There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Delayed Nasdaq 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. 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. 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. Musk Made a Mess at Twitter. For more information please contact: JENNIFER HURSON. Stocks with a size of more than $100 million in market cap make up 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. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. For more information, please visitwww.smartsand.com. The promissory note will mature on December 15, 2023. 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. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. Managing Director, Motive Partners. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. 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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . * Investors with a full data subscription can access data for any fund. 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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Benzinga does not provide investment advice. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. Clearlake Media Contact. People. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. You also have the option to opt-out of these cookies. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. Shares +10.2% at $1.95 after hours. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. The transaction was unanimously approved by Cornerstone's Board of Directors. 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. This website uses cookies to improve your experience while you navigate through the website. You also have the option to opt-out of these cookies. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. . On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. MacKenzie Partners, Inc. acted as an information agent and Computershare Trust Company, National Association as transfer agent for Cornerstone. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. These cookies will be stored in your browser only with your consent. Announces the Release of its New Talent Experience Platform, Cornerstone OnDemand Appoints Nishchae Suri as Managing Director at Cornerstone India. . This was a Private Equity round raised on May 29, 2018. Copyright 2023 Surperformance. The investment fund also strengthened its position in Blackbaud Inc by buying The firm believes that demand is due to the success of its past two funds. OF OPERATIONS (form 10-K), Blackbaud : Q4 2022 Blackbaud, Inc. Earnings Conference Call - Transcript. Clearlake Capital Group is funded by 3 investors. Clearlake claims a 57.7% net IRR for its fifth flagship fund and a 78.8% net IRR for its sixth vehicle. It is mandatory to procure user consent prior to running these cookies on your website. 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. 2022-02-14 20:23. 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. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. 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. Lambert. * 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). Copyright 2023 Surperformance. By continuing to browse, you hereby agree to the use of cookies. 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. About; . The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. All rights reserved. BETA, Maxit and Digital Investor will operates as BetaNXT. jhurson@lambert.com . assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. 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 . core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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. 57.1% of the portfolio companies Clearlake Capital Group. Recent trades. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemswellsite storage capabilities. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. All rights reserved. As a result of the transaction, Cornerstone is now a privately held company and . The transaction is not subject to a financing condition. 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 acquired Janus in 2018, and the Company has grown tremendously over the last several years, introducing numerous new software-based access control technologies and acquiring several critical accretive business lines. They manage Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 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 . Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. All rights reserved. 2018 Cohesive Capital. Currently, their heaviest sector is Technology making up 61.9% of 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? 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.. 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. 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. The firm's core target sectors are technology, industrials, and consumer. 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 . 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. Clearlake Capital Group has raised a total of $30.8B across 8 funds, their latest being Clearlake . For more information, visit our Privacy Policy. 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. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. It also specializes in the middle and lower . Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); This category only includes cookies that ensures basic functionalities and security features of the website. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. . But it . SND repurchased 5.18 million . Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. Clearlake is a leading private 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. Cornerstone OnDemand, Inc. acquired EdCast Inc. agreement to acquire the BETA+ assets from London Stock Exchange Group . Shares +10.2% at $1.95 after hours. With a sector-focused approach, the . Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Cornerstone OnDemand : Berenberg Bank Downgrades Cornerstone OnDema.. 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. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister.
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