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 and Motive Partners Acquire BetaNXT 3,774,352 additional shares. Lambert. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Clearlakes operational improvement approach is O.P.S. Operations. . What Will New Tax Laws Mean For Your Business? ABOUT CLEARLAKE. It also specializes in the middle and lower . All rights reserved. We are fortunate to have had Clearlakes support and their technology and building products expertise over the last several years as we built new software-based solutions and closed on several accretive acquisitions. 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.". Funding. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. There are currently 7 companies in Mr. Cannons portfolio. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Clearlake Capital Group - stockzoa LSEG to divest BETA+ to Clearlake and Motive and enters strategic 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 We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. The total portfolio value may be much higher due to cash Clearlake Capital Group serves customers in the State of California. Clearlake Capital Group is a private investment firm founded in 2006. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Copyright 2023 Surperformance. And its already been busy putting its new pool of capital to work. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. With a sector . Clearlake Capital Group | Company Profile | Private Equity International 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 . 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. All statements other than statements of historical fact included in this communication are forward-looking statements. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. Central Index Key (CIK): 0001688282; This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR Clearlake Capital Group, L.P. 13F annual report - wallmine For more information, please visitwww.smartsand.com. Smart Sand stock jumps 10% after buying Clearlake's entire stake in company 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. /PRNewswire/ -- Clearlake Capital Group, . 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. This website uses cookies to improve your experience while you navigate through the website. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. These cookies will be stored in your browser only with your consent. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. Clearlake Capital Group was a net buyer of stock by $498M. The promissory note will mature on December 15, 2023. 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. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. 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 estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. 2023 Benzinga.com. "Bloomberg Opinion" columnists offer their opinions on issues in the news. 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. Significant experience across Clearlakes In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . 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. Clearlake Capital | Portfolio core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Clearlake Capital Clearlake Capital-Backed Discovery Education Names EdTech Veteran 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. 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. and Motive Capital Management, LLC US :BLKB. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Smart Sand's Financial Position Is Quickly Deteriorating agreement to acquire the BETA+ assets from London Stock Exchange Group . 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. 57.1% of the portfolio companies This category only includes cookies that ensures basic functionalities and security features of the website. Earlier this month, Clearlake Capital played a key role in one of the biggest sports deals ever. But opting out of some of these cookies may affect your browsing experience. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. . 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. the total portfolio value. 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 . SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . But the tides have turned. 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. About Clearlake Capital Group, L.P. Founded in 2006 by Jose E. Feliciano and Behdad Eghbali, it now manages some $72 billion in assets, with most of its dealmaking focused on the tech, industrials and consumer sectors. Necessary cookies are absolutely essential for the website to function properly. 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. .. 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. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Intermediate Capital : The group going all in on single-asset Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. June 7, 2021 Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Shares +10.2% at $1.95 after hours. 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Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. The stock is now traded at . 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, . Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. 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 Capital Group, L.P. completed the acquisition of the Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. Clearlake Capital Group, L.p. increases ownership in BLKB - Fintel Clearlake Capital Group Announces Senior Promotions and New Additions Blackbaud Inc dropped approximately 0.1% in the past year. Delayed Nasdaq OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. 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. Clearlake Media Contact - Lambert. $1.5 billion and $1.5 billion respectively. End-of-day quote Nasdaq 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. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. that closed in April. We are a fully integrated frac and industrial sand supply and services company. Clearlake and Motive-Backed Software Platform BetaNXT Expands 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. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Blackbaud Inc dropped approximately 0.1% in the past year. The stock was Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. This was a Private Equity round raised on May 29, 2018. The investment fund also strengthened its position in Blackbaud Inc by buying Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 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 ). In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. People. 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. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 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. 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 largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. The Company invests and focuses on private equity, communications, health care, and industrial companies. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in 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. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Clearlake Capital Completes Acquisition of Cornerstone OnDemand For more information, visit our Privacy Policy. BX 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? 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. Endurance International Group Announces Agreement to be But it . This leaves the value of the investment at $16.4 million and 8,200,204 shares. 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 claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. But opting out of some of these cookies may affect your browsing experience. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. 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 . More information is available at www.juniperindustrial.com. 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. 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. -, Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manage Content from Anywhere, Cornerstone OnDemand, Inc. The rating was released on June 29, 2021, according to finviz. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. -, SoftBank snub shows London risks losing its listings lustre, London Stock Exchange urges rapid UK reforms after Arm's snub, HSBC issues USD150.0 million senior unsecured notes due 2036, Ireland's Cairn Homes Launches EUR40 Million Share Buyback, Norges Bank - Form 8.3 - Horizon Therapeutics Plc, Citigroup cuts Admiral; Jefferies likes PPHE, SoftBank's Arm rebuffs London by choosing U.S. listing, Standard Chartered Buys Back 2.7 Million Shares, Metal Tiger to delist from AIM, to maintain trading on ASX, Citigroup cuts Persimmon; HSBC raises Asos, Goldman Sachs Trims London Stock Exchange PT, Maintains Buy Rating, Group Chief Executive Officer & Executive Director. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from 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. Strategy. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. Smart Sand, Inc. Announces Rep - GuruFocus.com Managing Director, Motive Partners +447855910178. The Firm invests in both private and public transactions. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . It is mandatory to procure user consent prior to running these cookies on your website. +1-845-507-0571. Understanding the Recent Fluctuations of Smart Sand Inc.'s (SND) Stock