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The investment fund also strengthened its position in Blackbaud Inc by buying But opting out of some of these cookies may affect your browsing experience. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. Here is the complete portfolio . 2023 Benzinga.com. We are a fully integrated frac and industrial sand supply and services company. 14% of the total holdings value. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. Blackbaud Inc dropped approximately 0.1% in the past year. investment firm founded in 2006. This website uses cookies to improve your experience while you navigate through the website. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. 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 . Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. 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ABOUT CLEARLAKE. These cookies do not store any personal information. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . You also have the option to opt-out of these cookies. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. These cookies do not store any personal information. But it . On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. . The firm's core target sectors are technology, industrials, and consumer. These positions were updated on August 15th based on the funds latest 13F filing. 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. 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. 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 . The Pennsylvania-based . Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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 ). (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 was a net seller of stock by $-28M. 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 Apollo Global Management And with so many firms seeking to raise funds, LPs have plenty of options. 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 . 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. 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. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Together with Juniper, we believe Janus is uniquely positioned to drive considerable additional stakeholder value and look forward to our continued partnership., Our goal with Juniper was not only to find a great investment for our platform, but to also partner with an industry leading company with an abundant number of growth opportunities where our team can add significant value and resources, said Roger Fradin, Chairman of Juniper. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. The Firm invests in both private and public transactions. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . * 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). 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 Media Contact. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. that closed in April. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. 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 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. 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? 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. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. Managing Director, Motive Partners +447855910178. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. 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. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake Capital Group was a net buyer of stock by $498M. Leah Sauter, Peter Harwich, Lisa Watts, Eric Kamerman, Jennifer Pepin, Farrell Malone, Kelly Fayne, Steven Betensky, Tony Kim, Andrew Galdes, Drew Levin, Anna Ngo, Edward Barnett and Farah O'Brien of Latham & Watkins LLP acted as legal advisor for London Stock Exchange Group plc in the transaction. With a sector . I write about buyouts, mergers, acquisitions and other dealmaking. Clearlake Capital Group. 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, 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. It also specializes in the middle and lower . It is mandatory to procure user consent prior to running these cookies on your website. Such forward-looking statements are based on the current beliefs of the respective management of Janus and Juniper, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. 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 remainder was financed through an unsecured promissory note issued to Clearlake. 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. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. 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. The transaction is expected to be completed in the second half of 2021. 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. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. 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. About Clearlake Capital Group, L.P. We also use third-party cookies that help us analyze and understand how you use this website. This category only includes cookies that ensures basic functionalities and security features of the website. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Clearlake Capital Group is funded by 3 investors. var __dcid = __dcid || []; Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . 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. 2018 Cohesive Capital. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. This was a Private Equity round raised on May 29, 2018. 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. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. This leaves the value of the investment at $16.4 million and 8,200,204 shares. This website uses cookies to improve your experience while you navigate through the website. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. As a result . 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. the total portfolio value. These cookies will be stored in your browser only with your consent. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. 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.. +1-845-507-0571. These cookies will be stored in your browser only with your consent. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Stocks with a size of more than $100 million in market cap make up The Company invests and focuses on private equity, communications, health care, and industrial companies. 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. 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. KKR 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 . assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. US :BLKB. This website uses cookies to improve your experience while you navigate through the website. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. 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, . Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. 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 . (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. Do Not Sell My Personal Data/Privacy Policy. 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.. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. JENNIFER HURSON +1-845-507-0571. Long-term strategic partnership with management to transform and grow companies. 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. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. 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 is a leading private BETA, Maxit and Digital Investor will operates as BetaNXT. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. 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. Announces Repurchase of All Common Stock Owned by Clearlake Capital. 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. Managing Director, Motive Partners. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. Necessary cookies are absolutely essential for the website to function properly. All rights reserved. Blackbaud Inc dropped approximately 0.1% in the past year. Benzinga does not provide investment advice. 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 . By continuing to browse, you hereby agree to the use of cookies. It is mandatory to procure user consent prior to running these cookies on your website. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Past performance is a poor indicator of future performance. 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. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. More information is available at www.clearlake.com and on Twitter @Clearlake. This category only includes cookies that ensures basic functionalities and security features of the website. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information This is a BETA experience. You may opt-out by. BX Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion.