More information is available at www.clearlake.com and on Twitter @ClearlakeCap. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. 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. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Announces Repurchase of All Common Stock Owned by Clearlake Capital. 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. The promissory note will mature on December 15, 2023. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. It sold the previously owned 5,511,703 shares for $316 million. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. Necessary cookies are absolutely essential for the website to function properly. The firm believes that demand is due to the success of its past two funds. 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. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. 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 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. The rating was released on June 29, 2021, according to finviz. About Clearlake Capital Group, L.P. By continuing to browse, you hereby agree to the use of cookies. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. var __dcid = __dcid || []; in a $2 billion cash-and-stock sale to Penn National Gaming Inc. 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 . Stocks with a size of more than $100 million in market cap make up It also specializes in the middle and lower . Will His AI Plans Be Any Different? Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. and Apollo Global Management 2023 Benzinga.com. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Delayed Nasdaq The total portfolio value may be much higher due to cash "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. End-of-day quote Nasdaq 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 . This website uses cookies to improve your experience while you navigate through the website. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. 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. Copyright 2023 Surperformance. But it roughly doubled that size with each of its next three vehicles, climbing to $3.6 billion in 2017 and about $7 billion in 2020. Benzinga does not provide investment advice. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. With a sector-focused approach, the . The transaction is not subject to a financing condition. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. 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.. And with so many firms seeking to raise funds, LPs have plenty of options. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Quickly find out what the most recently closed or increased positions are. Differentiated approach to investing Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. Clearlakes operational improvement approach is O.P.S. Operations. These cookies will be stored in your browser only with your consent. 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. 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. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. SAM TIDSWELL-NORRISH. But the tides have turned. 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. ABOUT CLEARLAKE. 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. The firm's core target sectors are technology, industrials, and consumer. As a result of the transaction, Cornerstone is now a privately held company and . The majority of the companies in the funds portfolio are small-cap stocks. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Copyright 2023 Surperformance. 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). There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. For more information please contact: JENNIFER HURSON. 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. Moelis & Company LLC is also acting as financial advisor to Juniper. This website uses cookies to improve your experience while you navigate through the website. This is a BETA experience. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. 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. 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 Clearlakes operational improvement approach, O.P.S. The firms core target sectors are industrials, technology and consumer. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. Javascript is disabled or is not supported by your browser. But opting out of some of these cookies may affect your browsing experience. 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. jhurson@lambert.com . 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This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Juniper and Janus undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. Certain statements in this communication may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These cookies do not store any personal information. that closed in April. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Clearlake, though, didnt wait around. This was a Private Equity round raised on May 29, 2018. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Necessary cookies are absolutely essential for the website to function properly. You also have the option to opt-out of these cookies. . In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in the total portfolio value. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. MacKenzie will be paid an approximately $25,000 plus expenses. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . All rights reserved. These cookies do not store any personal information. 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. In May 2022, Clearlake announced the final closing of its seventh flagship private equity fund with more than $14.1 billion in commitments, against a $10 . Vector Capital will make minority investment at closing. For more information, visit our Privacy Policy. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. The Company invests and focuses on private equity, communications, health care, and industrial companies. 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. 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. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. Central Index Key (CIK): 0001688282; Delayed London Stock Exchange 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 uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. 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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. You also have the option to opt-out of these cookies. The transaction was unanimously approved by Cornerstone's Board of Directors. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Managing Director, Motive Partners +447855910178. 57.1% of the portfolio companies About Clearlake. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. Clearlake Capital Group is a private investment firm founded in 2006. 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This category only includes cookies that ensures basic functionalities and security features of the website. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS 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. 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