Secondary Buyout • Food

Clearlake Capital Acquires Bakemark

On July 20, 2021, private equity firm Clearlake Capital acquired food company Bakemark from Pamplona Capital Management - Private Equity

Acquisition Context
  • This is Clearlake Capital’s 4th transaction in the Food sector.
  • This is Clearlake Capital’s 69th transaction in the United States.
  • This is Clearlake Capital’s 11th transaction in California.

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M&A Deal Summary

Date July 20, 2021
Target Bakemark
Sector Food
Buyer(s) Clearlake Capital
Sellers(s) Pamplona Capital Management - Private Equity
Deal Type Secondary Buyout

Target Company

Bakemark

Pico Rivera, California, United States
Bakemark is a specialty distribution platform serving as a critical link between bakery ingredients manufacturers and national and local bakeries. BakeMark is a vertically integrated supply chain partner and specialty distributor to 19,000+ customers across all major bakery channels, providing a broad portfolio of 7,000+ active SKUs and value-added services. Bakemark was founded in 1909 and is based in Pico Rivera, California.
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Buyer Overview 1

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B 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 Context for Buyer #
Overall 72 of 93
Sector: Food 4 of 4
Type: Secondary Buyout 31 of 40
State: California 11 of 16
Country: United States 69 of 88
Year: 2021 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Confluence

Pittsburgh, Pennsylvania, United States

Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications, and performance reporting solutions to the global asset management industry. Confluence is uniquely positioned as the only unified data-driven software platform that enables asset managers and global and regional fund administrators to automate various communications and reporting to shareholders and regulators. Confluence was founded in 1991 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Springs Window Fashions

Middleton, Wisconsin, United States

Springs Window Fashions is a manufacturer and marketer of custom and stock window coverings and drapery hardware to retail and commercial customers, as well as independent designers, franchisors, and decorators. Springs Window Fashions was founded in 1939 and is based in Middleton, Wisconsin.

Buy -

Seller Profile 1

SELLER

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.


Deal Context for Seller #
Overall 21 of 24
Sector: Food 2 of 2
Type: Secondary Buyout 8 of 10
State: California 2 of 2
Country: United States 9 of 12
Year: 2021 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Patientco

Atlanta, Georgia, United States

Patientco is a vertically integrated payment technology company that was founded specifically to rethink the patient payment experience in healthcare. The company provides greater connectivity, advanced analytics, and more so that health systems only need one patient payments partner and technology platform. It improves financial care across the entire patient journey, from pre-service to post-service, while increasing payments and revenue for today’s top health systems. Patientco was formed in 2008 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Pelsis

Knaresborough, United Kingdom

Pelsis is a trusted global supplier to the world’s largest pest control operators, distributors, and retailers through leading brands such as Edialux, Insect-O-Cutor, B&G, Curtis Dyna-Fog, and Pest-Stop. Pelsis was founded in 1981 and is based in Knaresborough, United Kingdom.

Buy -