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Clearlake Capital
Clearlake Capital Group, L.P. is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. In 2022, the firm was a part of an investor consortium named BlueCo that purchased Chelsea F.C. In June 2023, Clearlake Capital was ranked 14th in ''Private Equity International''s PEI 300 ranking of the largest private equity firms in the world. Background Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and José Feliciano. The strategy was to shift between buyouts and distressed securities depending on economic conditions. This allowed the firm to take advantage of the 2007–2008 financial crisis to acquire distressed securities and then sell them for a profit after recovery. In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. In May 2018, Clearlake sold a minority stake of up to 20% of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Partner
General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts and obligations. Role of a general partner A general partner acts on behalf of a business, and generally has the power to make decisions with or without the permission of the other partners. Due to their managerial role general partners have unlimited liability, which means that a partnership's genera partners are personally responsible for all business debts, meaning that the personal assets of general partners are at potential risk for the debts of the partnership. In the event that a partnership is dissolved, general partners are subject to liquidation, such that their share of the assets of the partnership may be distributed to claimants such as creditors before the partner receives any remaining share. General partner v. limited p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constant Contact
Constant Contact, Inc. is an online marketing company, headquartered in Waltham, Massachusetts, with additional offices in Loveland, Colorado; and New York, New York. The company was founded in 1995 by Randy Parker and was later sold to Endurance International in 2015. As of 2021 it had been acquired by ClearLake Investments. History The company was founded as Roving Software in 1995, taking its present name in 2004. In May 2008, Constant Contact's first acquisition was e2M Systems, an Event Management System for workshops, seminars and conferences of all sizes. In May 2010, Constant Contact acquired NutshellMail, a free tool that lets users monitor their social media accounts from their email. As reported by Mashable.com, Constant Contact recently released other social media features, such as Social Stats, which lets users see how often their emails or events have been shared on social media platforms. On February 16, 2011, Constant Contact acquired social CRM start-up Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Todd Boehly
Todd Boehly (born September 20, 1973) is an American businessman and investor. He is the co-founder, chairman, chief executive officer and controlling member of Eldridge Industries, a holding company headquartered in Greenwich, Connecticut. He is also the interim CEO of the Hollywood Foreign Press Association and co-owner and chairman of football club Chelsea. Early life and education Boehly, whose grandparents emigrated from Germany, attended Landon School in Bethesda, Maryland, graduating in 1991. He was a member of the school's wrestling team, which won I.A.C. championships in both 1990 and 1991. In 2014, Landon named their facilities the Boehly Family Wrestling Room in Boehly's honor. Boehly graduated from the College of William & Mary in 1996 with a Bachelor of Business Administration in Finance. He also studied at the London School of Economics. While at the London School of Economics, Boehly began working at Citibank and then at CS First Boston. Career 1996–2015 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornerstone OnDemand
Cornerstone OnDemand, Inc. is a cloud-based people development software provider and learning technology company. The company was publicly traded on the NASDAQ stock exchange under the ticker symbol until it was acquired by private-equity firm Clearlake Capital Group in 2021. Cornerstone started as CyberU, which provided online corporate training and education for adults, but eventually shifted focus to human resources software. History Cornerstone OnDemand, Inc. was founded by Adam Miller, Perry Wallack and Steven Seymour in 1999 under the name CyberU and as a learning technology company. It is based in Santa Monica, California, Santa Monica, California, CA. The company went public in 2011 on Nasdaq, NASDAQ and trades under the symbol CSOD. As of 2017, more than 3000 companies were using the companies software. With the purchase of Saba in 2020, the company expanded to 7000 users. In 2017, the company got a $300 million investment from LinkedIn, Linkedin and Silver Lake (inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precisely (company)
Precisely Holdings, LLC, doing business as Precisely, is a software company specializing in data integrity tools, and also providing big data, high-speed sorting, ETL, data integration, data quality, data enrichment, and location intelligence offerings. The company was originally founded as Whitlow Computer Systems before rebranding as Syncsort Incorporated in 1981, and then to its current form in 2020. Its original, eponymously named product, SyncSort, was the dominant sort program for IBM mainframe computers during much of the 1970s and 1980s. Precisely is headquartered in Burlington, Massachusetts. As of 2021, the company serves more than 12,000 customers, the majority of which are large enterprises, and has more than 2,000 employees. Josh Rogers serves as CEO. History Whitlow Computer Systems: 1968–1981 In 1968, Duane Whitlow and Stan Rintel started Whitlow Computer Systems to develop software for mainframe computers.Johnson, Luanne"Oral History of Duane Whitlow" Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centerbridge Partners
Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $32 billion of assetsBidding company with participation by Advent International and Centerbridge Partners announces intention to launch Bloomberg, November 23, 2021. and is based in , with an additional office in . T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ashley Stewart
Ashley Stewart is an American plus size women's clothing company and lifestyle brand, which was founded in 1991. The name Ashley Stewart was inspired by Laura Ashley and Martha Stewart, who the company saw as icons of upscale Americana. The Secaucus, New Jersey-based company has 89 stores across 22 states. They sell a variety of apparel, ranging from jeans to dresses and shoes. In recent years the brand has made a comeback, after filing for bankruptcy in 2010 and 2014. History Ashley Stewart arose out of real estate investor Joseph Sitt's frustration in bringing retailers into the inner city New York neighborhoods where he was developing real estate projects. After hiring merchants to study the market, he found that the biggest gap was in upscale fashion for plus-sized urban career women, and decided to open retail stores himself. Ashley Stewart was founded in 1991, and quickly grew to over 380 stores in more than 100 cities, recording annual sales as high as US $400 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlesbank Capital Partners
Charlesbank Capital Partners is a private equity investment firm focusing on management-led buyouts and growth capital financing of middle-market companies. The firm typically invests $50 million to $250 million of equity per transaction in companies with enterprise values of $150 million to $1.5 billion. Charlesbank's strategy emphasizes investing across a broad range of industries, transaction types and levels of the capital structure. With the addition of a credit strategy in 2016, the firm also engages in opportunistic or special situations credit investing. The founders of Charlesbank came together in 1991 as Harvard Private Capital Group to manage the private equity investment portfolio for Harvard Management Company. In 1998, the founders launched Charlesbank Capital Partners, an independent firm also based in Boston, Massachusetts. The firm employs more than 65 people between its Boston and New York City offices and has over $5 billion of capital under management. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Windfall Gain
A windfall gain is an unusually high or abundant income, that is sudden and/or unexpected. Types Examples of windfall gains include, but are not limited to: *Gains from demutualization - this example can lead to especially large windfall gains. A study in 1999 into the potential demutualization of the John Lewis Partnership predicted that partners would receive upwards of £100,000 in windfall gains if the company were to be floated on the stock market. *Unexpected inheritance or other large gift from another *Sweepstakes winnings *Winning a lottery or success in another form of gambling *Returns on investments *Proceeds or profit from a large sale *Game show, or other contest winnings *Employment payroll bonus *Natural resources * Foreign aid *Proceeds from an insurance claim *Settlement from a lawsuit *Discoveries from treasure hunting Uses What people do with windfall gains is subject to much debate. While they differ from one account to the next, most economists hypothesize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TA Associates
TA Associates, founded in 1968, is one of the early modern-era private equity firms in the United States. The firm leads buyouts and minority recapitalizations of profitable growth companies. TA invests across five industry groups: technology, healthcare, consumer products, financial services and business services. TA Associates has raised $47.5 billion of capital since inception. Since its founding, the firm has invested in more than 560 companies, and been ranked among the 50 largest private equity firms (ranked 27 in 2022) globally. The firm is headquartered in Boston, Massachusetts, with additional offices in Menlo Park, Austin, London, Mumbai and Hong Kong. As of July 2022, TA had more than 110 investment professionals. History TA Associates was founded in 1968 by Peter Brooke with the backing of his former firm, Tucker, Anthony & RL Day, an investment banking and brokerage firm. Prior to founding TA, from 1963 to 1968, Brooke had headed the corporate finance and ven ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
