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 . Morgan Stanley & Co. LLC is acting as financial advisor to Janus. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Smart Sand (SND) Announces Repurchase of All Common Stock Owned by Clearlake, though, didnt wait around. 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. /PRNewswire/ -- Clearlake Capital Group, . Necessary cookies are absolutely essential for the website to function properly. Clearlake Capital Group, L.p. Net Worth (2023) - GuruFocus.com The total portfolio value may be much higher due to cash 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. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. Guinea Sets Two-Week Deadline for Alumina Plants Projects, RAF Jets Escort Plane in Distress to Stansted Airport, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Rivian Tells Staff EV Output May Be 24% More Than Forecast, Shortage ofMetals for EVs Is Rising Up the Agenda in Automakers C-Suites, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, John Malone andCharter Directors Agree to $87.5 Million Settlement, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. 2018 Cohesive Capital. All statements other than statements of historical fact included in this communication are forward-looking statements. acted as financial advisors to Clearlake. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. 14% of the total holdings value. Delayed London Stock Exchange The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. This was a Private Equity round raised on May 29, 2018. The firm believes that demand is due to the success of its past two funds. Clearlakes operational improvement approach is O.P.S. Operations. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . 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. completed the acquisition of Intertape Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. 2022-02-14 20:23. More information is available at www.juniperindustrial.com. Clearlake Capital Group to Acquire Unifrax From American Securities We also use third-party cookies that help us analyze and understand how you use this website. 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. This category only includes cookies that ensures basic functionalities and security features of the website. Intermediate Capital : The group going all in on single-asset In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . 2018 Cohesive Capital. 57.1% of the portfolio companies As of 8th August 2022, Clearlake Capital Group, L.P.s top holding is 9,751,837 shares of Blackbaud Inc currently worth over $566 million and making up 37.8% of the portfolio value. Stocks with a size of more than $100 million in market cap make up are based in the United States. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. Clearlake is a leading private With a sector . 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 is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. CLEARLAKE CAPITAL GROUP, L.P. Top 13F Holdings - WhaleWisdom.com Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. These positions were updated on August 15th based on the funds latest 13F filing. jhurson@lambert.com. 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. 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 has $1.5B in assets under management (AUM), dropping by -0.74%. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. By Donald Mazariegos Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Shares +10.2% at $1.95 after hours. 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. The transaction was unanimously approved by Cornerstone's Board of Directors. 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. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Clearlake Capital Group, L.p. - SEC Filings - Fintel.io SAM TIDSWELL-NORRISH. +447855910178. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. 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 and the remainder was financed through an unsecured promissory note issued to 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 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. 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 . OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. More information is available at www.clearlake.com and on Twitter @Clearlake. You may opt-out by. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Javascript is disabled or is not supported by your browser. Announces Repurchase of All Common Stock Owned by Clearlake Capital. Clearlake Capital Group serves customers in the State of California. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake and Motive-Backed Software Platform BetaNXT Expands Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. 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? Clearlake Capital Group. 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. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. But opting out of some of these cookies may affect your browsing experience. 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 . 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 . Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. 2023-02-28 | NDAQ:SND | Press Release | Smart Sand Inc. .. 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. You also have the option to opt-out of these cookies. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. The stock was Smart Sand stock jumps 10% after buying Clearlake's entire stake in company Clearlake Capital-Backed Discovery Education Names EdTech Veteran 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-Backed Discovery Education Names EdTech Veteran the total portfolio value. 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. * Investors with a full data subscription can access data for any fund. 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. Managing Director, Motive Partners. 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 . Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. Clearlake Capital Group Company Profile - Craft Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. 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. 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. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. 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. It is mandatory to procure user consent prior to running these cookies on your website. Intertape Polymer Group Inc. ("IPG") Enters into 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. All rights reserved. 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. 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. 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 . About Clearlake. 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 . Clearlake Capital Group raised a new fund: Clearlake Capital Partners VII LP ($14,100,000,000) . +1-845-507-0571. I want to thank Clearlake for its long-term commitment to Smart Sand. And its already been busy putting its new pool of capital to work. Clearlake Capital and Motive Partners agree to acquire BETA+ from 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.
Mason Rudolph House, Patio Homes For Sale In Lexington, Sc, Articles C