analyze and understand how you use this website. The rating was released on June 29, 2021, according to finviz. People. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Clearlake Capital Group has raised 1 round. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. There are currently 7 companies in Mr. Cannons portfolio. Clearlake Capital Group was a net seller of stock by $-28M. 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. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . By Donald Mazariegos Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . 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. 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 . 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. 2018 Cohesive Capital. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . 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. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Positions held by Clearlake Capital Group consolidated in one spreadsheet with up to 7 years of data, Clearlake Capital Group holds 7 positions in its portfolio as reported in the December 2022 quarterly 13F filing, SEC 13F filings are viewable for Clearlake Capital Group going back to 2020. Stocks with a size of more than $100 million in market cap make up 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. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. In addition to factors previously disclosed in Juniper and Januss reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) the effect of the merger on Januss business relationships, operating results, and business generally; (ii) failure to realize the benefits expected from the transaction; (iii) risks that the merger disrupts Januss current plans and operations and potential difficulties in Januss employee retention as a result of the merger; (iv) the effects of pending and future legislation; (v) risks related to disruption of management time from ongoing business operations due to the transaction; (vi) the amount of the costs, fees, expenses and other charges related to the merger; (vii) risks of the self-storage industry; (viii) the highly competitive nature of the self-storage industry and Januss ability to compete therein; (ix) litigation, complaints, and/or adverse publicity; (x) the ability to meet NYSEs continued listing standards following the consummation of the transaction and (xi) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss. 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, 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 a leading private investment firm founded in 2006. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 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. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. They manage This website uses cookies to improve your experience while you navigate through the website. The firm believes that demand is due to the success of its past two funds. This data is downloadable for data subscribers. 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. KKR 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. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. For more information, visit our Privacy Policy. Blackbaud Inc dropped approximately 0.1% in the past year. This was a Private Equity round raised on May 29, 2018. These cookies do not store any personal information. SAM TIDSWELL-NORRISH. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. 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 . 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. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. 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 is an investment firm operating integrated businesses across private equity, credit, and related strategies. Delayed London Stock Exchange These cookies do not store any personal information. About Clearlake Capital Group Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. +447855910178. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 Janus International Group, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 47103N106 (CUSIP Number) John Cannon c/o Clearlake Capital Group, L.P. 233 Wilshire Blvd, Suite . in a $2 billion cash-and-stock sale to Penn National Gaming Inc. The investment fund also strengthened its position in Blackbaud Inc by buying Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". 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