Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $80 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland and Singapore. More information is available at www.clearlake.com and on Twitter @Clearlake.
Clearlake Capital Group and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. The transaction with Synopsys Inc., which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection with one or more liquidity transactions.
As an independent company, Black Duck provides all the application security solutions previously available from the Synopsys Software Integrity Group. Black Duck’s mission is to help organizations build trust in their software so they can innovate and transform their businesses with new, emerging technologies like AI.
"Black Duck provides critical technology that supports and enables enterprise-scale software development teams to protect their applications against rapidly evolving cybersecurity threats," said Prashant Mehrotra, Partner, and Sean Courtney, Principal, at Clearlake. "We are committed to supporting Black Duck as it continues to innovate and address the increasing demands for cutting-edge application security solutions with the help of our O.P.S.® value creation framework.”
#PrivateEquity#Investment#Acquisition#SoftwareSecurity#Technology#Growth#BuildTrustInYourSoftwarehttps://lnkd.in/gAMBx3Yn
ALKEGEN a global specialty materials platform providing high performance materials used in advanced applications and a portfolio company of Clearlake Capital Group, L.P., today announced the closing of a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders including lead lender Oak Hill Advisors, L.P. and funds managed by affiliates of Apollo Capital Management , L.P.
Alkegen has established itself as a global provider of high-performance specialty materials across high temperature insulation, fire protection, filtration and battery applications. With over 60 manufacturing facilities and over 7,500 employees worldwide, Alkegen’s global materials platform is concentrated on creating innovative technologies that enable fossil fuel reduction, clean air enhancements, and battery advancements. Alkegen’s comprehensive product portfolio focuses on helping customers optimize energy consumption and drive compliance with the latest emission and fire safety regulations.
“This new capital infusion represents a milestone in Alkegen’s next stage of growth and innovation,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, at Clearlake. “We look forward to supporting Alkegen’s ongoing commitment to delivering cutting-edge solutions to its global customer base.”
#PrivateEquity#Investment#Acquisition#SpecialtyMaterials#IndustrialMachineryManufacturing#Innovation#LiveGreenerhttps://lnkd.in/gnxVPUKy
Congratulations to Clearlake’s Darien L. and Sarah Anania on joining the Board of Directors of Synergist’s Los Angeles chapter. Synergist Network is a non-profit national network of women investors, which aims to connect women in the first decade of their investing careers and provide them with the infrastructure, network, and business acumen needed for long-term success.
If you’re in the LA area, please join Clearlake and Synergist LA for its 2024-2025 kick-off event on Thursday, October 3rd at 6:00pm PT at Sogno Toscano in Santa Monica.
#PrivateEquity#Investment#Acquistion#Leadership#WomenInInvesting#Mentorship#Networking
Register here: https://lnkd.in/gc_K3uDD
DigiCert backed by Clearlake Capital Group, L.P., Crosspoint Capital Partners, and TA Associates, today announced it has completed its acquisition of Vercara a leader in cloud-based services that secure the online experience, including managed authoritative Domain Name System (DNS) and Distributed Denial-of-Service (DDoS) security offerings that protect organizations’ networks and applications.
The acquisition of Vercara complements DigiCert’s core PKI and certificate management infrastructure that protects and authenticates people, websites, content, software, and devices. Vercara’s industry-recognized UltraDNS product is an enterprise-grade managed authoritative DNS service that securely delivers fast and accurate query responses to websites and other vital online assets, ensuring 100% website availability along with built-in security for superior protection. Vercara’s UltraDDoS Protect, UltraWAF, UltraAPI, and UltraEdge solutions provide layers of protection for organizations’ web applications and infrastructure.
#PrivateEquity#Investment#Acquisition#Security#Cloudhttps://ow.ly/awgx50TsYJM
Clearlake is excited to sponsor the PICTON Latam Summit 2024 on October 16 & 17 in Santiago, Chile, where 130+ key players from the Latin American investor landscape will be gathered to discuss timely issues in private capital. If you’ll be there, don’t miss Clearlake Partner Prashant Mehrotra’s panel on Wednesday, “Private Equity in North America: Testing the Model in a Period of High Rates” which will be moderated by Miguel Gravet Gaytan from AFP Capital. Drop us a line if you’ll be there - also joining Prashant from Clearlake will be Fred Ebrahemi and Patrick Gilligan.
Clearlake tiene el placer de patrocinar el PICTON Latam Summit 2024, una reunión de más de 130 actores clave del panorama inversor de América Latina, que se celebrará los días 16 y 17 de octubre en Santiago de Chile. Como parte de las conversaciones sobre el capital privado en América Latina, habrá un panel sobre “Private Equity en Norte América: Probando el modelo en período de tasas altas” que contará con la participación de Prashant Mehrotra, Socio (Partner) de Clearlake y será moderado por Miguel Gravet de AFP Capital. Envíanos un mensaje si vas a asistir – junto a Prashant, estarán también Fred Ebrahemi y Patrick Gilligan de Clearlake.
#PrivateEquity#Investment#Acquisition#InvestorRelations#Networking#Global#PICTONhttps://bit.ly/4ehGtF1
Zywave Inc., a leading provider of SaaS InsurTech solutions for sales management and client delivery enablement, today announced that Martin Simoncic has joined as Chief Executive Officer and Christian G. Kasper has joined as Executive Vice President & Chief Financial Officer. Zywave is backed by Clearlake Capital Group, L.P. and Aurora Capital Partners.
Prior to joining Zywave, Simoncic served as the President of the B2B business of PROS Holdings, Inc., a provider of AI-powered SaaS, configure, price, quote, and revenue management solutions. During his time at PROS, he also held the roles of Chief Customer Officer and Vice President of Product Management.
Kasper brings over three decades of financial and operational experience to Zywave, having previously served as CFO for six companies, including three cloud-based software companies. Kasper most recently was CFO of EDB Corporation, a software platform for managing database analytical and AI workloads.
“We are fortunate to have experienced software executives such as Martin and Chris join Zywave as CEO and CFO, respectively, and we look forward to partnering with the Company’s broader management team to accelerate the growth of the business organically and continue to propel Zywave’s buy-and-build initiatives in the insurance technology industry,” said Prashant Mehrotra, Partner and Managing Director, and Erik Hansen, Vice President, at Clearlake.
#PrivateEquity#Investment#Acquisition#Leadership#InsurTech#SaaS#Growthhttps://lnkd.in/gTS2ncMh
Clearlake’s José E. Feliciano will speak with Anastasia Titarchuk, CIO of NEW YORK STATE COMMON RETIREMENT FUND, for a fireside chat at the New America Alliance International Symposium on September 26 in Mexico City. During the keynote session, they’ll explore the essential leadership qualities needed to navigate the complexities and capitalize on the opportunities in private equity today. New America Alliance New America Alliance is a non-profit dedicated to shaping a more diverse and inclusive asset management investment industry. Clearlake is proud to be a gold sponsor of the symposium, which seeks to build connections between Latino and Latina managers and capital allocators across the U.S. and Latin America. To learn more, visit https://ow.ly/WBqN50TeWCm#privateequity#investment#credit
Clearlake Capital Announces New Senior Hires, With a Focus on Bolstering O.P.S.® Team
Firm Also Announces Senior-Level Promotions
Clearlake Capital Group, L.P., an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several senior-level additions to the Clearlake team that particularly bolster the Firm’s O.P.S.® group focused on operations, people and strategy.
“Having the right team in place is critical to driving the Firm’s continued growth and global operational reach, and Clearlake is proud to welcome a group of accomplished senior executives while also promoting our talent from within,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. “As today’s acquisition of MV Credit illustrates, Clearlake is focused on broadening our global capabilities to better serve our investors, and we will continue to add the best talent and resources as we expand.”
“We’re proud of the multifaceted team we’ve built, who possess the expertise needed to develop and deploy flexible and creative investment solutions, while managing risk, in today’s dynamic market,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. “We welcome our new team members and congratulate our long-tenured senior executives on their well-deserved promotions.”
https://ow.ly/Cqeo50TevZW
Newest additions to the O.P.S.® Team: David Beeston, Karina Sobieski, Madison Steinberg, David Neiman, Rishika Chandrupatla, Cassandra Kays
Recent new additions: Naveen Shahani, John C Curran, Mohamed El Fassi, Chris Cooper, David Jacobs
Congratulations on their Promotions: Sean Courtney, Dilshat Erkin, Ben Kruger, Kelvin Chang, Marcelia Freeman, and John F. Cannon#privateequity#investment#O.P.S. #Credit