Moelis & Company LLC is also acting as financial advisor to Juniper. investment firm founded in 2006. The sale prices were between $10.63 and $12.22, with an estimated average price of $11.14. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. The Janus team operates out of several U.S. locations and six locations internationally. These include Viewport Meta , IPhone / Mobile Compatible , and SPF. The transaction is expected to be completed in the second half of 2021. Clearlake Capital Group, L.P. closed its position in Cornerstone OnDemand Inc on 15th August 2022. Recent trades. 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. Upon completion of the transaction, Cornerstone will become a private company and shares of Cornerstone common stock will no longer be listed on any public market. Smart Sand, Inc. Clearlake Capital Group, L.P. and Motive Capital Management, LLC completed the acquisition of BETA, Maxit and Digital Investor assets from London Stock Exchange Group plc (LSE:LSEG) on July 1, 2022. 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 . These cookies do not store any personal information. 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. More information is available at www.janusintl.com. 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. 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 is one of several private equity firms to set its sights on pro sports in recent years. Grab Holdings Limited and bought 5,500,000 shares worth $13.9 million. The consideration of $1.1 billion will be paid in cash, before tax and separation costs. Clearlake Capital Group, L.p. sold out a holding in Altimeter Growth Corp. Clearlake Media Contact - Lambert. 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, . 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). Understanding the Recent Fluctuations of Smart Sand Inc.'s (SND) Stock Landmark Partners and Goldman Sachs Asset Management are the most recent investors. and Apollo Global Management 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. 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 . We are excited to continue as significant stakeholders in Janus and support the Company through our O.P.S. (Operations, People, and Strategy) playbook. More information is available at www.clearlake.com and on Twitter @Clearlake. Shares +10.2% at $1.95 after hours. Funding. 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. All statements other than statements of historical fact included in this communication are forward-looking statements. This website uses cookies to improve your experience while you navigate through the website. MacKenzie will be paid an approximately $25,000 plus expenses. Clearlake and Motive-Backed Software Platform BetaNXT Expands By continuing to browse, you hereby agree to the use of cookies. Multiple reports have indicated that voting rights will be split equally between Clearlake and the rest of Boehlys group. But opting out of some of these cookies may affect your browsing experience. Cornerstone OnDemand, Inc. completed the acquisition of SumTotal Systems, LLC from Skil.. This website uses cookies to improve your experience while you navigate through the website. 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. Founded in 2006 by Jose E. Feliciano and Behdad Eghbali, it now manages some $72 billion in assets, with most of its dealmaking focused on the tech, industrials and consumer sectors. 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. Appointment Signals a Continued Focus on Driving Growth and Impact. Mark Partin Sells 10,000 Shares of BlackLine, Inc. (NASDAQ:BL) Stock Smart Sand, Inc. Announces Repurchase of All Common Stock This category only includes cookies that ensures basic functionalities and security features of the website. Clearlake Capital will be required to pay Cornerstone a termination fee of $320,000,000. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. 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. 57.1% of the portfolio companies The transaction was unanimously approved by Cornerstone's Board of Directors. sam@motivepartners.com . Clearlake Capital Group, L.P. will pay $57.5 per share in cash. These cookies will be stored in your browser only with your consent. 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. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. 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. Morrison & Foerster LLP acted as legal advisor to Centerview Partners and Qatalyst Partners. Necessary cookies are absolutely essential for the website to function properly. var __dcid = __dcid || []; Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. These cookies will be stored in your browser only with your consent. 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. 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. AZB & Partners acted as legal advisor to London Stock Exchange Group plc (LSE:LSEG). 14% of the total holdings value. Transaction builds on firm's end-to-end wealth solutions software platform, adds investor communications and proxy solutions BetaNXT, a provider of wealth management infrastructure software with . This makes their stake in Blackbaud Inc total 9,751,837 shares worth $566 million. The promissory note will mature on December 15, 2023. The Company invests and focuses on private equity, communications, health care, and industrial companies. 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 information on this site is in no way guaranteed for completeness, accuracy or in any other way. Clearlake Capital Group, L.p. Buys Holley Inc, Altimeter Growth Corp More information is available at www.juniperindustrial.com. It sold the previously owned 5,511,703 shares for $316 million. The firm believes that demand is due to the success of its past two funds.