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UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. 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. Necessary cookies are absolutely essential for the website to function properly. Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout - Forbes Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. SAM TIDSWELL-NORRISH. 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. APO The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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 . And its already been busy putting its new pool of capital to work. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. But it . Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. For more information, visit our Privacy Policy. 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). Differentiated approach to investing Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. The total portfolio value may be much higher due to cash Now, the Santa Monica-based buyout firm has closed its biggest fund yet. We could not be more excited that Ramey and the broader Janus and Clearlake teams are our partners here, and we look forward to leveraging our teams decades of industrial and access control experience to support Janus strategic vision.. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The average market cap of the portfolio companies is close to $1.94 billion. 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. Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . 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. This was a Private Equity round raised on May 29, 2018. Here is the complete portfolio . .. 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. 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. Bloomberg reported last month that Blackstone, Apollo and TPG are all offering investors the option to delay commitments to their latest flagship funds until 2023. This category only includes cookies that ensures basic functionalities and security features of the website. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Cornerstone OnDemand, Inc. acquired EdCast Inc. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. var __dcid = __dcid || []; There are currently 7 companies in Mr. Cannons portfolio. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 2018 Cohesive Capital. 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. It is mandatory to procure user consent prior to running these cookies on your website. 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. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. By Donald Mazariegos These cookies do not store any personal information. 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. 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. About Clearlake. 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 ). Clearlake Capital Group - Recent News & Activity 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 . OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. 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 . 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. 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. Clearlake Capital Group Closes Sixth Flagship Private Equity - Insider Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Clearlake Capital | Portfolio This weeks new fund blew past an initial target of $10 billion. Clearlake provided much of the financing for a victorious group led by billionaire Todd Boehly, with Sky News reporting the firm will own about 60% of the teams shares. 2018 Cohesive Capital. Smart Sand, Inc. This data is downloadable for data subscribers. Clearlake Capital Group, L.p. - SEC Filings - Fintel.io MacKenzie will be paid an approximately $25,000 plus expenses. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. Clearlake Capital Group, L.P. entered into a definitive agreement to acquire remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) for $3.8 billion on August 5, 2021. Private equity firms Clearlake Capital Group and Motive Partners acquired BetaNXT from the London Stock Exchange in 2022 and are looking to expand its market presence in the U.S. CLEARLAKE CAPITAL GROUP, L.P. Top 13F Holdings - WhaleWisdom.com 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. Clearlake Capital Group - Tech Stack, Apps, Patents & Trademarks For more information, please visitwww.smartsand.com. Clearlake Capital Group LP - Company Profile and News All rights reserved. You may opt-out by. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. 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. 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. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. LSEG to divest BETA+ to Clearlake and Motive and enters strategic This leaves the value of the investment at $16.4 million and 8,200,204 shares. The fund focuses on investments in the United States as Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. Copyright 2023 Surperformance. And with so many firms seeking to raise funds, LPs have plenty of options. 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. Funding. Clearlake Capital Group, L.P. and Motive Capital Management, LLC 14% of the total holdings value. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. For more information, visit our Privacy Policy. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. The stock is now traded at . [email protected] . With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. Clearlake Capital-Backed Discovery Education Names EdTech Veteran Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp 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 . Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Smart Sand, Inc. Announces Rep - GuruFocus.com Currently, their heaviest sector is Technology making up 61.9% of Clearlake Capital Group serves customers in the State of California. 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 uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. 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. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. [email protected] . 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. 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. It is mandatory to procure user consent prior to running these cookies on your website. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Lee BeckelmanPhone: (281) 231-2660Email: [email protected]. Clearlake Capital Group is a private investment firm founded in 2006. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by The firm believes that demand is due to the success of its past two funds. "Bloomberg Opinion" columnists offer their opinions on issues in the news.