US :BLKB. 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. Clearlakes operational improvement approach is O.P.S. Operations. 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. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. 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. Smart Sand, Inc. 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. 2022-02-14 20:23. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. You may opt-out by. 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. . 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, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other 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. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. This data is downloadable for data subscribers. Clearlake Capital Group, L.P. entered into a definitive agreement to acquire remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) for $3.8 billion on August 5, 2021. All statements other than statements of historical fact included in this communication are forward-looking statements. The total portfolio value may be much higher due to cash Shares +10.2% at $1.95 after hours. Clearlake Capital Group. Vector Capital will make minority investment at closing. But it . Clearlake Capital Group was a net buyer of stock by $498M. The $57.50 per share purchase price represents a premium of approximately 31% to Cornerstone's unaffected closing stock price on June 1, 2021, the last full trading day prior to Clearlake filing a Schedule 13D in . The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. 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 . Janus International Group (Janus) is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions and new technologies, including: automation and access control technologies, roll up and swing doors, hallway systems, re-locatable storage units, and much more. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. Clearlake Media Contact - Lambert. The group has backed some of the largest and highest-profile single-asset continuation funds in recent years, including writing a 500 million cheque for a process involving nuclear medicine company Curium Pharma, managed by CapVest; investing $1 billion in a process on software company DigiCert, managed by Clearlake Capital; underwriting . We are a fully integrated frac and industrial sand supply and services company. 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. 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 . 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. Clearlake Capital Group was a net seller of stock by $-28M. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. SAM TIDSWELL-NORRISH. Lambert. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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 . We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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, . Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . 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. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. The Pennsylvania-based . By continuing to browse, you hereby agree to the use of cookies. 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. Central Index Key (CIK): 0001688282; The firm believes that demand is due to the success of its past two funds. The transaction is not subject to a financing condition. jhurson@lambert.com. I write about buyouts, mergers, acquisitions and other dealmaking. 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.. * 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). Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. There are currently 7 companies in Mr. Cannons portfolio. The Financial Balancing Act Of 2023: Prioritizing Sustainable Growth, 12 Essential Things To Know Before Leveraging Tax Equity Investments, 3 Emerging Trends In Silicon Valley's Unicorn Market, Three Ways To Shore Up Your Risk Management Practices. The transaction was unanimously approved by Cornerstone's Board of Directors. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . 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 . They manage SAM TIDSWELL-NORRISH. TEMPLE, GA, AND SANTA MONICA, CA, June 7, 2021 Janus International Group, Inc. (Janus or the Company), Clearlake Capital Group, L.P. (Clearlake) and Juniper Industrial Holdings, Inc. (Juniper) announced today the closing of Janus previously announced business combinationwith Juniper, a publicly-listed special purpose acquisition company (NYSE: JIH). The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. 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 sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. 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. But opting out of some of these cookies may affect your browsing experience. With a sector-focused approach, the . $1.5 billion and $1.5 billion respectively. the total portfolio value. A multidisciplinary team, led by Abbott, advised Clearlake Capital Group LP in backing a 4.25 billion . 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. 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 . Will His AI Plans Be Any Different? By Donald Mazariegos These cookies will be stored in your browser only with your consent. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Benzinga does not provide investment advice. 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 . The investment fund also strengthened its position in Blackbaud Inc by buying Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. 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. SND repurchased 5.18 million . 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. 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. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. The stock was 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 has $1.5B in assets under management (AUM), dropping by 43.70%. 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. 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 Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. +447855910178. Managing Director, Motive Partners +447855910178. 2018 Cohesive Capital. 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. For more information please contact: JENNIFER HURSON. But opting out of some of these cookies may affect your browsing experience. 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). Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in Juniper or Januss filings with the SEC. About Clearlake Capital Group Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. June 7, 2021 Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. The Firm invests in both private and public transactions. The stock is now traded at . Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Copyright 2023 Surperformance. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. 14% of the total holdings value. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. +1-845-507-0571. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . Blackbaud Inc dropped approximately 0.1% in the past year. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . 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. and Apollo Global Management In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Currently, their heaviest sector is Technology making up 61.9% of __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. What Will New Tax Laws Mean For Your Business? The Janus team operates out of several U.S. locations and six locations internationally. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. . All rights reserved. The rating was released on June 29, 2021, according to finviz. 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. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. jhurson@lambert.com . Clearlake Capital Group serves customers in the State of California. * Investors with a full data subscription can access data for any fund. Clearlake is a leading private 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. 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. For more information, please visitwww.smartsand.com. 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. Past performance is a poor indicator of future performance. 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. All rights reserved. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. You also have the option to opt-out of these cookies. By continuing to browse, you hereby agree to the use of cookies. This was a Private Equity round raised on May 29, 2018. Copyright 2023 Surperformance. Necessary cookies are absolutely essential for the website to function properly. agreement to acquire the BETA+ assets from London Stock Exchange Group . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 Janus International Group, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 47103N106 (CUSIP Number) John Cannon c/o Clearlake Capital Group, L.P. 233 Wilshire Blvd, Suite . 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 transaction is expected to close in the second half of 2022. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. Necessary cookies are absolutely essential for the website to function properly. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Copyright 2023 Surperformance. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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 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. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. All rights reserved. .. 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. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. Blackbaud Inc dropped approximately 0.1% in the past year. Clearlake Capital Group, L.P. operates as an investment company. BETA, Maxit and Digital Investor will operates as BetaNXT. 3,774,352 additional shares. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 57.1% of the portfolio companies 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. Junipers management team has a proven track record of identifying market-leading technologies across the industrial spectrum, and an affinity for businesses with strong brands and mission-critical offering. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . It also specializes in the middle and lower . BX Appointment Signals a Continued Focus on Driving Growth and Impact. 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. var __dcid = __dcid || []; The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. 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 the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets.