Clearlake provided the Company with initial capital in 2012 to begin developing our Oakdale facility and has been a good partner for the Company over the last eleven years.". Clearlake Capital Group and Motive Partners Acquire BetaNXT In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp The Pennsylvania-based . Are there any attempts to gain ground? Smart Sand Inc. (SND) Stock AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). This website uses cookies to improve your experience while you navigate through the website. Clearlake Media Contact - Lambert. US :BLKB. 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 . 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 . Clearlake Capital Engages in Discussions with Blackbaud, Inc 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. Clearlake Capital Group, L.p. Net Worth (2023) - GuruFocus.com By Donald Mazariegos Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. These cookies will be stored in your browser only with your consent. Copyright 2023 Surperformance. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. 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 serves customers in the State of California. 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). 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 Clearlake . We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. In this episode, hear how Yee introduced Jay Electronica to Jay Z, why she decided to book Eminem for one of his first shows, and how she's expanded her empire to include real estate and a new coffee venture. Recent trades. Clearlake Capital Group, L.P. completed the acquisition of the 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. Necessary cookies are absolutely essential for the website to function properly. agreement to acquire the BETA+ assets from London Stock Exchange Group . The transaction was unanimously approved by Cornerstone's Board of Directors. More information is available at www.janusintl.com. 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. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Please. 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. Clearlake Capital Group, L.p. increases ownership in BLKB - Fintel Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. The investment fund also strengthened its position in Blackbaud Inc by buying Do Not Sell My Personal Data/Privacy Policy. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. 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. 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 . These positions were updated on August 15th based on the funds latest 13F filing. With a sector . These cookies do not store any personal information. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp 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 . Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. 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. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. CLEARLAKE CAPITAL GROUP, L.P., the Director of Smart Sand Inc., sale 1,265,137 shares at $1.91 during a trade that took place back on Sep 19, which means that CLEARLAKE CAPITAL GROUP, L.P. is . 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. The Firm invests in both private and public transactions. 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 . Stocks with a size of more than $100 million in market cap make up I write about buyouts, mergers, acquisitions and other dealmaking. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 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. 2018 Cohesive Capital. Chelsea marks its first foray into pro sports. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. Clearlake and Motive-Backed Software Platform BetaNXT Expands The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. Clearlake Portfolio Company Janus International Group Announces SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . More information is available at www.clearlake.com and on Twitter @ClearlakeCap. 2023 Benzinga.com. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. IAPD - Investment Adviser Public Disclosure - Homepage 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 . Untangling Motive And Clearlake's Median Communications Deal | Wealth 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. 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. 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. Shares +10.2% at $1.95 after hours. 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. Past performance is a poor indicator of future performance. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Smart Sand stock jumps 10% after buying Clearlake's entire stake in company 3,774,352 additional shares. Vector Capital will make minority investment at closing. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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 . This weeks new fund blew past an initial target of $10 billion. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR 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. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. that closed in April. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Clearlake Capital | Portfolio 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. Will His AI Plans Be Any Different? Clearlake Capital Group - LinkedIn Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Smart Sand, Inc. Announces Rep - GuruFocus.com Clearlake Capital and Motive Partners Agree to Acquire BETA+ from TEMPLE, GA, AND SANTA MONICA, CA, June 7, 2021 Janus International Group, Inc. (Janus or the Company), Clearlake Capital Group, L.P. (Clearlake) and Juniper Industrial Holdings, Inc. (Juniper) announced today the closing of Janus previously announced business combinationwith Juniper, a publicly-listed special purpose acquisition company (NYSE: JIH). SND repurchased 5.18 million . Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. 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. I want to thank Clearlake for its long-term commitment to Smart Sand. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. All rights reserved. Clearlake Media Contact. (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. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. The Company invests and focuses on private equity, communications, health care, and industrial companies. Stock Market | FinancialContent Business Page * 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). Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. The firm has offices in Santa Monica and Dallas. (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. 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. Managing Director, Motive Partners. 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 . Clearlake Capital Group, L.P. completed the acquisition of Intertape Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. SAM TIDSWELL-NORRISH. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. ABOUT CLEARLAKE. But opting out of some of these cookies may affect your browsing experience. 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. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. var __dcid = __dcid || []; Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. are based in the United States. There are currently 7 companies in Mr. Cannons portfolio. It is mandatory to procure user consent prior to running these cookies on your website. The transaction is expected to be completed in the second half of 2021. Clearlake Capital to Acquire Confluence from TA Associates 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. We also use third-party cookies that help us analyze and understand how you use this website. 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 In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . Delayed London Stock Exchange 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. 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 . Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. They manage Intermediate Capital : The group going all in on single-asset BETA, Maxit and Digital Investor will operates as BetaNXT. . Currently, their heaviest sector is Technology making up 61.9% of Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. For more information please contact: JENNIFER HURSON. ng-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are technology, industrials and consumer. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . +1-845-507-0571. Blackbaud Inc dropped approximately 0.1% in the past year. APO Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Understanding the Recent Fluctuations of Smart Sand Inc.'s (SND) Stock Announces Repurchase of All Common Stock Owned by Clearlake Capital. Clearlakes operational improvement approach is O.P.S. Operations. This website uses cookies to improve your experience while you navigate through the website. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Clearlake Capital Group was a net buyer of stock by $498M. 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. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. About Clearlake Capital Group, L.P. SEC Filings include 13F quarterly reports, 13D/G events and more. This data is downloadable for data subscribers. 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. These cookies do not store any personal information. Clearlake Capital Group, L.P. operates as an investment company. 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. More information is available at www.juniperindustrial.com. Clearlake Sells Majority Interest in Floworks to Wynnchurch Capital 14% of the total holdings value. 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 . The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. All rights reserved. This category only includes cookies that ensures basic functionalities and security features of the website. Sports & Betting Group Of The Year: Paul Weiss - Law360 . All rights reserved. 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. 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. sam@motivepartners.com . Clearlake Capital Group, L.P. and Motive Capital Management, LLC 2022-02-14 20:23. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. All rights reserved. This category only includes cookies that ensures basic functionalities and security features of the website. 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 has $1.5B in assets under management (AUM), dropping by -0.74%. 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