[3][5][6][7], In June 2022, Clearlake Capital was ranked eighth in Private Equity International's PEI 300 ranking of the largest private equity firms in the world. This category only includes cookies that ensures basic functionalities and security features of the website. Principal Place of Business and Contact Information 3. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. Get the full list, Morningstar Institutional Equity Research. Credit Suisse acted as advisor and placement agent for COP III, and Paul Weiss served as legal advisor for the Fund. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. About Charlesbank Capital Partners Based in Boston and New York, Charlesbank Capital Partners is a. Our Standards: The Thomson Reuters Trust Principles. Realizations across the Clearlake platform in 2021 include American Construction Source, Appriss, DigiCert, Ivanti, NetDocuments, Janus International, Precisely, Provation, symplr, Wheel Pros and investments under Clearlake's Better For You platform. [3] It discovered this technique during the COVID-19 pandemic when it sold shares of software company Ivanti to TA Associates in August 2020 at a valuation of $2 billion that generated a large windfall gain. Donald Trump Seeks Mistrial In E. Jean Carroll Rape Trial, The Evolution Of E-Commerce And What It Means For Content Creation, Building Out A Mobile Strategy: What E-Commerce Brands Must Consider, Booker T Wants To See Grayson Waller Get Drafted, Talks A&E Hosting Role, Astros Jose Abreu Is A Contender For MLBs Least Valuable Player So Far This Season, E. Jean Carroll Testifies: Donald Trump Raped Me, Jose Mourinho Has Been A Perfect Fit For Roma, But That Doesnt Mean Hell Stay, Ride1Up Goes Big With New Cargo-Capable Rift Fat Tire E-bike, Content Marketing Tactics To Skyrocket Your E-Commerce Business In 2023, E-Commerce Leaders: Strategies For Success When Leveraging Chatbots, The Top 10 Richest Women In The World 2023, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Performance watch: Clearlake's PE funds - Private Equity International We believe that our flexible investment strategy incorporating buyouts, corporate carveouts, and special situations is positioned to take advantage of the evolving and potentially unstable market conditions that we are likely to encounter in the investment period of Fund VII. Clearlake and Motive's thesis in wealth management technology focuses on providing the Wealth Management industry with frictionless digital experiences, catalyzing the democratization of wealth solutions, and delivering hyper-personalized solutions to end clients. Symplr Closes New Strategic Investment From Clearlake to Continue Yet that doesn't mean he'll stay beyond the summer. for $3 billion. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. Clearlake Financial | Capital Financing since 1986! More information on Motive Partners can be found at www.motivepartners.com. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Credit Suisse Private Fund Group acted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. Clearlake is a leading private investment firm founded in 2006. We are very proud of the results generated by our funds in the context of a volatile macroeconomic backdrop in the past few years while experiencing significant growth and maintaining our focus on the fundamentals of our investment approach. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners. It's early, but the club's big offseason free agent acquisition is performing far below his accustomed standard. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. May 18, 2022 See here for a complete list of exchanges and delays. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. By acquiring the BETA+ assets from LSEG and creating a standalone platform, Clearlake and Motive intend to execute on a buy and build strategy, supported by Clearlake's proprietary O.P.S. framework and Motive's value creation plan developed by Motive Create and the Industry Partner team. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. Reflects change since 5 pm ET of prior trading day. [11][12] The purpose of the sale was to fund the creation of a credit unit. These cookies do not store any personal information. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- 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 basis reporting software), and Digital Investor (front-end client solutions), collectively referred to as "BETA+". Clearlake Capital closes seventh flagship private equity fund with more Over recent years, the space has exhibited growth across various avenues, compounded by investment from new and established players. As of December 31, 2021, Fund VII's two predecessor funds generated the following results - Clearlake Capital Partners V generated a gross IRR of 65.1% (57.7% net), with a gross multiple of 3.9x (3.2x net), and Clearlake Capital Partners VI generated a gross IRR of 86.9% (78.8% net), with a gross multiple of 1.8x (1.6x net)i. iFund performance can vary significantly over time, and there is no assurance that reported unrealized values can or will be realized; such values may have been derived or estimated from unobservable inputs, assumptions, and multiple traditional and non-traditional valuation approaches; such assumptions, believed to be reasonable by Clearlake, may nonetheless be inaccurate and/or subject to material differences based on judgment and other subjective measures; and future actual realized returns may differ materially from the unrealized value estimates included in fund performance calculations. This website uses cookies to improve your experience while you navigate through the website. Differentiated approach to investing ", "The Fund has the flexibility to invest across the capital structure in both equity, preferred equity and debt securities, allowing us to focus on opportunities where creativity and active sponsorship are rewarded," said Behdad Eghbali,Co-Founder and Managing Partner atClearlake. The investment The factors that may adversely impact the anticipated outcomes include, among others: the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; conditions to the completion of the transaction may not be satisfied on the terms expected or on the anticipated timeline; and the benefits of the transaction may be different than currently anticipated. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. [1] [3] [4] [5] Youre viewing 5 of 9 investments. from 8 AM - 9 PM ET. Limited partners in Fund VII represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. [1][3][4][5], The firm is the owner of Chelsea F.C. SANTA MONICA, Calif., Sept. 20, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake" or the "Firm"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, announced today it has completed fundraising for Clearlake Opportunities Partners III ("COP III" or the "Fund") with more than $2.5 billion in commitments. Feliciano. var __dcid = __dcid || []; Clearlake Capital Closes Seventh Flagship Private Equity Fund with More We remain focused on investing in companies at attractive price points that can benefit from our buy-and-build and organic growth strategies that best position our companies and our investors for long-term success.". The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. PDF Clearlake Capital Partners VI, L.P. - Pennsylvania Public School By continuing to browse, you hereby agree to the use of cookies. Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. More information is available at www.clearlake.com and on Twitter @ Clearlake. As of December 31, 2021, Fund VII's two predecessor funds generated the following results - Clearlake Capital Partners V generated a gross IRR of 65.1% (57.7% net), with a gross multiple of 3.9x . Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. 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 Clearlakes operational improvement approach,O.P.S.The firms core target sectors are technology, industrials, and consumer. Clearlake Capital - Wikipedia With 300 institutional investors representing six continents and over 40 countries, Fund VII received strong support from existing longtime investors as well as prominent new investors, with approximately half of these new investors based in the U.S. and the remainder representing Asia, Middle East, Europe, and North and South America. With $10 Billion in Hand, Clearlake Approaches $13.8 Billion Cap - WSJ Clearlake Capital Partners VII is a 2021 vintage buyout fund managed by Clearlake Capital Group. [3] Many investors chose to roll their holdings instead. 2023 PitchBook. This information is available in the PitchBook Platform. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are technology, industrials, and consumer. We would like to thank our diverse group of investors for their confidence in our team and their continued support. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . Clearlake Capital Partners VI is a 2020 vintage buyout fund managed by Clearlake Capital Group. Clearlake Financial Corp. is a national firm providing capital financing to businesses, professionals, and commercial industries since 1986. top of page Experience, Knowledge & Ingenuity | Call Us: 305-213-2586 Jose Mourinho has been a perfect fit for Roma, instilling them with a confidence and a mentality that had been lacking. This information is available in the PitchBook Platform. Nov 28 (Reuters) - Private equity firm Clearlake Capital has struck a deal to buy Quest Software Inc from Francisco Partners, valuing it at $5.4 billion including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. [17] In 2016 Clearlake, took a controlling stake in Vision Solutions. What you see here scratches the surface Request a free trial Want to dig into this profile? All rights reserved. ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . 2023 PitchBook. By continuing to browse, you hereby agree to the use of cookies. In May, Clearlake announced it had raised more than$14.1 billionfor its seventh flagship private equity fund, Clearlake Capital Partners VII. [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. $2.5 billion, according to our most recent tally. Clearlake Capital to Acquire Global Cybersecurity, Data Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. The firm, which had not previously indicated an upper limit for Clearlake Capital Partners VII LP, expects to close it at its $13.8 billion cap before the end of this quarter, according to . Clearlake's team consists of 59 professionals, including 24 investment professionals. Clearlake Capital Partners VI Profile: Investments & Returns | PitchBook Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Clearlake is a leading private x[O@I,c9$A
fJv/6{Qf)(~S!(prr|u!==nVJR2A Your brand's success hinges on how effectively you can wow potential customers online. Clearlake Capital Group,in a bid to hold certain assets longer than allowed under traditional private equity fund limits, has created a series of vehicles for longer holds over individual assets out of older funds. Forward Looking StatementsThis news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and benefits of the transaction. It is gratifying to have the support of such a large group of global investors, which we believe is further validation of our consistent investment strategy, said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. Clearlake Capital Closes Clearlake Opportunities Partners III with More a0+#DA:@3b$q)P*wy`4k>+79^&ju&x-pC.+AWx Fund performance can vary significantly over time, and there is no assurance that reported unrealized values can or will be realized; such values may have been derived or estimated from unobservable inputs, assumptions, and multiple traditional and non-traditional valuation approaches; such assumptions, believed to be reasonable by Clearlake, may nonetheless be inaccurate and/or subject to material differences based on judgment and other subjective measures; and future actual realized returns may differ materially from the unrealized value estimates included in fund performance calculations. Clearlake Capital Partners Native Currency USD Fund Manager's Location 233 Wilshire Boulevard Suite 800 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands Clearlake Capital Partners II Investments (13) You're viewing 5 of 13 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. [19][20], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. We remain focused on investing in companies at attractive price points that can benefit from our buy-and-build and organic growth strategies that best position our companies and our investors for long-term success.. With an initial target of $10 billion, Fund VII reached its hard cap and was significantly oversubscribed including commitments from the General Partner and affiliates. For more information, visit our Privacy Policy. More information is available at www.clearlake.comand on Twitter @Clearlake. Fund VIIs announced platform investments include Cornerstone OnDemand, Concert Golf, Discovery Education, Intertape Polymer Group, Kofax, Mold-Rite Packaging, Quest Software and Springs Window Fashions. The deal is formally expected to be announced as soon as Monday, the report added. All Rights Reserved. "It is gratifying to have the support of such a large group of global investors, which we believe is further validation of our consistent investment strategy," said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. More information is available atwww.clearlake.comand on Twitter@Clearlake. Strategy. To explore Clearlake Capital Partners VIIs full profile, request access. [2] [3] [4] [5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. Since Clearlake and TA's majority investment in Precisely in 2021, the Company has completed five acquisitions, demonstrating its commitment to delivering the industry's most comprehensive and robust data integrity software portfolio. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The fund targets information technology, industrials,TMT, consumer products and services sectors ranging from USD 300 million to USD 1500 million in 20 to 25 companies. where in May 2022, it acquired 60% of the clubs outstanding shares. Credit Suisse Private Fund Groupacted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. We also use third-party cookies that help us analyze and understand how you use this website. More information is available atwww.clearlake.comand on Twitter@Clearlake. The deal is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. About Clearlake CapitalClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Let's explore them and the best practices brands should use to take advantage of them. Exclusive news, data and analytics for financial market professionals, Reporting by Baranjot Kaur and Shubham Kalia in Bengaluru; Editing by Rashmi Aich, Australian miner Liontown confirms no new bids; resumes trading, Regulators seize First Republic Bank, sell assets to JPMorgan, Vice Media preparing to file for bankruptcy - NYT, JPMorgan deal forces Biden administration to defend record on mergers, Coffee at home: Australia Woolworths' sales jump as shoppers cut costs, Djokovic able to play at US Open as vaccine mandate set to end, Stocks on edge as traders wait on central bankers, Kudermetova to remove Russian sponsor logo to play at Wimbledon, Indian shares set for muted open ahead of Fed rate decision. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from [2][10], In May 2018, Clearlake sold a minority stake of up to 20% of its shares to Dyal Capital, Petershill Partners and Landmark Partners. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Several innovations have changed the e-commerce experience for both consumers and brands. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. Limited partners in Fund VII represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. Youre viewing 5 of 8 investments. Necessary cookies are absolutely essential for the website to function properly. Get the full list, To view Clearlake Capital Partners VIs complete team members history, request access, Youre viewing 5 of 78 funds. 2023 Forbes Media LLC. Total capital raised by Clearlake since January 2021 exceeds $27 billion, which includes COP III, Fund VII, the Firm's continuation and co-investment funds, and capital raised by WhiteStar Asset Management, LLC, the CLO, structured products and broadly syndicated credit arm of Clearlake. "We're also thankful to the larger Clearlake team of investment professionals, portfolio company management teams, and employees who have worked diligently to find creative solutions in a time of so much disruption. Clearlake Capital Closes Clearlake Opportunities Partners III with More Investor. This all-weather approach allows us to act nimbly during evolving market conditions, including taking advantage of periodic dislocations in the debt capital markets," said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. Realizations across the Clearlake platform in 2021 include American Construction Source, Appriss, DigiCert, Ivanti, NetDocuments, Janus International, Precisely, Provation, symplr, Wheel Pros and investments under Clearlakes Better For You platform. Clearlake Capital Group Closes Sixth Flagship Private Equity Investment More information is available at www.clearlake.com and on Twitter @Clearlake. "Clearlake's robust and growing team is well skilled to source and execute complex transactions, and we are eager to put our capital to work where it makes sense including funding mergers and acquisitions, enabling realization events for owners and shareholders, and bridging liquidity needs.". As such, there can be no assurance the investment will achieve its investment objectives or avoid losses, and past performance is not necessarily indicative of future results.
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