2023
First Quarter 2023 Investment Activity
April 17, 2023"Despite the challenged market landscape, Clearlake closed two exits and four add-on transactions in the first quarter of 2023."
Clearlake and STG to sell Archer to Cinven
April 13, 2023Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Symphony Technology Group (“STG”) announced today that they have entered into a definitive agreement to sell Archer (the “Company”) to Cinven.
Appriss retail appoints Michael Osborne as chief executive officer
March 23, 2023Appriss Retail, a leading provider of data and analytics solutions designed to reduce retail losses, decrease returns, and provide a more seamless consumer experience, today announced the appointment of Michael Osborne as Chief Executive Officer (CEO).
Clearlake Capital-backed Discovery Education names edtech veteran Jeremy Cowdrey as CEO
March 2, 2023Discovery 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).
Clearlake and Motive-backed software platform BetaNXT expands capabilities, growth opportunities with acquisition of Mediant Communications
March 1, 2023BetaNXT, a provider of wealth management infrastructure software with real-time data capabilities and an enhanced advisor experience, today announced that certain affiliates of BetaNXT have acquired Mediant Communications (“Mediant”), a provider of investor communications technology and technology-enabled solutions to banks, brokers, corporations, funds, and investment managers.
Crash Champions announces appointment of automotive services industry veteran Tom Feeney to its board of directors
February 27, 2023Crash Champions, LLC (“Crash Champions” or “The Company”), one of the nation’s fastest growing independent collision repair service providers, announced today the appointment of Tom Feeney to its Board of Directors.
Alkegen enters into an exclusive agreement to sell its automotive thermal acoustical solutions business unit to Regent
February 9, 2023Clearlake Capital-backed Alkegen announced today that it has entered into an exclusive agreement with Regent, L.P. to sell its Thermal Acoustical Solutions (TAS) business unit, which manufactures high performance acoustical and thermal management insulation components for the automotive and transportation industries.
Clearlake sells majority interest in Floworks to Wynnchurch Capital
January 24, 2023Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced it has completed the sale of a majority interest in FloWorks International, LLC (“FloWorks” or the “Company”) to Wynnchurch Capital, L.P. (“Wynnchurch”).
ShiftKey, technology company transforming future of work, closes capital raise
January 12, 2023ShiftKey, a Dallas-based technology company transforming the future of work by empowering licensed professionals to connect directly with healthcare facilities with open workforce needs, announced today that it has closed on a funding round sponsored by majority investor Lorient Capital, valuing the company in excess of $2 billion.
Clearlake Year-End Recap 2022
January 9, 2023In 2022, Clearlake closed Clearlake Capital Partners VII at $14.1b, our largest control fund, to date, and Clearlake Opportunities Partners III at $2.5b, our largest non-control fund, to date. We finished the year with 11 new portfolio company platforms, 37 add-ons to existing portfolio companies and 5 realizations.
