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 is a private investment firm founded in 2006. 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. (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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.. Here is the complete portfolio . 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. 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 . These cookies do not store any personal information. The Firm invests in both private and public transactions. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. 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. and Apollo Global Management 53,999,550 shares of Janus International Group In worth $488 million, Holley Inc worth $28.9 million, with 2,750,000 shares owned, Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million, Blackbaud Inc total 9,751,837 shares worth $566 million. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. We also use third-party cookies that help us analyze and understand how you use this website. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . This website uses cookies to improve your experience while you navigate through the website. They manage 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. . Blackbaud Inc dropped approximately 0.1% in the past year. Copyright 2023 Surperformance. About Clearlake Capital Group, L.P. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Delayed London Stock Exchange In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Clearlake is one of several private equity firms to set its sights on pro sports in recent years. By continuing to browse, you hereby agree to the use of cookies. End-of-day quote Nasdaq John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. SAM TIDSWELL-NORRISH. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. These cookies will be stored in your browser only with your consent. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. +1-845-507-0571. 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 currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. .. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . 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. 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. All rights reserved. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. For more information, please visitwww.smartsand.com. The transaction is expected to close in the second half of 2022. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Benzinga does not provide investment advice. More information is available at www.clearlake.com and on Twitter @Clearlake. 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 leaves the value of the investment at $16.4 million and 8,200,204 shares. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. 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 . 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. 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 . Comments are Off, Janus, a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and commercial industrial sectors, will begin trading on the NYSE under ticker JBI. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: Recent trades. For more information please contact: JENNIFER HURSON. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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 14% of the total holdings value. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Differentiated approach to investing Janus, a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other commercial and industrial sectors, will begin trading on June 8, 2021 on the New York Stock Exchange (NYSE) under the ticker symbol JBI. 2018 Cohesive Capital. SEC Filings include 13F quarterly reports, 13D/G events and more. Blackbaud Inc dropped approximately 0.1% in the past year. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . 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. 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. 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. The firm's core target sectors are technology, industrials, and consumer. Clearlake Capital Group. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. 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 . Morgan Stanley & Co. LLC is acting as financial advisor to Janus. JENNIFER HURSON +1-845-507-0571. You also have the option to opt-out of these cookies. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. Clearlake Capital Group was a net buyer of stock by $498M. the total portfolio value. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. This was a Private Equity round raised on May 29, 2018. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). All rights reserved. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. var __dcid = __dcid || []; 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. 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. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. 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. Clearlake Capital Group, L.P. will pay $57.5 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. US :BLKB. BETA, Maxit and Digital Investor will operates as BetaNXT. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. 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 . BX 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. 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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. The Pennsylvania-based . __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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 . Quickly find out what the most recently closed or increased positions are. Copyright 2023 Surperformance. All rights reserved. Necessary cookies are absolutely essential for the website to function properly. "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. under Risk Factors in Part I, Item 1A of Junipers Form 10-K for the year ended December 31, 2020, Part II, Item 1A of Junipers Form 10-Q for the quarterly period ended March 31, 2021 and in Juniper and Januss other filings. But it . 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. Long-term strategic partnership with management to transform and grow companies. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. 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. This category only includes cookies that ensures basic functionalities and security features of the website. The transaction was unanimously approved by Cornerstone's Board of Directors. 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. All rights reserved. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. For more information, visit our Privacy Policy. Strategy. You also have the option to opt-out of these cookies. Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. (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. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. 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 . But the tides have turned. This website uses cookies to improve your experience while you navigate through the website. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. The fund focuses on investments in the United States as Landmark Partners and Goldman Sachs Asset Management are the most recent investors. 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. 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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. 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. Appointment Signals a Continued Focus on Driving Growth and Impact. 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. 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. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. that closed in April. Necessary cookies are absolutely essential for the website to function properly. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. These cookies do not store any personal information. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . Blackbaud Inc dropped approximately 0.1% in the past year. More information is available at www.juniperindustrial.com. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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, . Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. The firm has offices in Santa Monica and Dallas. 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. 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. Do Not Sell My Personal Data/Privacy Policy. . Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. It sold the previously owned 5,511,703 shares for $316 million. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. 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. +447855910178. With a sector-focused approach, the . 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. 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. * Investors with a full data subscription can access data for any fund. Currently, their heaviest sector is Technology making up 61.9% of 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. The Shares represent all of the common stock owned by Clearlake and approximately 11.3% of the outstanding shares of the Company's common stock immediately prior to the purchase. 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. 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. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. 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 . Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. And its already been busy putting its new pool of capital to work. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Stocks with a size of more than $100 million in market cap make up 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. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. 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 . The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. 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. We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. 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. 2018 Cohesive Capital. Shares +10.2% at $1.95 after hours. Will His AI Plans Be Any Different? 57.1% of the portfolio companies Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock.
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