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. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Strategy. 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 . 2018 Cohesive Capital. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. You also have the option to opt-out of these cookies. 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. Shares +10.2% at $1.95 after hours. 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 . This category only includes cookies that ensures basic functionalities and security features of the website. 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. This weeks new fund blew past an initial target of $10 billion. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. Will His AI Plans Be Any Different? 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. Copyright 2023 Surperformance. 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 . Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. But opting out of some of these cookies may affect your browsing experience. 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. 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 . 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. Significant experience across Clearlakes Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in For more information, please visitwww.smartsand.com. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. This is a BETA experience. Spencer Klein of Morrison & Foerster as legal advisor to Qatalyst Partners LP and Centerview Partners LLC. Such forward-looking statements are based on the current beliefs of the respective management of Janus and Juniper, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. It sold the previously owned 5,511,703 shares for $316 million. Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Exempt Reporting Advisers ("ERA") are investment advisers that are not required to register as investment advisers because they rely on certain exemptions from registration under sections 203(l) and 203(m) of the Investment Advisers Act of 1940 and related rules. Currently, their heaviest sector is Technology making up 61.9% of Clearlake Capital Group is funded by 3 investors. Delayed London Stock Exchange Do Not Sell My Personal Data/Privacy Policy. 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 . "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. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. All rights reserved. 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. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. This represents 12.4 percent ownership of the company. The third-largest holding is BlackLine Inc worth $361 million and the next is Holley Inc worth $28.9 million, with 2,750,000 shares owned. The rating was released on June 29, 2021, according to finviz. Differentiated approach to investing Clearlake Capital Group was a net seller of stock by $-28M. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. 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. The two most similar investment funds to Clearlake Capital Group, L.P. are P Schoenfeld Asset Management L.P. and Livforsakringsbolaget Skandia, Omsesidigt. the total portfolio value. The firm's core target sectors are technology, industrials, and consumer. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. 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 . Javascript is disabled or is not supported by your browser. 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. 3,774,352 additional shares. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. 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.,. JENNIFER HURSON +1-845-507-0571. Clearlake Capital Group. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. . 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. 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, . As a result of the transaction, Cornerstone is now a privately held company and . var __dcid = __dcid || []; jhurson@lambert.com. All statements other than statements of historical fact included in this communication are forward-looking statements. .. 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. Founded in 2006, Clearlake is an investment firm, operating integrated businesses across private equity, credit, and other related strategies. You may opt-out by. 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. /PRNewswire/ -- Clearlake Capital Group, . This website uses cookies to improve your experience while you navigate through the website. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. End-of-day quote Nasdaq BX The transaction is expected to close in the second half of 2022. These cookies will be stored in your browser only with your consent. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. 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? Stocks with a size of more than $100 million in market cap make up 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. Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. 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 . Qatalyst Partners LP and Centerview Partners LLC acted as financial advisors and fairness opinion provider and Jamie Leigh, Rachel Proffitt, Matt Silverman and Ben Beerle led team and Tracy Rubin, Barbara Mirza, Mischi A Marca, Megan Browdie, Howard Morse, Sarah Lightdale, David Silverman, Todd Gluth, Stella Sarma, Christine Graham, Kevin King, Christopher Kimball, Alexander Israel, Jason Savich, and David Navetta of Cooley LLP acted as legal counsel to Cornerstone. I want to thank Clearlake for its long-term commitment to Smart Sand. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Clearlake Media Contact - Lambert. jhurson@lambert.com . Musk Made a Mess at Twitter. acted as financial advisors to Clearlake. Clearlake Capital Group was a net buyer of stock by $498M. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. More information is available at www.clearlake.com and on Twitter @Clearlake. Mergers & Acquisitions Atlas Offers Separate Stock and Warrants Trading . 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 . and Apollo Global Management The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. 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. But the tides have turned. As a result . Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. 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. are based in the United States. Managing Director, Motive Partners +447855910178. Clearlake Capital Group serves customers in the State of California. And with so many firms seeking to raise funds, LPs have plenty of options. There are currently 7 companies in Mr. Cannons portfolio. 2018 Cohesive Capital. The fund focuses on investments in the United States as In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . Please. With a sector-focused approach, the . 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. Smart Sand, Inc. 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. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. Clearlake Capital Group is a private investment firm founded in 2006. These positions were updated on August 15th based on the funds latest 13F filing. These cookies do not store any personal information. . Necessary cookies are absolutely essential for the website to function properly. The firm has offices in Santa Monica and Dallas.
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