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. Clearlake Capital Group Clearlake Capital Group - Slintel 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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . jhurson@lambert.com. We also use third-party cookies that help us analyze and understand how you use this website. There are currently 7 companies in Mr. Cannons portfolio. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. BX Cornerstone OnDemand enters definitive agreement to - Clearlake Capital Endurance International Group Announces Agreement to be Copyright 2023 Surperformance. The Shares represent all of the common stock owned by Clearlake and approximately 11.3% of the outstanding shares of the Company's common stock immediately prior to the purchase. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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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. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. acted as financial advisors to Clearlake. 2023 Benzinga.com. ABOUT CLEARLAKE. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Clearlake Capital Group Announces Senior Promotions and New Additions Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. (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. June 7, 2021 Leah Sauter, Peter Harwich, Lisa Watts, Eric Kamerman, Jennifer Pepin, Farrell Malone, Kelly Fayne, Steven Betensky, Tony Kim, Andrew Galdes, Drew Levin, Anna Ngo, Edward Barnett and Farah O'Brien of Latham & Watkins LLP acted as legal advisor for London Stock Exchange Group plc in the transaction. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. About Clearlake. Clearlake Capital-Backed Discovery Education Names EdTech Veteran This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. "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. Here is the complete portfolio . 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 . are based in the United States. We also use third-party cookies that help us analyze and understand how you use this website. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. . Clearlake Capital Group - Tech Stack, Apps, Patents & Trademarks Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% 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. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Clearlake Capital Group, L.P. operates as an investment company. 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. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from 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 Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Sports & Betting Group Of The Year: Paul Weiss - Law360 It sold the previously owned 5,511,703 shares for $316 million. Clearlake Capital Group, L.P. completed the acquisition of the Past performance is a poor indicator of future performance. "Bloomberg Opinion" columnists offer their opinions on issues in the news. End-of-day quote Nasdaq 2018 Cohesive Capital. Central Index Key (CIK): 0001688282; Please. 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. These cookies do not store any personal information. 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. 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. CLEARLAKE CAPITAL GROUP, L.P., the Director of Smart Sand Inc., sale 1,265,137 shares at $1.91 during a trade that took place back on Sep 19, which means that CLEARLAKE CAPITAL GROUP, L.P. is . The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Clearlake Capital to Acquire Confluence from TA Associates Clearlake Capital Group, L.P. ("Clearlake"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several . 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. The largest investments include Blackbaud Inc and Janus International Group In, together worth $1.05 billion. The majority of the companies in the funds portfolio are small-cap stocks. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. 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. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. 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. Blackbaud Inc dropped approximately 0.1% in the past year. It also specializes in the middle and lower . AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). People. 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. Moelis & Company LLC is also acting as financial advisor to Juniper. Smart Sand's Financial Position Is Quickly Deteriorating 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. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . The investment fund also strengthened its position in Blackbaud Inc by buying Long-term strategic partnership with management to transform and grow companies. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Clearlake Capital Group serves customers in the State of California. All rights reserved. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Understanding the Recent Fluctuations of Smart Sand Inc.'s (SND) Stock The transaction is not subject to a financing condition. SAM TIDSWELL-NORRISH. This website uses cookies to improve your experience while you navigate through the website. 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. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. . 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. 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. Clearlake Capital Group, L.P. and Motive Capital Management, LLC