These positions were updated on August 15th based on the funds latest 13F filing. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. But the tides have turned. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. SANTA MONICA, Calif. - Oct. 15, 2021 - Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") . The firm's core target sectors are technology, industrials, and consumer. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. Clearlake Capital to Acquire Confluence from TA Associates We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Capital Group has raised 1 round. Smart Sand (NASDAQ:SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. Blackbaud Inc dropped approximately 0.1% in the past year. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. This category only includes cookies that ensures basic functionalities and security features of the website. The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. Certain stockholders, including Clearlake, representing 15.65% of Cornerstone OnDemand's outstanding shares have agreed to vote their shares in favor of the transaction. Cornerstone Expands Content Portfolio with Technologies That Connect, Curate, and Manag.. Clearlake Capital-Backed Cornerstone Expands Executive Leadership Team. Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit, and related strategies. The majority of the companies in the funds portfolio are small-cap stocks. 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 . Clearlake Capital Engages in Discussions with Blackbaud, Inc Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, lo. SEC Filings include 13F quarterly reports, 13D/G events and more. -, SoftBank snub shows London risks losing its listings lustre, London Stock Exchange urges rapid UK reforms after Arm's snub, HSBC issues USD150.0 million senior unsecured notes due 2036, Ireland's Cairn Homes Launches EUR40 Million Share Buyback, Norges Bank - Form 8.3 - Horizon Therapeutics Plc, Citigroup cuts Admiral; Jefferies likes PPHE, SoftBank's Arm rebuffs London by choosing U.S. listing, Standard Chartered Buys Back 2.7 Million Shares, Metal Tiger to delist from AIM, to maintain trading on ASX, Citigroup cuts Persimmon; HSBC raises Asos, Goldman Sachs Trims London Stock Exchange PT, Maintains Buy Rating, Group Chief Executive Officer & Executive Director. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. Clearlake Capital Group, L.P. operates as an investment company. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. By Donald Mazariegos KKR This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. The Janus team operates out of several U.S. locations and six locations internationally. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Managing Director, Motive Partners. Clearlake Media Contact - Lambert. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. The average market cap of the portfolio companies is close to $1.94 billion. Clearlake Capital Group was a net seller of stock by $-28M. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. Clearlake Capital Group - LinkedIn Just seven years ago, the firm closed its fourth flagship fund on $1.38 billion. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto This represents 12.4 percent ownership of the company. 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. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. By continuing to browse, you hereby agree to the use of cookies. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Clearlake Capital to Acquire Confluence from TA Associates - PR Newswire 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. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); SAM TIDSWELL-NORRISH. 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. These cookies will be stored in your browser only with your consent. Intertape Polymer Group Inc. ("IPG") Enters into 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. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. IAPD - Investment Adviser Public Disclosure - Homepage Delayed London Stock Exchange Musk Made a Mess at Twitter. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. -, BLACKBAUD INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS June 7, 2021 Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. Smart Sand's Financial Position Is Quickly Deteriorating The rating was released on June 29, 2021, according to finviz. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. 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 . 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. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. TEMPLE, GA, AND SANTA MONICA, CA, June 7, 2021 Janus International Group, Inc. (Janus or the Company), Clearlake Capital Group, L.P. (Clearlake) and Juniper Industrial Holdings, Inc. (Juniper) announced today the closing of Janus previously announced business combinationwith Juniper, a publicly-listed special purpose acquisition company (NYSE: JIH). . in a $2 billion cash-and-stock sale to Penn National Gaming Inc. These cookies do not store any personal information. the total portfolio value. 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. 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. 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 . The Pennsylvania-based . All rights reserved. Jose Mourinho sent-off again as Cremonese finally win a match in Serie Understanding the Recent Fluctuations of Smart Sand Inc.'s (SND) Stock 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. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. 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. You also have the option to opt-out of these cookies. 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. Necessary cookies are absolutely essential for the website to function properly. SND repurchased 5.18 million . 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. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Announces Repurchase of All Common Stock Owned by Clearlake Capital. Quickly find out what the most recently closed or increased positions are. Managing Director, Motive Partners +447855910178. 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. Vector Capital will make minority investment at closing. 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. Will His AI Plans Be Any Different? We also use third-party cookies that help us analyze and understand how you use this website. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Moelis & Company LLC is also acting as financial advisor to Juniper. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. It is mandatory to procure user consent prior to running these cookies on your website. Endurance International Group Announces Agreement to be 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. 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. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. The transaction was unanimously approved by Cornerstone's Board of Directors. Clearlake Capital Completes Acquisition of Cornerstone OnDemand Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Clearlake Capital Group serves customers in the State of California. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. under Risk Factors in Part I, Item 1A of Junipers Form 10-K for the year ended December 31, 2020, Part II, Item 1A of Junipers Form 10-Q for the quarterly period ended March 31, 2021 and in Juniper and Januss other filings. About Clearlake. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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. Past performance is a poor indicator of future performance. +447855910178. On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Together with Juniper, we believe Janus is uniquely positioned to drive considerable additional stakeholder value and look forward to our continued partnership., Our goal with Juniper was not only to find a great investment for our platform, but to also partner with an industry leading company with an abundant number of growth opportunities where our team can add significant value and resources, said Roger Fradin, Chairman of Juniper. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. "Bloomberg Opinion" columnists offer their opinions on issues in the news. (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. 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, L.P. will pay $57.5 per share in cash. The transaction is expected to be completed in the second half of 2021. Here is the complete portfolio . 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. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR And with so many firms seeking to raise funds, LPs have plenty of options. The investment fund also strengthened its position in Blackbaud Inc by buying Smart Sand, Inc. Announces Rep - GuruFocus.com Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. This website uses cookies to improve your experience while you navigate through the website. Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . Bloomberg reported last month that Blackstone, Apollo and TPG are all offering investors the option to delay commitments to their latest flagship funds until 2023. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Stock Market | FinancialContent Business Page 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 has ascended into the upper echelons of private equity fundraising with some serious speed. Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. The transaction is not subject to a financing condition. LSEG to divest BETA+ to Clearlake and Motive and enters strategic We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. * 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). Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. 2018 Cohesive Capital. 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. 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. 2023 Benzinga.com. We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. 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. 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.,. Clearlake Capital Group, L.P. completed the acquisition of Intertape The Company invests and focuses on private equity, communications, health care, and industrial companies. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . Are Chelsea going to knock down Stamford Bridge? Latest on 1.5 billion Smart Sand stock jumps 10% after buying Clearlake's entire stake in company Certain statements in this communication may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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.. I want to thank Clearlake for its long-term commitment to Smart Sand. The promissory note will mature on December 15, 2023. Evercore ISI raised the price target for the Smart Sand Inc. (NASDAQ:SND) stock from "an Underperform" to "an In-line". Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. We could not be more excited that Ramey and the broader Janus and Clearlake teams are our partners here, and we look forward to leveraging our teams decades of industrial and access control experience to support Janus strategic vision.. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. 2023-02-28 | NDAQ:SND | Press Release | Smart Sand Inc. Vivek K Chandy, Shafaq Sapre, Kumarmanglam Vijay, Shareen Gupta, Karthik BM, Vaibhav Choukse, Anjana Potti and Preetha S of J. Sagar Associates acted as legal advisor to Clearlake Capital Group, L.P. and Motive Capital Management, LLC on the Indian leg of their acquisition of BETA+ assets from Refinitiv India, a London Stock Exchange Group company. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. 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Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Delayed Nasdaq This was a Private Equity round raised on May 29, 2018. All subsequent written and oral forward-looking statements concerning Janus and Juniper, the transaction or other matters and attributable to Janus and Juniper or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. All rights reserved. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. Clearlake Capital Group, L.p. has filed a 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,977,485 shares of Blackbaud, Inc. ( BLKB ). We are a fully integrated frac and industrial sand supply and services company. 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. 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. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Clearlake Capital Group, L.P. completed the acquisition of the About; . Clearlake is a leading private But opting out of some of these cookies may affect your browsing experience. 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.