PLATINUM ENERGY SOLUTIONS, INC. ANNOUNCES SUCCESSFUL COMPLETION OF ITS FINANCIAL RESTRUCTURING
October 11, 2013Platinum Energy Solutions, Inc. (“Platinum”) today announced that its balance-sheet restructuring was completed on October 4, 2013 following the completion of the exchange offer for Platinum’s 14.250% senior secured notes due 2015 (the “Existing Notes”) and related restructuring transactions.
CLEARLAKE CAPITAL GROUP COMPLETES ACQUISITION OF FUTURIS AUTOMOTIVE
September 10, 2013Santa Monica, CA – September 10, 2013 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has completed the acquisition of Futuris Automotive (“Futuris”) from Elders Limited (ASX:ELD).
MYCOM NAMES INDUSTRY VETERAN ALFRED BINFORD PRESIDENT AND CEO OF MYCOM’S ADVANCED ENGINEERING SERVICES DIVISION
August 20, 2013Atlanta, London, and Santa Monica – August 20, 2013 – MYCOM Group, the leading independent provider of end‐to‐end services, solutions and software for communications networks, and Clearlake Capital, a private equity firm and strategic investor in MYCOM, today announced several executive management appointments in response to recent success and growth experienced across its Advanced Engineering Services and Software divisions.
CLEARLAKE CAPITAL COMPLETES ACQUISITION OF BLUEFLY, INC.
August 9, 2013Santa Monica, CA and New York, NY, August 9, 2013 – Clearlake Capital Group today announced the final close of its acquisition and recapitalization of Bluefly, Inc., a leading online retailer. Bluefly has appointed eCommerce veteran and Clearlake Operating Advisor Neel Grover, former CEO and President of Buy.com and Director of Rakuten USA, to the posts of Chief Executive Officer and Co-Chairman.
ELDERS ANNOUNCES SALE OF FUTURIS AUTOMOTIVE BUSINESS
July 31, 2013Elders Limited (ASX:ELD) (Elders) has entered into a binding agreement for the sale of Futuris Automotive (Futuris) to affiliates of Clearlake Capital Group, L.P. (Clearlake) for a price which represents an Enterprise Value of A$69 million.
JACUZZI BRANDS COMPLETES FINANCIAL RECAPITALIZATION
July 9, 2013Chino Hills, Calif. — July 9, 2013 — Jacuzzi Brands LLC., announced today the closing of a recapitalization transaction that significantly raises liquidity, materially reduces outstanding indebtedness and extends the maturity dates of its loans out to 2018 and beyond. The transaction will position Jacuzzi to capitalize on opportunities emerging from the recovery of the housing industry and the overall economy.
CLEARLAKE CAPITAL GROUP COMPLETES ACQUISITION OF AGILYSYS RETAIL SOLUTIONS GROUP; RENAMES COMPANY KYRUS SOLUTIONS, INC.
July 2, 2013Greenville, SC – July 2, 2013 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has completed the acquisition of the Retail Solution Group (“RSG”) of Agilysys, Inc., through a newly-formed company. The new, standalone company is named Kyrus Solutions, Inc. (“Kyrus” or the “Company”). The transaction was first announced on June 3, 2013.
CLEARLAKE CAPITAL COMPLETES ACQUISITION OF ARCHER’S NORTH AMERICAN RENTAL AND TUBULAR DIVISION
June 28, 2013Santa Monica, CA – June 28, 2013 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has completed the previously announced acquisition of the North American Rental and Tubular Services divisions of Archer Limited, through a newly- formed company. The new, standalone company is named IronGate Energy Services (“IronGate” or the “Company”). The transaction was first announced on May 22, 2013.
CLEARLAKE CAPITAL GROUP ACQUIRES INVENTUS, LLC.
June 20, 2013Santa Monica, CA, and Chicago, IL – June 20, 2013 – Clearlake Capital Group, L.P. (“Clearlake”) and Inventus, LLC (“Inventus” or the “Company”) today announced that Clearlake has acquired Inventus, a leading electronic data discovery (“EDD”) solutions provider to global law firms, Fortune 1000 corporations, and government agencies. Clearlake led the investment group, which included the Inventus management team and Cerca Group LLC (“Cerca Group”), a private investment firm based in New York City. Terms of the transaction were not disclosed.
NIPPON TELEGRAPH AND TELEPHONE CORP: NTT TO ACQUIRE SOLUTIONARY, A LEADING PURE-PLAY MANAGED SECURITY SERVICES PROVIDER
June 17, 2013Tokyo and Omaha, June 17, 2013 - NTT, the world's largest global IT and telecommunications services company, and Solutionary, a leading pure-play Managed Security Services Provider, today announced the two companies have entered into a definitive agreement for NTT to acquire Solutionary, a privately held company based in Omaha, Nebraska, in an allcash transaction. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2013.
