2018
CLEARLAKE CAPITAL GROUP CLOSES FUND V AT OVER $3.6 BILLION
March 16, 2018Clearlake Capital Group, L.P. (“Clearlake”), a leading investment firm with a sector-focused approach, announced today it has completed fundraising for Clearlake Capital Partners V (“Fund V”) with over $3.6 billion in commitments.
CLEARLAKE CAPITAL ACQUIRES PROVATION AS NEWLY INDEPENDENT SOFTWARE PLATFORM INVESTMENT
March 12, 2018Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has acquired Provation Medical, Inc. (“Provation” or the “Company”), a leading software solution provider for intelligent procedure documentation, from Wolters Kluwer. The Company will continue to be led by CEO David Del Toro, who will join the Board of Directors.
CONVERGEONE COMPLETES ACQUISITION OF ARROW ELECTRONICS’ SYSTEMS INTEGRATION BUSINESS
March 2, 2018ConvergeOne Holdings, Inc. (NASDAQ: CVON, CVONW), a leading global IT services provider of collaboration and technology solutions, today announced that it has completed the transaction to acquire Arrow Electronics’ Systems Integration business, specializing in unified communications, contact center, and voice and data technologies.
CONVERGEONE AND FORUM MERGER CORPORATION COMPLETE BUSINESS COMBINATION
February 23, 2018Forum Merger Corporation (“Forum”), and ConvergeOne, Inc., a leading global IT services provider of collaboration and technology solutions, today announced that they have completed their previously announced business combination. The business combination was approved at a special meeting of stockholders of Forum on February 20, 2018, and closed on February 22, 2018. In connection with the transaction, Forum has changed its name to ConvergeOne Holdings, Inc. (“ConvergeOne” or the “Company”).
CONVERGEONE ANNOUNCES STRATEGIC ACQUISITION OF ARROW ELECTRONICS’ SYSTEMS INTEGRATION BUSINESS
February 15, 2018ConvergeOne, a leading global IT services provider of collaboration and technology solutions, today announced that it has signed an agreement to acquire Arrow Electronics’ Systems Integration business, specializing in unified communications, contact center, and voice and data technologies. Completion of the transaction is expected to occur within 30 days. This acquisition further solidifies ConvergeOne’s position as a leading provider of collaboration and IT-enabled solutions in the market today.
CLEARLAKE CAPITAL GROUP ANNOUNCES STRATEGIC INVESTMENT IN DILIGENT CORPORATION
February 9, 2018Diligent Corporation (“Diligent”), a portfolio company of Insight Venture Partners and the market leader in enterprise governance management (“EGM”) software solutions, today announced that it has received a strategic minority investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).
GRAVITY OILFIELD SERVICES INC. ANNOUNCES EXCLUSIVE, MULTI-YEAR WATER SUPPLY AGREEMENT WITH CALLON PETROLEUM COMPANY IN THE PERMIAN BASIN
January 22, 2018Gravity Oilfield Services Inc. (“Gravity” or the “Company”) today announced it has signed an exclusive, multi-year agreement with Callon Petroleum Company (“Callon”) to provide fresh water to Callon’s operations in the Southern Delaware and Midland basins in the Permian Basin.
CLEARLAKE CAPITAL TO ACQUIRE JANUS INTERNATIONAL
January 17, 2018Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”) today announced that it has agreed to acquire Janus International Group, LLC (“Janus” or the “Company”) in partnership with the Company’s management team. Janus is a leading global turnkey supplier of premium doors, hallway systems, locks, interior solutions and ancillary technologies. Financial terms of the transaction were not disclosed.
CLEARLAKE CAPITAL ACQUIRES PERFORCE SOFTWARE
January 10, 2018Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has acquired Perforce Software (“Perforce” or the “Company”), developer of the industry’s most flexible, scalable and secure version control and collaboration platform, from growth equity investor Summit Partners. The Company will continue to be led by Janet Dryer, CEO, and Mark Ties, COO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.
