M&A Deal Summary

Clearlake Capital Acquires Newfold Digital

On November 2, 2020, private equity firm Clearlake Capital acquired internet software and services company Newfold Digital for 3.0B USD

Acquisition Highlights
  • This is Clearlake Capital’s 8th transaction in the Internet Software and Services sector.
  • This is Clearlake Capital’s 4th largest (disclosed) transaction.
  • This is Clearlake Capital’s 57th transaction in the United States.
  • This is Clearlake Capital’s 3rd transaction in Florida.

M&A Deal Summary
Date 2020-11-02
Target Newfold Digital
Sector Internet Software and Services
Buyer(s) Clearlake Capital
Deal Type Going Private
Deal Value 3.0B USD

Target

Newfold Digital

Jacksonville, Florida, United States
website
Newfold Digital is a provider of shared web hosting services to small businesses. Newfield Digital helps customers of all sizes build a digital presence that delivers results. Newfold Digital has extensive product offerings and personalized support with customers to serve their online presence needs. Newfold Digital was founded in 1997 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States

website

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 60 of 85
Sector (Internet Software and Services) 8 of 14
Type (Going Private) 4 of 7
State (Florida) 3 of 5
Country (United States) 57 of 81
Year (2020) 5 of 10
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Whitestar Asset Management

Dallas, Texas, United States

Whitestar Asset Management is a credit-focused investment management firm, with an emphasis on managing and providing other services with respect to CLOs and related credit securities. Its team of talented professionals has deep experience in investing in and managing bank loans, loan acquisition, loan origination, credit analysis, portfolio management, trading, collateralized loan obligation (CLO) investing, and CLO deal structuring and compliance. Whitestar Asset Management is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

Buy -
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