PRIVATE EQUITY FOR PUERTO RICO: HURRICANE RELIEF FUND LAUNCHES WITH $10 MILLION GOAL, CALLS FOR PRIVATE EQUITY AND FINANCIAL COMMUNITIES TO AID WITH DONATIONS
October 11, 2017Private Equity for Puerto Rico (“PE for PR” or “the Fund”), formed by a group of leading private equity firms, including Clearlake Capital Group, Valor Equity Partners, StepStone Group, Palladium Equity Partners, LLC and MoonSail Capital, LLC, announced today an effort to raise significant funds from the private equity and financial communities to aid victims of Hurricane Maria in Puerto Rico.
CLEARLAKE CAPITAL BACKED GLOBELTR ENERGY INC. ANNOUNCES CORPORATE REBRANDING, CHANGES NAME TO GRAVITY OILFIELD SERVICES INC.
September 27, 2017Gravity Oilfield Services (“Gravity” or the “Company”), formerly known as GlobeLTR Energy Inc., announced today that the Company has initiated a comprehensive rebranding effort.
CLEARLAKE CAPITAL-BACKED CONVERGEONE COMPLETES ACQUISITION OF NEW YORK-BASED ROCKEFELLER GROUP TECHNOLOGY SOLUTIONS
September 18, 2017ConvergeOne, a leading global IT services provider of collaboration and technology solutions, today announced that it has received the regulatory and government approvals to acquire Rockefeller Group Technology Solutions (“RGTS”), a Unified Communications as a Service pioneer based in New York.
CLEARLAKE CAPITAL GROUP ANNOUNCES SALE OF CALERO SOFTWARE TO RIVERSIDE PARTNERS
September 13, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced today that Calero Software, LLC (“Calero” or the “Company”), a leading provider of Communications Lifecycle Management (CLM) solutions, has been acquired by Riverside Partners (“Riverside”). Financial terms were not disclosed.
CLEARLAKE CAPITAL BACKED GLOBELTR ENERGY INC. ANNOUNCES SALE OF WELL SERVICING DIVISION TO BRIGADE ENERGY SERVICES, LLC
September 7, 2017GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”), a portfolio company of affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced the Company has closed the sale of its well servicing division to Brigade Energy Services, LLC (“Brigade”), a portfolio company of Turnbridge Capital Partners, LLC and affiliates (“Turnbridge”). Financial terms of the transaction were not disclosed.
CLEARLAKE CAPITAL LEADS RECAPITALIZATION OF FLOWORKS
September 7, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and FloWorks International, LLC (“FloWorks” or the “Company”) today announced that Clearlake has led the successful recapitalization of FloWorks in partnership with the Company’s existing financial sponsors, led by TowerBrook Capital Partners L.P., the Company’s management team, and other stakeholders. Terms of the transaction were not disclosed.
CLEARLAKE CAPITAL BACKED FUTURIS GLOBAL HOLDINGS TO BE ACQUIRED BY ADIENT
August 21, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to sell Futuris Global Holdings LLC (“Futuris” or the “Company”) to an affiliate of Adient plc (NYSE: ADNT; “Adient”). The transaction is expected to close by the end of September 2017, subject to customary closing conditions and regulatory approvals.
CLEARLAKE CAPITAL-BACKED CONVERGEONE ANNOUNCES ACQUISITION OF SPS
August 17, 2017ConvergeOne, a leading IT services provider of collaboration and technology solutions, today announced that it has acquired Strategic Products and Services (“SPS”), a global, multivendor communication and networking managed service provider headquartered in New Jersey. Effective immediately, SPS is now SPS, a ConvergeOne Company. This acquisition solidifies ConvergeOne’s position as a leading provider of collaboration and IT enabled solutions in the market today.
CENTERBRIDGE COMPLETES $1.26 BILLION ACQUISITION OF ENTERPRISE SOFTWARE PROVIDERS SYNCSORT AND VISION SOLUTIONS
August 17, 2017Centerbridge Partners, L.P. (“Centerbridge”), a leading private investment firm, today announced that it has completed the $1.26 billion acquisition of enterprise software providers Syncsort Incorporated (“Syncsort”) and Vision Solutions, Inc. (“Vision”) from affiliates of Clearlake Capital Group, L.P. (“Clearlake”). As previously announced, Clearlake, which acquired Syncsort in 2015 and Vision in 2016, is retaining a minority ownership stake in the combined company.
JETSMARTER RECEIVES INSTITUTIONAL INVESTMENT FROM CLEARLAKE CAPITAL GROUP AND LEUCADIA NATIONAL CORPORATION
August 10, 2017JetSmarter Inc. (“JetSmarter” or the “Company”), the leading technology-enabled marketplace for private aviation, today announced that it has raised its first institutional capital. The investment will be anchored by lead sponsor, Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).
