clearlake capital group stock
The majority of the companies in the funds portfolio are small-cap stocks. "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. June 7, 2021 Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. For more information please contact: JENNIFER HURSON. For more information, visit our Privacy Policy. Necessary cookies are absolutely essential for the website to function properly. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Necessary cookies are absolutely essential for the website to function properly. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. The Janus team operates out of several U.S. locations and six locations internationally. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. The estimated net worth of Clearlake Capital Group, L.p. is at least $27 Million dollars as of 2023-02-28. By continuing to browse, you hereby agree to the use of cookies. 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.. The transaction was unanimously approved by Cornerstone's Board of Directors. Strategy. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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.. 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. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. 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. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. The firm has deployed its seventh fund for a $2.6 billion takeover of Intertape Polymer Group, a reported $5.4 billion acquisition of Quest Software and a half-dozen other deals to date. Untangling Motive And Clearlake's Median Communications Deal | Wealth About; . Appointment Signals a Continued Focus on Driving Growth and Impact. 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. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. JENNIFER HURSON +1-845-507-0571. End-of-day quote Nasdaq 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. 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. 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. Announces Repurchase of All Common Stock Owned by Clearlake Capital. APO Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". 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 is a leading investment firm focused on private equity and special situation transactions. People. 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. SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . But the tides have turned. 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. Clearlake Capital Group serves customers in the State of California. Clearlake Capital and Motive Partners agree to acquire BETA+ from The stock was . Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. It is mandatory to procure user consent prior to running these cookies on your website. 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. Clearlake Capital to Acquire Confluence from TA Associates Copyright 2023 Surperformance. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. The transaction is not subject to a financing condition. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. Livforsakringsbolaget Skandia, Omsesidigt, Stocks and cryptocurrency portfolio tracker. 2023-02-28 | NDAQ:SND | Press Release | Smart Sand Inc. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp 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 . 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. Smart Sand's Financial Position Is Quickly Deteriorating There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Fraser Allan, James Robertson and Tom Brown of BofA Securitiesacted as sole financial adviser to LSEG. Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the "Sponsors"), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group ("LSEG"), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax . 2018 Cohesive Capital. 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. About Clearlake. SEC Filings include 13F quarterly reports, 13D/G events and more. Delayed Nasdaq "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. 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. Past performance is a poor indicator of future performance. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. This is a BETA experience. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. You also have the option to opt-out of these cookies. BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. 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. Clearlake Capital to Acquire Confluence from TA Associates - PR Newswire All rights reserved. Funding. All statements other than statements of historical fact included in this communication are forward-looking statements. 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. 2018 Cohesive Capital. This is Clearlake Capital Group's 4th and Motive Partners' 1st transaction in the Business Services sector. Clearlake Capital Group LP - Company Profile and News 2018 Cohesive Capital. 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. Shares +10.2% at $1.95 after hours. 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. I want to thank Clearlake for its long-term commitment to Smart Sand. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. Are there any attempts to gain ground? Smart Sand Inc. (SND) Stock Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. 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 . var __dcid = __dcid || []; 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. 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. /PRNewswire/ -- Clearlake Capital Group, . Clearlake Capital Group, L.P. and Motive Capital Management, LLC The firm has offices in Santa Monica and Dallas. Smart Sand, Inc. Announces Rep - GuruFocus.com Clearlake Capital Completes Acquisition of Cornerstone OnDemand 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 . 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. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. 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? AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). This leaves the value of the investment at $16.4 million and 8,200,204 shares. 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. I write about buyouts, mergers, acquisitions and other dealmaking. 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. 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. 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 investment fund also strengthened its position in Blackbaud Inc by buying Blackbaud Inc dropped approximately 0.1% in the past year. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. 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. 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. $1.5 billion and $1.5 billion respectively. 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. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. 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 Clearlake Capital Group | Company Profile | Private Equity International These cookies will be stored in your browser only with your consent. But opting out of some of these cookies may affect your browsing experience. Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout - Forbes 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. 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. Moelis & Company LLC is also acting as financial advisor to Juniper. 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.,. MacKenzie will be paid an approximately $25,000 plus expenses. .. 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. that closed in April. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . Copyright 2023 Surperformance. 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. These cookies will be stored in your browser only with your consent. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. and Apollo Global Management On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Clearlake Capital Group was a net buyer of stock by $498M. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. Clearlake and Motive-Backed Software Platform BetaNXT Expands 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 . Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. Clearlake Capital-Backed Discovery Education Names EdTech Veteran Clearlake Capital Group Company Profile - Craft
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