Shares +10.2% at $1.95 after hours. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Blackbaud Inc dropped approximately 0.1% in the past year. 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.. 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. Necessary cookies are absolutely essential for the website to function properly. Past performance is a poor indicator of future performance. 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. 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. These cookies do not store any personal information. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake Media Contact. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. But the tides have turned. And its already been busy putting its new pool of capital to work. Do Not Sell My Personal Data/Privacy Policy. Please. With a sector-focused approach, the . 14% of the total holdings value. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "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. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. Stocks with a size of more than $100 million in market cap make up Copyright 2023 Surperformance. and Apollo Global Management 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, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Clearlake Capital Group serves customers in the State of California. Clearlake Capital Group is funded by 3 investors. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. 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. are based in the United States. 2022-02-14 20:23. Quickly find out what the most recently closed or increased positions are. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. This category only includes cookies that ensures basic functionalities and security features of the website. 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. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. The transaction is expected to close in the second half of 2022. For more information, visit our Privacy Policy. Lambert. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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. 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.. var __dcid = __dcid || []; There are currently 7 companies in Mr. Cannons portfolio. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Here is the complete portfolio . Managing Director, Motive Partners +447855910178. * 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). The total portfolio value may be much higher due to cash Smart Sand, Inc. (NASDAQ: SND) (the Company) announced today that it has repurchased 5.18 million shares of the Companys common stock (the Shares) from Clearlake Capital Partners II (Master), L.P.,. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 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. 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. 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 is a leading investment firm focused on private equity and special situation transactions. Vector Capital will make minority investment at closing. This website uses cookies to improve your experience while you navigate through the website. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. 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. Strategy. 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. Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. 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Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. Vivek K Chandy, Shafaq Sapre, Kumarmanglam Vijay, Shareen Gupta, Karthik BM, Vaibhav Choukse, Anjana Potti and Preetha S of J. Sagar Associates acted as legal advisor to Clearlake Capital Group, L.P. and Motive Capital Management, LLC on the Indian leg of their acquisition of BETA+ assets from Refinitiv India, a London Stock Exchange Group company. It sold the previously owned 5,511,703 shares for $316 million. 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. (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. /PRNewswire/ -- Clearlake Capital Group, . "We believe this buyout of Clearlake's equity position demonstrates our focus on shareholder returns and is a good investment in the future of Smart Sand.
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