2024

BBB Industries to acquire All Star Auto Parts, expanding its electronics offering

July 18, 2024

BBB Industries, LLC (“BBB” or the “Company”), a leading sustainable manufacturer serving the automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P. (“Clearlake”), today announced it has entered into a definitive agreement to acquire All Star Auto Parts (“All Star”).

BBB INDUSTRIES TO ACQUIRE ALL STAR AUTO PARTS, EXPANDING ITS ELECTRONICS OFFERING   DAPHNE, ALA. July 22, 2024 – BBB Industries, LLC (“BBB” or the “Company”), a leading sustainable manufacturer serving the automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P. (“Clearlake”), today announced it has entered into a definitive agreement to acquire All Star Auto Parts (“All Star”).

Read more

Concert Golf Partners acquires TPC Jasna Polana

July 10, 2024

Concert Golf Partners has acquired TPC Jasna Polana (“Jasna Polana” or the “Club”), a historic private club near Princeton University.

CONCERT GOLF PARTNERS ACQUIRES TPC JASNA POLANA    Historic clubhouse mansion and Gary Player-designed golf club in Princeton, N.J. was once owned by Johnson & Johnson heir J. Seward Johnson Editors: For photos of TPC Jasna Polana, click here. To view a video of TPC Jasna Polana, click here.   PRINCETON, N.J. and ORLANDO, Fla. (July 10, 2024) – Concert

Read more

Aptean Secures Strategic investment from Clearlake Capital Group

July 1, 2024

Aptean (or the “Company”), a global provider of industry-specific enterprise resource planning (“ERP”) and supply chain software, announced today that it has received an investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) to support Aptean’s journey.

APTEAN SECURES STRATEGIC INVESTMENT FROM CLEARLAKE CAPITAL GROUP   Clearlake leads an investment to back Aptean’s ambition to accelerate innovation and global expansion   Alpharetta, GA and Santa Monica, CA – July 1, 2024 – Aptean (or the “Company”), a global provider of industry-specific enterprise resource planning (“ERP”) and supply chain software, announced today that it has received an investment

Read more

MRP Solutions names industry veteran Mark Shafer as CEO

June 25, 2024

MRP Solutions (“MRP” or the “Company”), a provider of closures and other rigid packaging components to the health & wellness, food, and other specialty markets, today announced the appointment of Mark Shafer as Chief Executive Officer (CEO) and member of the Board of Directors.

MRP SOLUTIONS NAMES INDUSTRY VETERAN MARK SHAFER AS CEO   Appointment ushers in new phase of growth and innovation for MRP   Lake Forest, IL and Santa Monica, CA – June 25, 2024 – MRP Solutions (“MRP” or the “Company”), a provider of closures and other rigid packaging components to the health & wellness, food, and other specialty markets, today

Read more

Clearlake Capital-Backed Discovery Education appoints Brian Shaw as Chief Executive Officer

June 5, 2024

Discovery Education (or the “Company”), a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the appointment of Brian Shaw as Chief Executive Officer (CEO).

CLEARLAKE CAPITAL-BACKED DISCOVERY EDUCATION APPOINTS BRIAN SHAW AS CHIEF EXECUTIVE OFFICER Shaw, Discovery Education’s Former CFO/COO, to continue Company’s efforts to drive innovation and growth   Charlotte, NC and Santa Monica, CA – June 5, 2024 – Discovery Education (or the “Company”), a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced

Read more

BetaNXT names wealthtech veteran Robert Santella as CEO in planned transition

May 29, 2024

BetaNXT, a provider of wealth management infrastructure solutions with real-time data capabilities and an enhanced advisor experience, announced today that, as part of the company’s planned leadership transition, Robert Santella will become Chief Executive Officer effective July 1, 2024

BETANXT NAMES WEALTHTECH VETERAN ROBERT SANTELLA AS CEO IN PLANNED TRANSITION Stephen C. Daffron, will Remain Engaged with BetaNXT as Executive Chairman, Effective July 1, 2024   New York, NY—May 29, 2024—BetaNXT, a provider of wealth management infrastructure solutions with real-time data capabilities and an enhanced advisor experience, announced today that, as part of the company’s planned leadership transition, Robert

Read more

Cornerstone accelerates jobs-to-skills transformation with SkyHive acquisition

May 28, 2024

Cornerstone OnDemand Inc., a leader in Workforce Agility solutions, today announced the acquisition of workforce skills intelligence capabilities and a team of highly specialized domain experts from SkyHive Technologies Holdings Inc.

CORNERSTONE ACCELERATES JOBS-TO-SKILLS TRANSFORMATION WITH SKYHIVE ACQUISITION   The move expands Cornerstone’s holistic skills transformation capabilities, giving leaders a comprehensive understanding of what skills they have and what they need to solve for now and in the future   SANTA MONICA, Calif. – May 22, 2024 – Cornerstone OnDemand Inc., a leader in Workforce Agility solutions, today announced the acquisition of workforce

Read more

Synopsys enters definitive agreement to sell its software integrity business to Clearlake Capital and Francisco Partners

May 6, 2024

Synopsys, Inc. (NASDAQ: SNPS) today announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. (“Clearlake”) and Francisco Partners, two global private equity firms, for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion, including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return in connection with one or more liquidity transactions.

SYNOPSYS ENTERS DEFINITIVE AGREEMENT TO SELL ITS SOFTWARE INTEGRITY BUSINESS TO CLEARLAKE CAPITAL AND FRANCISCO PARTNERS Highlights: Transaction will establish the Software Integrity Group as a newly independent, leading application security testing software provider. The transaction, valued at up to $2.1 billion, is expected to close in the second half of 2024, subject to customary closing conditions including the receipt

Read more

First Quarter 2024 Investment Activity

April 25, 2024

In the first quarter of 2024, Clearlake closed one platform, five add-on transactions, as well as announced two full or partial exits. We believe the take-private of Alteryx showcases our commitment to support advancements in Al and cloud analytics.

In the first quarter of 2024, Clearlake closed one platform, five add-on transactions, as well as announced two full or partial exits. We believe the take-private of Alteryx showcases our commitment to support advancements in Al and cloud analytics. We fully exited Janus International Group, Inc. (NYSE: JBI) in December 2023. Clearlake originally invested in Janus in 2018 and has

Read more

Crash Champions appoints automotive industry veteran Barrett Callaghan to its board of directors

April 18, 2024

Crash Champions, the largest founder-led operator of high-quality automotive collision repair centers in the U.S., today announced the appointment of automotive industry veteran Barrett Callaghan to its Board of Directors.

CRASH CHAMPIONS APPOINTS AUTOMOTIVE INDUSTRY VETERAN BARRETT CALLAGHAN TO ITS BOARD OF DIRECTORS   CHICAGO, IL – April 18, 2024 —  Crash Champions, the largest founder-led operator of high-quality automotive collision repair centers in the U.S., today announced the appointment of automotive industry veteran Barrett Callaghan to its Board of Directors.   Mr. Callaghan brings two decades of industry experience

Read more