In Q2 2022, Clearlake announced a total of 3 exits; 7 new platforms acquisitions, inclusive of 2 structured investments; and 9 add-ons. Clearlake and WhiteStar have continued to provide direct structured credit-orientated capital solutions to U.S. and European operating companies. Clearlake and WhiteStar have invested ~$3.5 billion in credit-oriented products in U.S. and European issuers in the form of primary and secondary structured debt investment, senior and junior secured and unsecured debt, participating preferred, and other credit-oriented structures. We continue to remain active across our core sectors, develop and expand our industry scope, and look for ways to creatively invest.
Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Motive Partners (together with its affiliates “Motive”) today announced the closing of the acquisition of the BETA+ assets including BETA Post-trade Processing, Maxit, and Digital Investor, from the London Stock Exchange Group (“LSEG”). Effective immediately, the company will operate as BetaNXT, reflecting its evolved strategic vision.
Bluerock, a leading alternative asset manager, has announced the launch of the Bluerock High Income Institutional Credit Fund (the “Bluerock High Income Credit Fund”, the “Fund”, Tickers: IIMAX, IIMCX, IIMWX), an income-focused fund with a portfolio comprised of actively managed pools of diversified collateralized loan obligations (CLOs).
FloWorks International LLC (“FloWorks”), a specialty flow control distribution platform backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has acquired netMercury ("netMercury" or the "Company"), a specialty parts and services distributor.
Gravity, a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced it has signed a multi-year minimum volume commitment produced water gathering agreement with an independent producer in the Midland Basin.
Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”) today announced that it has completed its acquisition of Intertape Polymer Group Inc. (TSX:ITP, “IPG”, or the “Company”), a global provider of protective packaging solutions.
Alkegen, one of the largest specialty materials platforms in the world that provides high performance materials used in advanced applications such as filtration media, battery technologies, high temperature insulation and fire protection, announced today that it has successfully completed a tender offering resulting in Alkegen obtaining a controlling ownership interest in Luyang Energy-Saving Materials Co. Ltd. (“Luyang” or the “Company”), a Shenzhen A-share listed platform headquartered in Yuquan, Shandong province, China.
Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) today announced it has entered into a definitive agreement to sell Brightly Software, Inc. (“Brightly Software”, “Brightly” or the “Company”) to Siemens AG (“Siemens”) (FRA:SIE) for $1.575 billion of upfront cash consideration, along with $300 million in cash earn-out payments, for a total of $1.875 billion.
ShiftKey, the largest platform for connecting independent licensed healthcare professionals with open shifts at healthcare facilities in the U.S. announced today that it has completed a strategic investment in Cleveland-based OnShift, the leading provider of workforce management technology for post-acute and long-term care facilities.
Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and in partnership with management, today announced it has entered into a definitive agreement to acquire Transamerican Auto Parts (“TAP” or “the Company”) from Polaris Inc. (NYSE: PII), the global leader in powersports.