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  6. Clearlake Capital and Siris Capital Group Acquire Newfold Digital

M&A Deal Summary

Clearlake Capital and Siris Capital Group Acquire Newfold Digital

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

Acquisition Highlights
  • This is Clearlake Capital’s 8th and Siris Capital Group’s 5th transaction in the Internet Software and Services sector.
  • This is Clearlake Capital’s 5th and Siris Capital Group’s 2nd largest (disclosed) transaction.
  • This is Clearlake Capital’s 59th and Siris Capital Group’s 16th transaction in the United States.
  • This is Clearlake Capital’s 3rd and Siris Capital Group’s 2nd transaction in Florida.

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

Target

Newfold Digital

Jacksonville, Florida, United States
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) 2

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 STATS #
Overall 62 of 93
Sector: Internet Software and Services M&A 8 of 14
Type: Going Private M&A Deals 4 of 8
State: Florida M&A 3 of 7
Country: United States M&A 59 of 88
Year: 2020 M&A 5 of 10
Size (of disclosed) 5 of 16
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 -
Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 5.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $500 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 17 of 21
Sector: Internet Software and Services M&A 5 of 6
Type: Going Private M&A Deals 10 of 11
State: Florida M&A 2 of 2
Country: United States M&A 16 of 19
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Pulse Secure

San Jose, California, United States

Pulse Secure LLC provides easy, comprehensive software-driven Secure Access solutions for people, devices, things, and services that improve visibility, protection, and productivity for our customers. Pulse Secure LLC suites and SaaS platform uniquely integrate cloud, mobile, application, and network access to enable hybrid IT in a Zero Trust world. Over 24,000 enterprises and service providers across every vertical entrust Pulse Secure to empower their mobile workforce to securely access applications and information in the data center and cloud while ensuring business compliance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 VTX Telecom AG

Pully, Switzerland

VTX Telecom is an independent operator of national scope with a product portfolio that includes many innovative services such as Internet access, fixed telephony, and mobile, Web hosting, Cloud mainly intended for small and medium-sized enterprises (SMEs). The group is domiciled in Switzerland, in Pully near Lausanne. To meet its proximity commitments, the company relies on a network of branches in French-speaking and German-speaking Switzerland grouped together under the holding company VTX Telecom. VTX Telecom was formed in 1986 and is based in Pully.

Sell -
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