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. 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. In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had opened a new position in 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. These positions were updated on August 15th based on the funds latest 13F filing. Clearlake Capital-Backed Discovery Education Names EdTech Veteran Clearlake Capital Group L.P. now owns 5,712,300 shares of the technology company's stock worth . Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. Clearlake and Motive-Backed Software Platform BetaNXT Expands This website uses cookies to improve your experience while you navigate through the website. The Janus team operates out of several U.S. locations and six locations internationally. 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. Clearlake and Motive-Backed Software Platform BetaNXT Expands Cornerstone OnDemand, Inc. Appoints Carina Cortez as Chief People Officer. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Clearlake Capital Group, L.p. increases ownership in BLKB - Fintel The firm believes that demand is due to the success of its past two funds. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Differentiated approach to investing Clearlake Capital 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 . 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.. Funding. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. All rights reserved. Juniper and Janus undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 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. 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. Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout - Forbes 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 transaction was unanimously approved by Cornerstone's Board of Directors. Clearlake Capital Group is funded by 3 investors. Clearlake Capital Group LP - Company Profile and News 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. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by JENNIFER HURSON +1-845-507-0571. 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. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P . 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 . This website uses cookies to improve your experience while you navigate through the website. You may opt-out by. Clearlake Capital Group and Motive Partners Acquire BetaNXT 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 . Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. SAM TIDSWELL-NORRISH. 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. Clearlake Capital to Acquire Confluence from TA Associates - PR Newswire . 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 . Moelis & Company LLC is also acting as financial advisor to Juniper. These cookies do not store any personal information. that closed in April. The rating was released on June 29, 2021, according to finviz. 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 . Clearlake Capital Group, L.P.s portfolio is diversified across 4 sectors. Long-term strategic partnership with management to transform and grow companies. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 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. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, . 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 Capital Group, L.P. and Motive Capital Management, LLC Copyright 2023 Surperformance. More information is available at www.juniperindustrial.com. The transaction has an enterprise value of approximately $5.2 billion. $1.5 billion and $1.5 billion respectively. Smart Sand, Inc. Announces Repurchase of All Common Stock Now, the Santa Monica-based buyout firm has closed its biggest fund yet. Clearlake Capital Group - Tech Stack, Apps, Patents & Trademarks * Investors with a full data subscription can access data for any fund. +1-845-507-0571. Clearlake is one of several private equity firms to set its sights on pro sports in recent years. All rights reserved. The firm has offices in Santa Monica and Dallas. Clearlake Capital Group, L.P. 13F annual report - wallmine Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO. Clearlake Capital Group - stockzoa The majority of the companies in the funds portfolio are small-cap stocks. The firm's core target sectors are technology, industrials, and consumer. This is a BETA experience. Janus, a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other commercial and industrial sectors, will begin trading on June 8, 2021 on the New York Stock Exchange (NYSE) under the ticker symbol JBI. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Cornerstone OnDemand, Inc. entered into a Stock Purchase Agreement to acquire SumTotal .. 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. 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. Clearlake Media Contact - Lambert. Clearlake Capital and Motive Partners Agree - Fintech Finance The deal is subject to regulatory approvals and other customary closing conditions,including theexpiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and certain customer consents. SEC Filings include 13F quarterly reports, 13D/G events and more. For more information, visit our Privacy Policy. But opting out of some of these cookies may affect your browsing experience. 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. Necessary cookies are absolutely essential for the website to function properly. Smart Sand, Inc. Announces Repurchase of All Common Stock Owned by Benzinga does not provide investment advice. Clearlake Capital Group has $1.5B in assets under management (AUM), dropping by 43.70%. 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. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 2023 Benzinga.com. Clearlake Capital Group on LinkedIn: #privateequity #investment # You also have the option to opt-out of these cookies. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); These cookies will be stored in your browser only with your consent. Clearlake Capital Group was a net seller of stock by $-28M. 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.. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). Musk Made a Mess at Twitter. 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 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 . But the tides have turned. With a sector . CLEARLAKE CAPITAL GROUP, L.P. Top 13F Holdings - WhaleWisdom.com 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.
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