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The transaction is not subject to a financing condition. Lambert. The stock is now traded at . This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR 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. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. Clearlake Capital Group has raised 1 round. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. 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. Necessary cookies are absolutely essential for the website to function properly. 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 are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Significant experience across Clearlakes This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. 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. 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 is actively using 10 technologies for its website, according to BuiltWith. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. -, 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. As a result . On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. Transaction builds on firm's end-to-end wealth solutions software platform, adds investor communications and proxy solutions BetaNXT, a provider of wealth management infrastructure software with . through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . Clearlakes operational improvement approach is O.P.S. Operations. Currently, their heaviest sector is Technology making up 61.9% of With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. $1.5 billion and $1.5 billion respectively. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. 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 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 ). Under the terms of the agreement, Clearlake will acquire the outstanding shares of Intertape for CAD 40.50 per share in an all-cash transaction valued . Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. By continuing to browse, you hereby agree to the use of cookies. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics 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. Central Index Key (CIK): 0001688282; Past performance is a poor indicator of future performance. The deal is subject to regulatory approvals and other customary closing conditions,including theexpiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and certain customer consents. 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. 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. 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. 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 . 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. Clearlake Capital Group was a net buyer of stock by $498M. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . These include Viewport Meta , IPhone / Mobile Compatible , and SPF. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Recent trades. June 7, 2021 Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. This website uses cookies to improve your experience while you navigate through the website. Copyright 2023 Surperformance. US :BLKB. Various inclusions are the ability for the board of directors to issue new preferred shares without shareholder approval and the ability for banking partners, Clearlake Capital Partners and . Funding. 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. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS It also specializes in the middle and lower . Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. The transaction was unanimously approved by Cornerstone's Board of Directors. 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? 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. Quickly find out what the most recently closed or increased positions are. The average market cap of the portfolio companies is close to $1.94 billion. (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. 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. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). About; . var __dcid = __dcid || []; 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. 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. Blackbaud Inc dropped approximately 0.1% in the past year. The investment fund also strengthened its position in Blackbaud Inc by buying Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. 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. .. Baird Adjusts Price Target on Blackbaud to $66 From $70, Maintains Neutral Rating, Transcript : Blackbaud, Inc., Q4 2022 Earnings Call, Feb 14, 2023, Blackbaud Q4 Adjusted Earnings Drop; Revenue Rises; Sets Full-Year 2023 Outlook, Blackbaud, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. All rights reserved. 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. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. SEC Filings include 13F quarterly reports, 13D/G events and more. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. 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 . More information is available at www.juniperindustrial.com. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in We also use third-party cookies that help us analyze and understand how you use this website. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Managing Director, Motive Partners +447855910178. Here is the complete portfolio . But opting out of some of these cookies may affect your browsing experience. This was a Private Equity round raised on May 29, 2018. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. The Janus team operates out of several U.S. locations and six locations internationally. These cookies do not store any personal information. 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. The promissory note will mature on December 15, 2023. About Clearlake. 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. Moelis & Company LLC is also acting as financial advisor to Juniper. 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. These cookies will be stored in your browser only with your consent. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . Managing Director, Motive Partners. 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 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 . Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Our industry is at a critical juncture as our customers begin modernizing and adopting our technologies and invest in upgrading existing and new facilities, added Mr. Jackson. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. +447855910178. Chelsea marks its first foray into pro sports. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. 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. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. 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 . SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. ( 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 and the . Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. that closed in April. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. 2018 Cohesive Capital. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. Clearlake Media Contact. 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.