After this action, CLEARLAKE CAPITAL GROUP, L.P. now owns 5,175,688 shares of Smart Sand Inc., valued at $3,459,116 using the latest closing price. What Will New Tax Laws Mean For Your Business? About Clearlake Capital Group, L.P. 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. Now, Mediant's technology will join the three pieces Clearlake and Motive acquired a year ago for $1.1 billion from Refinitiv, a part of the London Stock Exchange Group (at which time a . Clearlake Capital Group. 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. London Stock Exchange Group plc ("LSEG") today announces it has agreed to divest BETA, Maxit and Digital Investor (collectively "BETA+") to affiliates of Clearlake Capital Group L.P ("Clearlake") and Motive Partners ("Motive") for a total cash consideration of $1,100 million ("the Transaction"), before tax and separation costs. 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. (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. Here is the complete portfolio . 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. "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. is an investment fund managing more than $1.5 billion ran by John Cannon. Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. 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. 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And its already been busy putting its new pool of capital to work. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. The transaction has an enterprise value of approximately $5.2 billion. The purchase prices were between $10.2 and $11.64, with an estimated average price of $10.67. John Cannon also disclosed a decreased stake in Smart Sand Inc by 0.2%. The stock is now traded at . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. var __dcid = __dcid || []; Clearlakes operational improvement approach is O.P.S. Operations. . SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . Company profile page for Clearlake Capital Group LP including stock price, company news, press releases, executives, board members, and contact information Private equity firms Clearlake Capital Group and Motive Partners acquired BetaNXT from the London Stock Exchange in 2022 and are looking to expand its market presence in the U.S. Based in Santa Monica, California, Clearlake is led by Jos E. Feliciano and Behdad Eghbali. In addition, the fund holds 53,999,550 shares of Janus International Group In worth $488 million. The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. var __dcid = __dcid || []; 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 . 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. 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. 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.. It also specializes in the middle and lower . The total portfolio value may be much higher due to cash Blackbaud : DA Davidson Adjusts Blackbaud PT to $75 From $56, Maintains Neutra.. President, Chief Executive Officer & Director, CFO, Executive VP-Finance & Administration. Necessary cookies are absolutely essential for the website to function properly. 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 . __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); MacKenzie will be paid an approximately $25,000 plus expenses. More information is available at www.clearlake.com and on Twitter @Clearlake. Delayed London Stock Exchange Blackbaud Inc dropped approximately 0.1% in the past year. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. But opting out of some of these cookies may affect your browsing experience. The economy, corruption and Goldman Sachs dominate the first international interview with Malaysia's new Prime Minister. "We are committed to delivering long term value to our shareholders," stated Charles Young, Smart Sand's Chief Executive Officer. Smart Sand ( NASDAQ: SND) on Tuesday said it bought Clearlake Capital Group's entire stake in the company for about $8.85 million. We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. 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. And with so many firms seeking to raise funds, LPs have plenty of options. . All rights reserved. Stocks with a size of more than $100 million in market cap make up Cornerstone OnDemand, Inc. acquired EdCast Inc. We also use third-party cookies that help us analyze and understand how you use this website. $1.5 billion and $1.5 billion respectively. In their previous filing dated June 8, 2021, the investor reported owning 5,724,154 shares . The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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 . * Investors with a full data subscription can access data for any fund. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. This is a BETA experience. 57.1% of the portfolio companies The Company invests and focuses on private equity, communications, health care, and industrial companies. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. 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. Currently, their heaviest sector is Technology making up 61.9% of the total portfolio value. 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 ). 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 . For more information please contact: JENNIFER HURSON. 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. SEC Filings include 13F quarterly reports, 13D/G events and more. 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.,. CHARLOTTE, N.C. and SANTA MONICA, Calif., March 2, 2023 /PRNewswire/ -- Discovery Education (or the "Company"), a global edtech company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake "), today announced the appointment of Jeremy Cowdrey as Chief Executive Officer (CEO). The average market cap of the portfolio companies is close to $1.94 billion. 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. All rights reserved. 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. About Clearlake. This leaves the value of the investment at $16.4 million and 8,200,204 shares. Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. Cornerstone OnDemand, Inc. Appoints Ryan Courson as Chief Financial Officer. These cookies will be stored in your browser only with your consent. The promissory note will mature on December 15, 2023. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. US :BLKB. Chelsea marks its first foray into pro sports. The majority of the companies in the funds portfolio are small-cap stocks. The firm believes that demand is due to the success of its past two funds. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. Cornerstone OnDemand : Mizuho Adjusts Price Target on Cornerstone O.. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. These cookies do not store any personal information. Benzinga does not provide investment advice. 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. acted as financial advisors to Clearlake. Smart Sand, Inc. Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Blackbaud Inc dropped approximately 0.1% in the past year. jhurson@lambert.com. 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. Significant experience across Clearlakes There are currently 7 companies in Mr. Cannons portfolio. Funding. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Morgan Stanley (NYSE:MS), Rothschild & Co SCA (ENXTPA:ROTH), JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS), BofA Securities, Inc., Barclays PLC (LSE:BARC), Jefferies LLC and William Blair & Company, L.L.C. 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. +447855910178. Long-term strategic partnership with management to transform and grow companies. . This website uses cookies to improve your experience while you navigate through the website. This weeks new fund blew past an initial target of $10 billion. 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. 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. ("Clearlake"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several . 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. 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. Lee BeckelmanPhone: (281) 231-2660Email: lbeckelman@smartsand.com. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other . This category only includes cookies that ensures basic functionalities and security features of the website. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. This is the second largest buyout fund in the U.S. so far this year, trailing a $19 billion effort from KKR .. 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. Copyright 2023 Surperformance. By continuing to browse, you hereby agree to the use of cookies. As of October 12, 2021, the shareholders of Cornerstone OnDemand, Inc. has approved the deal. 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 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. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As a result . Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics 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. But opting out of some of these cookies may affect your browsing experience. Clearlake Capital Group was a net buyer of stock by $498M. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. All subsequent written or oral forward-looking statements attributable to Janus or Juniper or persons acting on its behalf are qualified in their entirety by this paragraph. All rights reserved. Central Index Key (CIK): 0001688282; KKR 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. BETA, Maxit and Digital Investor will operates as BetaNXT. 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. By continuing to browse, you hereby agree to the use of cookies. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in . Our industry is at a critical juncture as our customers begin modernizing and adopting our technologies and invest in upgrading existing and new facilities, added Mr. Jackson. agreement to acquire the BETA+ assets from London Stock Exchange Group . 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. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. For more information, please visitwww.smartsand.com. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Juniper Industrial Holdings (JIH or Juniper) is a Special Purpose Acquisition Corporation (SPAC) targeting companies within the industrials sector. /PRNewswire/ -- Clearlake Capital Group, . These cookies do not store any personal information. and Apollo Global Management Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . The Firm invests in both private and public transactions. 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. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Cornerstone OnDemand : Needham Downgrades Cornerstone OnDemand to H.. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. 3,774,352 additional shares. 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 .
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