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. Musk Made a Mess at Twitter. 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 . But opting out of some of these cookies may affect your browsing experience. The transaction is not subject to a financing condition. Vector Capital will make minority investment at closing. Strategy. 2018 Cohesive Capital. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. jhurson@lambert.com . The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. 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. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . "Bloomberg Opinion" columnists offer their opinions on issues in the news. 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. You also have the option to opt-out of these cookies. By continuing to browse, you hereby agree to the use of cookies. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . Please. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics 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. APO Significant experience across Clearlakes Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. 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. 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. Clearlake Capital Group is a private investment firm founded in 2006. I want to thank Clearlake for its long-term commitment to Smart Sand. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. These cookies will be stored in your browser only with your consent. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Smart Sand, Inc. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, expiration or termination of any waiting periods applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act and approval by a majority of Cornerstone stockholders. The investment fund also strengthened its position in Blackbaud Inc by buying Benzinga does not provide investment advice. 14% of the total holdings value. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. 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. 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. 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, . 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. 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 . 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 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. Long-term strategic partnership with management to transform and grow companies. More information is available at www.clearlake.com and on Twitter @Clearlake. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. 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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. The Firm invests in both private and public transactions. 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. 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. Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Necessary cookies are absolutely essential for the website to function properly. For more information, please visitwww.smartsand.com. Delayed Nasdaq Necessary cookies are absolutely essential for the website to function properly. But opting out of some of these cookies may affect your browsing experience. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . 2022-02-14 20:23. 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.. 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. But opting out of some of these cookies may affect your browsing experience. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The firm has offices in Santa Monica and Dallas. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. These cookies do not store any personal information. acted as financial advisors to Clearlake. You also have the option to opt-out of these cookies. It is mandatory to procure user consent prior to running these cookies on your website. All rights reserved. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . 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. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the "Sponsors"), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group ("LSEG"), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax . Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. What Will New Tax Laws Mean For Your Business? And with so many firms seeking to raise funds, LPs have plenty of options. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. +447855910178. This website uses cookies to improve your experience while you navigate through the website. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. Managing Director, Motive Partners +447855910178. 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. /PRNewswire/ -- Clearlake Capital Group, . 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. Recent trades. (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. 2023 Benzinga.com. BETA, Maxit and Digital Investor will operates as BetaNXT. 3,774,352 additional shares. 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 var __dcid = __dcid || []; The average market cap of the portfolio companies is close to $1.94 billion. Copyright 2023 Surperformance. 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. Central Index Key (CIK): 0001688282; Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . 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). MacKenzie will be paid an approximately $25,000 plus expenses. This represents 12.4 percent ownership of the company. Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. 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. Managing Director, Motive Partners. 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. The fund focuses on investments in the United States as Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. . 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 . Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. THE BIGGER PICTURE: A 1.5 billion ($1.8bn) project is said to be in the pipeline, with Todd Boehly and the Blues' Clearlake Capital ownership group ready to press ahead with rebuilding plans.It . Quickly find out what the most recently closed or increased positions are. 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. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. Clearlake is a leading private Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. 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.. 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. 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. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. The transaction is expected to close in the second half of 2022. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. June 7, 2021 Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector . All rights reserved. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. 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. 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. Appointment Signals a Continued Focus on Driving Growth and Impact. Clearlake Capital Group was a net seller of stock by $-28M. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. 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. About; . 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. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. The Pennsylvania-based . Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. It sold the previously owned 5,511,703 shares for $316 million. Clearlake Capital Group, L.P. is an investment firm founded in 2006 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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. ABOUT CLEARLAKE. 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.

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