Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. The promissory note will mature on December 15, 2023. Javascript is disabled or is not supported by your browser. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Cornerstone OnDemand, Inc. acquired EdCast Inc. 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. 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 . JENNIFER HURSON +1-845-507-0571. 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. For more information, please visitwww.smartsand.com. The transaction is expected to close in the second half of 2022. var __dcid = __dcid || []; More information is available at www.clearlake.com and on Twitter @ClearlakeCap. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. This was a Private Equity round raised on May 29, 2018. All statements other than statements of historical fact included in this communication are forward-looking statements. Delayed London Stock Exchange Funding. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. This data is downloadable for data subscribers. Will His AI Plans Be Any Different? SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Clearlake Capital Group, L.P. operates as an investment company. -, 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. 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. Clearlake Capital Group was a net seller of stock by $-28M. APO As a result . 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. SHAREHOLDER (COMMON STOCK) indirect: 2000-10-01: 2004-07-12: CAPITAL GROWTH MANAGEMENT LTD PARTNERSHIP: SHAREHOLDER (SERIES A) indirect: 2000-10-01: Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. These cookies will be stored in your browser only with your consent. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. 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. SAM TIDSWELL-NORRISH. 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. are based in the United States. 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. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR These cookies will be stored in your browser only with your consent. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. (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. Announces Repurchase of All Common Stock Owned by Clearlake Capital. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. Appointment Signals a Continued Focus on Driving Growth and Impact. These cookies do not store any personal information. SAM TIDSWELL-NORRISH. The Pennsylvania-based . Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. 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. This website uses cookies to improve your experience while you navigate through the website. 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. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. Chelsea marks its first foray into pro sports. 57.1% of the portfolio companies Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. Differentiated approach to investing 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. . 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.. But the tides have turned. 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. Significant experience across Clearlakes Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. We also use third-party cookies that help us analyze and understand how you use this website. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 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. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in Juniper or Januss filings with the SEC. 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, . 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. People. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . But opting out of some of these cookies may affect your browsing experience. 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 . I write about buyouts, mergers, acquisitions and other dealmaking. Clearlake, though, didnt wait around. 2022-02-14 20:23. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. 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. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); +447855910178. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. that closed in April. 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. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. We also use third-party cookies that help us analyze and understand how you use this website. 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. and Apollo Global Management The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. The total portfolio value may be much higher due to cash 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. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. /PRNewswire/ -- Clearlake Capital Group, . The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. the total portfolio value. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. 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. It is mandatory to procure user consent prior to running these cookies on your website. 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. 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. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. 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 . acted as financial advisors to Clearlake. Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 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. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Clearlake Capital Group was a net buyer of stock by $498M. jhurson@lambert.com. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . "Bloomberg Opinion" columnists offer their opinions on issues in the news. But it . Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. 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. Lambert. About; . Shares +10.2% at $1.95 after hours. .. 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. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. With a sector . 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? This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. 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. The stock is now traded at . The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Musk Made a Mess at Twitter. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Clearlake is a leading private The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. End-of-day quote Nasdaq The Company invests and focuses on private equity, communications, health care, and industrial companies. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. 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 . Copyright 2023 Surperformance. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. Necessary cookies are absolutely essential for the website to function properly. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . 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 . 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 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. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. 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. 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. By continuing to browse, you hereby agree to the use of cookies. Clearlake Capital Group has raised 1 round. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. 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 consideration of $1.1 billion will be paid in cash, before tax and separation costs. 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. This website uses cookies to improve your experience while you navigate through the website. Here is the complete portfolio . * To download the data without a subscription, you can purchase 90-day access to a single fund (Clearlake Capital Group) for $24.00 USD (one time). Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. Blackbaud Inc dropped approximately 0.1% in the past year. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. 14% of the total holdings value. The transaction is not subject to a financing condition. 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.. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS These cookies do not store any personal information. About Clearlake. 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. . Long-term strategic partnership with management to transform and grow companies. 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. The investment fund also strengthened its position in Blackbaud Inc by buying The estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. Do Not Sell My Personal Data/Privacy Policy. BETA, Maxit and Digital Investor will operates as BetaNXT. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Recent trades. Moelis & Company LLC is also acting as financial advisor to Juniper.
Vegas Odds President 2024,
New Orleans Lakefront Airport Restaurant,
Past Presidents Of Ramblers Association,
Articles C