The stock was Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . 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. The average market cap of the portfolio companies is close to $1.94 billion. acted as financial advisors to Clearlake. Clearlake, though, didnt wait around. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. About Clearlake Capital Group, L.P. 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 . Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. The transaction has an enterprise value of approximately $5.2 billion. . Copyright 2023 Surperformance. 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. The rating was released on June 29, 2021, according to finviz. 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 ). Quickly find out what the most recently closed or increased positions are. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. The Company invests and focuses on private equity, communications, health care, and industrial companies. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. This data is downloadable for data subscribers. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. Shares +10.2% at $1.95 after hours. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. 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 . What Will New Tax Laws Mean For Your Business? 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. As a result . This was a Private Equity round raised on May 29, 2018. Chelsea marks its first foray into pro sports. 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Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . We are a fully integrated frac and industrial sand supply and services company. These cookies will be stored in your browser only with your consent. More information is available at www.juniperindustrial.com. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. By clicking the button below, your credit card will be charged $24.00 USD (one time) and you'll have access to all Clearlake Capital Group data for 90 days. Significant experience across Clearlakes Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. But opting out of some of these cookies may affect your browsing experience. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. 2018 Cohesive Capital. +1-845-507-0571. .. 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. Clearlakes operational improvement approach is O.P.S. Operations. 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. 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. This weeks new fund blew past an initial target of $10 billion. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR Recent trades. 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. 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.. These cookies do not store any personal information. The Janus team operates out of several U.S. locations and six locations internationally. Vector Capital will make minority investment at closing. 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. 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. Necessary cookies are absolutely essential for the website to function properly. All rights reserved. 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. var __dcid = __dcid || []; Clearlake is a leading private 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. 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. Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. Delayed London Stock Exchange Clearlake Capital Group was a net seller of stock by $-28M. 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. 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. . Blackbaud Inc dropped approximately 0.1% in the past year. that closed in April. And its already been busy putting its new pool of capital to work. Shares +10.2% at $1.95 after hours. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. The firm has offices in Santa Monica and Dallas. End-of-day quote Nasdaq Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. JENNIFER HURSON +1-845-507-0571. 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. 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, L.P. will pay $57.5 per share in cash. This category only includes cookies that ensures basic functionalities and security features of the 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. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. There are currently 7 companies in Mr. Cannons portfolio. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. 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. 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. 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 . Moelis & Company LLC is also acting as financial advisor to Juniper. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. The promissory note will mature on December 15, 2023. 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. Do Not Sell My Personal Data/Privacy Policy. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Clearlake Capital Group is a private investment firm founded in 2006. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. BETA, Maxit and Digital Investor will operates as BetaNXT. 57.1% of the portfolio companies Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information SEC Filings include 13F quarterly reports, 13D/G events and more. By continuing to browse, you hereby agree to the use of cookies. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . This category only includes cookies that ensures basic functionalities and security features of the website. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. 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. 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? But opting out of some of these cookies may affect your browsing experience. Clearlake Capital Group is funded by 3 investors. 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 . Stocks with a size of more than $100 million in market cap make up APO 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 . KKR Currently, their heaviest sector is Technology making up 61.9% of This website uses cookies to improve your experience while you navigate through the website. Benzinga does not provide investment advice. SAM TIDSWELL-NORRISH. But it . SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . 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. is the Director, 10% Owner of Janus International Group Inc and owns about 1,693,600 shares of Janus International Group Inc (JBI) stock worth over $18 Million.Clearlake Capital Group, L.p. is also the Director, 10% Owner of Smart Sand Inc and owns about . Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Copyright 2023 Surperformance. 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 total portfolio value may be much higher due to cash June 7, 2021 I write about buyouts, mergers, acquisitions and other dealmaking. agreement to acquire the BETA+ assets from London Stock Exchange Group . the total portfolio value. It is mandatory to procure user consent prior to running these cookies on your website. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. are based in the United States. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Central Index Key (CIK): 0001688282; We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. Clearlake Capital Group was a net buyer of stock by $498M. 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. 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.". The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. This represents 12.4 percent ownership of the company. But the tides have turned. 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. 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 . It primarily invests in the industrial and energy sectors, technology and software, and consumer services. All rights reserved. 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. We also use third-party cookies that help us analyze and understand how you use this website. The Juniper team has a robust network of relationships within industrial and investment communities built over 60+ years of combined industry experience, and a deep understanding of industrial trends. It sold the previously owned 5,511,703 shares for $316 million. The firm believes that demand is due to the success of its past two funds. 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. Funding. By continuing to browse, you hereby agree to the use of cookies. For more information, visit our Privacy Policy. Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. MacKenzie will be paid an approximately $25,000 plus expenses. Javascript is disabled or is not supported by your browser. (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. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. $1.5 billion and $1.5 billion respectively. BX Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. 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. 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. 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 . +447855910178. 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, L.P. entered into a definitive agreement to acquire Intertape Polymer Group Inc. (TSX:ITP) from individual shareholders and others for CAD 2.5 billion on March 7, 2022. This website uses cookies to improve your experience while you navigate through the website. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. Here is the complete portfolio . investment firm founded in 2006. 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. (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. 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. 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 . 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. Clearlake Capital Group. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); BETA, Maxit and Digital Investor will operates as BetaNXT. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. Lambert. All rights reserved. /PRNewswire/ -- Clearlake Capital Group, . 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 . Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. 3,774,352 additional shares. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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.. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. For more information please contact: JENNIFER HURSON. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Media Contact - Lambert. 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. is a leading private investment firm founded in 2006. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. You also have the option to opt-out of these cookies. 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 .
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