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.
Clearlake Capital-backed IPG names protective packaging veteran Peter Durette as CEO
November 18, 2022Intertape Polymer Group (“IPG” or the “Company”), a global provider of packaging and protective solutions, today announced that Peter Durette will join IPG as Chief Executive Officer (CEO) and a member of the Board of Directors.
Voyager Interests acquires Knight Energy Services
November 3, 2022Voyager Interests (“Voyager”), a private equity firm specializing in the energy services and equipment sector, today announced its acquisition of Knight Energy Services (“Knight” or the “Company”) from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).
Gravity announces the sale of its chemical division, Tech Management
November 1, 2022Gravity, a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced the sale of Tech Management, its production chemicals platform, to Coastal Chemical Co., L.L.C. (“Coastal Chemical”), a Brenntag Company. Financial terms of the transaction were not disclosed.
Newfold Digital completes acquisition of MarkMonitor from Clarivate
November 1, 2022Newfold Digital (“Newfold”), a leading web and commerce technology provider backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”) and Siris Capital Group, LLC (“Siris”), today announced that it has completed its acquisition of MarkMonitor™, an industry-leading enterprise-level provider of domain management solutions from Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation.
DigiCert appoints industry veteran Amit Sinha as Chief Executive Officer
October 19, 2022DigiCert, Inc., (“DigiCert” or the “Company”) a leading global provider of digital trust, has named Amit Sinha as the Company's Chief Executive Officer, and a member of the DigiCert Board of Directors.
Clearlake Capital and Sam Soni acquire Ticket Evolution through VictoryLive platform
October 12, 2022Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Clearlake operating advisor Sam Soni announced today the acquisition of Ticket Evolution Inc. (“Ticket Evolution” or the “Company”), an end-to-end software provider for the event ticketing industry.
Third Quarter 2022 Investment Activity
October 11, 2022In Q3 2022, the equity and debt markets experienced significant volatility with continued uncertainty around inflation, recession fears, and the global geo-political climate. With that challenging backdrop, Clearlake successfully announced several new transactions. Clearlake also closed its third Clearlake Opportunities Partners ("COP") Fund with more than $2.5 billion in commitments. The firm continues to execute on its all-weather strategy, deploying flexible and creative capital across control and non-control investments.
