Clearlake Capital Group, L.P. completed the acquisition of the remaining 91.74% stake in Cornerstone OnDemand, Inc. (NasdaqGS:CSOD) on October 15, 2021. 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.,. 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. This data is downloadable for data subscribers. This website uses cookies to improve your experience while you navigate through the website. Termination fee payable by Cornerstone to Clearlake Capital will be $150,000,000. 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. We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. LSEG expects to hand a "significant proportion" of the net proceeds to shareholders via a buyback, which would likely start in the third quarter. But the tides have turned. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Musk Made a Mess at Twitter. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. With a sector-focused approach, the . SPRING, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the "Company") announced . 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. The Firm invests in both private and public transactions. Delayed Nasdaq Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. 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. Will His AI Plans Be Any Different? The firm believes that demand is due to the success of its past two funds. 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 . 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. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Managing Director, Motive Partners. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. This represents 12.4 percent ownership of the company. Chelsea marks its first foray into pro sports. . Latest statistics and disclosures from Clearlake Capital Group's latest quarterly 13F-HR filing: Top 5 stock holdings are BLKB , . 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 . 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.. These cookies do not store any personal information. The rating was released on June 29, 2021, according to finviz. With a sector . 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. Cornerstone OnDemand, Inc. entered into a definitive agreement to acquire EdCast Inc. 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. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. Clearlake is a leading private core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. You also have the option to opt-out of these cookies. 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. 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. All rights reserved. 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. US :BLKB. 2023 Benzinga.com. We also use third-party cookies that help us analyze and understand how you use this website. Copyright 2023 Surperformance. 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.. 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. Morgan Stanley & Co. LLC is acting as financial advisor to Janus. 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. The stock was This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Blackbaud Inc dropped approximately 0.1% in the past year. Past performance is a poor indicator of future performance. 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. But opting out of some of these cookies may affect your browsing experience. Smart Sand, Inc. Clearlake has ascended into the upper echelons of private equity fundraising with some serious speed. +1-845-507-0571. We also use third-party cookies that help us analyze and understand how you use this website. Junipers management team has a proven track record of identifying market-leading technologies across the industrial spectrum, and an affinity for businesses with strong brands and mission-critical offering. Clearlake provided the Company with initial capital in 2012 to begin developing our Oakdale facility and has been a good partner for the Company over the last eleven years.". The investment fund also strengthened its position in Blackbaud Inc by buying 3,774,352 additional shares. Clearlake Capital Group uses 5 technology products and services including HTML5 , jQuery , and Google Analytics, according to G2 Stack. By continuing to browse, you hereby agree to the use of cookies. 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. JENNIFER HURSON +1-845-507-0571. The business combination was approved at Junipers special meeting of stockholders on June 3, 2021, and closed today, June 7, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. Javascript is disabled or is not supported by your browser. Clearlake Capital Group was a net buyer of stock by $498M. Clearlake Media Contact. The transaction was unanimously approved by Cornerstone's Board of Directors. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by -0.74%. The Pennsylvania-based . 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). var __dcid = __dcid || []; 2018 Cohesive Capital. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. SAM TIDSWELL-NORRISH. In this episode, hear how Yee introduced Jay Electronica to Jay Z, why she decided to book Eminem for one of his first shows, and how she's expanded her empire to include real estate and a new coffee venture. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. All rights reserved. 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. This is a BETA experience. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. Blackbaud Inc dropped approximately 0.1% in the past year. Landmark Partners and Goldman Sachs Asset Management are the most recent investors. All statements other than statements of historical fact included in this communication are forward-looking statements. 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 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 . 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 Group. For more information, please visitwww.smartsand.com. As a result of the transaction, Cornerstone is now a privately held company and . 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. Detailed Profile of CLEARLAKE CAPITAL GROUP, L.P. portfolio of holdings. investment firm founded in 2006. There are currently 7 companies in Mr. Cannons portfolio. This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. This category only includes cookies that ensures basic functionalities and security features of the website. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. I write about buyouts, mergers, acquisitions and other dealmaking. 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. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). This was a Private Equity round raised on May 29, 2018. But it . 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. 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. MacKenzie will be paid an approximately $25,000 plus expenses. Strategy. The firm's core target sectors are technology, industrials, and consumer. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. 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.. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. The research report from B. Riley FBR has upgraded the stock from Neutral to Buy, with a price target set at $5. 53,999,550 shares of Janus International Group In worth $488 million, Holley Inc worth $28.9 million, with 2,750,000 shares owned, Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million, Blackbaud Inc total 9,751,837 shares worth $566 million. These cookies will be stored in your browser only with your consent. We market our products and services to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Clearlake Capital Group is actively using 10 technologies for its website, according to BuiltWith. But opting out of some of these cookies may affect your browsing experience. ABOUT CLEARLAKE. Clearlake, though, didnt wait around. Vector Capital will make minority investment at closing. 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. It sold the previously owned 5,511,703 shares for $316 million. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Clearlake Co-Founder and Managing Partner Jos E. Feliciano speaks with Capital Allocators' Ted Seides in a far-reaching conversation that covers such topics Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. 14% of the total holdings value. 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. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. UBS is acting as financial and capital markets advisor as well as placement agent to Juniper. People. Shares +10.2% at $1.95 after hours. 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 remainder was financed through an unsecured promissory note issued to 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 expected to close in the second half of 2022. (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. Clearlake Capital Group, L.P. will pay $57.5 per share in cash. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. "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. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in 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, 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 . Currently, Clearlake Capital Group, L.P.'s portfolio is worth at least $1.5 billion. These cookies do not store any personal information. Funding. 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, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. About Clearlake Capital Group, L.P. The transaction is not subject to a financing condition. More information is available at www.janusintl.com. Clearlake Capital Group, L.P. is an investment fund managing more than $1.5 billion ran by John Cannon. 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. now owns 5,712,300 shares of the technology company's stock worth . On March 21, 2022, private equity firms Clearlake Capital Group and Motive Partners acquired business services company BetaNXT from London Stock Exchange Group for 1.1B USD Acquisition Highlights. The average market cap of the portfolio companies is close to $1.94 billion. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . 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. 57.1% of the portfolio companies are based in the United States. Stephen C. Daffron, Industry Partner at Motive Partners, named Chairman and Chief Executive Officer, Caroline O'Connell, Industry Partner at Motive Partners, to serve as Chief Administrative Officer, Don Henderson appointed Chief Technology Officer, Tim Rutka as President of BETA, and Michael Pass as President of Maxit and Digital Investor. Necessary cookies are absolutely essential for the website to function properly. In the year ended December 31, 2021, BETA+ had revenues of approximately $300 million, primarily linked to US markets. 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.
Riverside International Speedway Schedule, Sean Bean Ashley Moore Wedding, Worst Neighborhoods In Stamford, Ct, When Will State Employees Get A Raise In 2021, Articles C