London Stock Exchange Group plc ("LSEG") today announces it has agreed to divest BETA, Maxit and Digital Investor (collectively "BETA+") to affiliates of Clearlake Capital Group L.P ("Clearlake") and Motive Partners ("Motive") for a total cash consideration of $1,100 million ("the Transaction"), before tax and separation costs. The majority of the companies in the funds portfolio are small-cap stocks. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. 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. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. They manage Since our initial investment, Janus has executed on its growth strategy and developed game changing technology solutions that the industry cannot ignore. 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. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. The Janus team operates out of several U.S. locations and six locations internationally. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Smart Sand, Inc. 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. 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. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. 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. agreement to acquire the BETA+ assets from London Stock Exchange Group . Clearlake Capital Group, L.P. operates as an investment 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. 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). Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. 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. $1.5 billion and $1.5 billion respectively. These cookies will be stored in your browser only with your consent. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR Managing Director, Motive Partners +447855910178. BETA, Maxit and Digital Investor will operates as BetaNXT. These cookies will be stored in your browser only with your consent. 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. Copyright 2023 Surperformance. All rights reserved. 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 . Clearlake Media Contact - Lambert. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. Clearlake Capital Group is a private investment firm founded in 2006. 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 . Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . Clearlake Capital Group has raised 1 round. 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . 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. You also have the option to opt-out of these cookies. This website uses cookies to improve your experience while you navigate through the website. Vector Capital will make minority investment at closing. Recent trades. 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.. SAM TIDSWELL-NORRISH. The stock was It primarily invests in the industrial and energy sectors, technology and software, and consumer services. Clearlake Capital Group, L.P. and Motive Capital Management, LLC entered into a definitive agreement to acquire BETA, Maxit and Digital Investor assets from London Stock Exchange Group plc (LSE:LSEG) for $1.1 billion on March 21, 2022. It sold the previously owned 5,511,703 shares for $316 million. /PRNewswire/ -- Clearlake Capital Group, . These positions were updated on August 15th based on the funds latest 13F filing. . 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. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. 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. .. 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. var __dcid = __dcid || []; 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. As a result of the transaction, Cornerstone is now a privately held company and . Cornerstone OnDemand, Inc. acquired EdCast Inc. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. As a result . These cookies do not store any personal information. Stocks with a size of more than $100 million in market cap make up The investment fund also strengthened its position in Blackbaud Inc by buying Clearlake Media Contact. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. You may opt-out by. var __dcid = __dcid || []; Clearlake Capital Group is funded by 3 investors. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. 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. The transaction was unanimously approved by Cornerstone's Board of Directors. 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.". Clearlake remains Janus largest shareholder and Chief Executive Officer Ramey Jackson will continue to lead the Company. 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 sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. 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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS More information is available at www.clearlake.com and on Twitter @ClearlakeCap. About Clearlake. 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. 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 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. in a $2 billion cash-and-stock sale to Penn National Gaming Inc. Clearlake Capital Group was a net seller of stock by $-28M. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. "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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