Clearlake Capital Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Clearlake Capital Group has acquired 29 companies. It has also invested in 1 other.

Clearlake Capital Group’s most common sectors for investment areinternet software and services (17%) and software (15%) . The Firm’s most common investment types include secondary buyout (41%) and buyout (lbo, mbo, mbi) (22%). In total, Clearlake Capital Group has invested in 24 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Cornerstone OnDemand for $5.2B.

In the last 3 years, Clearlake Capital Group has exited 7 companies. The Firm’s most common exit type is trade sale (38%). Clearlake Capital Group’s largest (disclosed) exit occurred in 2018 when it sold Sage Automotive Interiors for $1.1B.

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M&A Summary

  • M&A Total Activity95
    • M&A Buy Activity71
    • M&A Sell Activity24
  • Total Sectors Invested 21
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 33
  • M&A Advisors 31

Clearlake Capital Group

233 Wilshire Boulevard, Suite 800,
Santa Monica, California 90401
United States
(310) 400-8800
www.clearlakecapital.com
info@clearlakecapital.com

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


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Defense, Energy Services and Equipment, Food, Healthcare Services, Information Technology, Leisure, Manufacturing, Media, Retail, Safety/Security, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (7.2/yr) # 35 6 9 3 10 8 71
vol $2.9B $169M $5.1B $5.2B $13.3B
Sell (3.0/yr) # 9 8 2 2 1 2 24
vol $482M $1.1B $1.5B
  95

Most Recent M&A

Company Date Value Type
Mold-Rite Plastics, Inc. 2021-09-14 - Secondary Buyout
Plattsburgh, New York · www.moldriteplastics.com
Wheel Pros, Inc. 2021-09-02 - Merger
Lakewood, Colorado · www.wheelpros.com
Cornerstone OnDemand, Inc. 2021-08-05 5.2B USD Going Private
Santa Monica, California · www.cornerstoneondemand.com
Springs Window Fashions LLC 2021-07-28 - Secondary Buyout
Middleton, Wisconsin · www.springswindowfashions.com
Bakemark USA LLC 2021-07-20 - Secondary Buyout
Pico Rivera, California · www.bakemark.com
Confluence Technologies, Inc. 2021-06-17 - Secondary Buyout
Pittsburgh, Pennsylvania · www.confluence.com
American Construction Source 2021-05-25 - Add-on Acquisition
Springfield, Missouri · www.acs-lbm.com
Precisely Ltd. 2021-03-03 - Buyout (LBO, MBO, MBI)
Pearl River, New York · www.precisely.com
Constant Contact, Inc. 2021-02-10 - Divestiture
Waltham, Massachusetts · www.constantcontact.com
InvestCloud, Inc. 2021-02-02 - Secondary Buyout
West Hollywood, California · www.investcloud.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
nThrive - Technology Division 2020-11-19 TransUnion Healthcare, Inc. 2021-10-26 1
Alpharetta, Georgia Chicago, Illinois
Perforce Software, Inc. 2018-01-10 BlazeMeter LLC 2021-09-30 6
Minneapolis, Minnesota · www.perforce.com Palo Alto, California · www.blazemeter.com
Pretium Packaging, Inc. 2020-01-15 Alpha Packaging, Inc. 2021-09-16 1
Chesterfield, Missouri · www.pretiumpkg.com St. Louis, Missouri · www.alphap.com
Appriss, Inc. 2019-04-09 Appriss Insights LLC 2021-08-10 1
Louisville, Kentucky · www.appriss.com Louisville, Kentucky · www.apprissinsights.com
Ivanti, Inc. 2017-01-23 RiskSense, Inc. 2021-08-02 8
Salt Lake City, Utah · www.ivanti.com Sunnyvale, California · www.risksense.com
Janus International Corp. 2018-01-17 NCI Group, Inc. 2021-07-27 6
Temple, Georgia · www.janusintl.com Douglasville, Georgia · www.dbci.com
PrimeSource Building Products, Inc. 2020-11-13 The Wolf Organization LLC 2021-06-29 2
Irving, Texas · www.primesourcebp.com York, Pennsylvania · www.wolfhomeproducts.com
Precisely Ltd. 2021-03-03 Winshuttle LLC 2021-06-14 2
Pearl River, New York · www.precisely.com Bothell, Washington · www.winshuttle.com
symplr 2018-10-23 HealthcareSource HR, Inc. 2021-05-17 9
Houston, Texas · www.symplr.com Woburn, Massachusetts · www.healthcaresource.com
Precisely Ltd. 2021-03-03 Infogix, Inc. 2021-05-05 1
Pearl River, New York · www.precisely.com Naperville, Illinois · www.infogix.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 11 (24%) 8.2B (72%) 12 (17%) 8.2B (61%)
Software 4 (9%) 169M (1%) 10 (14%) 169M (1%)
Information Technology 6 (13%) 2.7B (24%) 9 (13%) 3.2B (24%)
Energy Services and Equipment 4 (9%) 244M (2%) 7 (10%) 379M (3%)
Automotive 1 (2%) - 4 (6%) -
Food 3 (7%) - 4 (6%) -
Consumer Products 2 (4%) - 3 (4%) 1.3B (9%)
Distribution 2 (4%) - 3 (4%) -
Communications - - 2 (3%) 125M (1%)
E-Commerce 1 (2%) 13M (< 1%) 2 (3%) 13M (< 1%)
Building Materials 2 (4%) - 2 (3%) -
Manufacturing 2 (4%) - 2 (3%) -
Media 1 (2%) - 2 (3%) -
Retail 2 (4%) - 2 (3%) -
Apparel/Textiles - - 1 (1%) -
Business Services - - 1 (1%) -
Information Services 1 (2%) - 1 (1%) -
Metals/Mining 1 (2%) - 1 (1%) -
Oil/Gas Exploration 1 (2%) - 1 (1%) -
Packaging 1 (2%) - 1 (1%) -
Plastics 1 (2%) - 1 (1%) -
Total 46 $11.3B 71 $13.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 46 (100%) 11.3B (100%) 69 (97%) 13.3B (100%)
  Texas 8 (17%) - 11 (15%) 135M (1%)
  California 5 (11%) 5.2B (46%) 10 (14%) 7.1B (53%)
  New York 6 (13%) 637M (6%) 7 (10%) 637M (5%)
  New Jersey 2 (4%) - 6 (8%) -
  Massachusetts 4 (9%) 5.1B (45%) 4 (6%) 5.1B (38%)
  Utah 3 (7%) - 3 (4%) -
  Minnesota 2 (4%) 169M (1%) 3 (4%) 169M (1%)
  Georgia 2 (4%) - 3 (4%) -
  Wisconsin 2 (4%) - 2 (3%) -
  Washington 1 (2%) - 2 (3%) -
  Pennsylvania 1 (2%) - 2 (3%) -
  Missouri 1 (2%) - 2 (3%) -
  Florida 1 (2%) - 2 (3%) -
  Tennessee 1 (2%) - 1 (1%) -
  Ohio 1 (2%) - 1 (1%) -
  North Carolina 1 (2%) - 1 (1%) -
  Michigan 1 (2%) - 1 (1%) -
  Kentucky 1 (2%) - 1 (1%) -
  Alabama 1 (2%) - 1 (1%) -
  South Carolina - - 1 (1%) -
  Nebraska - - 1 (1%) -
  Illinois - - 1 (1%) -
  Colorado - - 1 (1%) -
United Kingdom - - 1 (1%) -
Australia - - 1 (1%) -
Domestic 46 (100%) 11.3B (100%) 69 (97%) 13.3B (100%)
Cross-border - - 2 (3%) -
Total 46 $11.3B 71 $13.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 21 (46%) - 29 (41%) 500M (4%)
Buyout (LBO, MBO, MBI) 10 (22%) 13M (< 1%) 15 (21%) 13M (< 1%)
Divestiture 6 (13%) 2.5B (22%) 6 (8%) 2.5B (19%)
Recapitalization 1 (2%) - 6 (8%) 135M (1%)
Going Private 3 (7%) 8.8B (78%) 5 (7%) 10.1B (76%)
Consolidation 2 (4%) - 3 (4%) -
Growth Capital 1 (2%) - 3 (4%) -
Special Situations/Distressed 1 (2%) - 2 (3%) -
PIPE - - 1 (1%) 125M (1%)
Stake Purchase 1 (2%) - 1 (1%) -
Total 46 $11.3B 71 $13.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (38%) -
Trade Sale - Public Company 6 (25%) 1.3B (84%)
Trade Sale 4 (17%) 250M (16%)
Merger 3 (13%) -
IPO 1 (4%) -
Stake Sale 1 (4%) -
Total 24 $1.5B

Top M&A Advisors

Financial Deals
Evercore Group LLC
 6
UBS Investment Bank
 5
Harris Williams & Co.
 4
Legal Deals
Sidley Austin LLP
 4
Cooley LLP
 4
Kirkland & Ellis LLP
 3

Deal Values

buy # Total
> $1B 4 $11.5B
$100M to $1B 6 $1.8B
< $100M 1 $13M
TOTAL $13.3B
Largest Cornerstone OnDemand, Inc.
$5.2B (2021-08-05)
sell # Total
> $1B 1 $1.1B
$100M to $1B 2 $482M
TOTAL $1.5B
Largest Sage Automotive Interiors, Inc.
$1.1B (2018-07-19)

M&A Connections

Deals
Acquired from
Investor(s)
42%
30 (42%)
Strategic(s)
7%
5 (7%)
Exited to
Investor(s)
42%
10 (42%)
Strategic(s)
50%
12 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

25.0B USD

Established

2006

Specialist/Generalist

Generalist

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