Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information The Dun & Bradstreet headquarters in Jacksonville according to people with knowledge of the matter The discussions with private lenders, including Ares Management Corp. center around a $5 billion loan that would pay about 5 percentage points over the US benchmark rate and be issued at a discounted price of 99 cents on the dollar who asked not to be identified discussing confidential information Santa Monica-based Clearlake Capital Group acquires Florida firm Dun & Bradstreet in a $7.7 billion deal Clearlake Capital Group last week announced an agreement to take business analytics company Dun & Bradstreet private in what would be a $7.7 billion deal if closed The Santa Monica-based private equity firm headed by billionaires Behdad Eghbali and José Feliciano expects the deal to close in the third quarter of this year Clearlake will fund the purchase through a combination of equity and debt financing Dun & Bradstreet is a global provider of data and analytics used in business decision-making It was founded in 1841 as a risk-management firm globally recognized brand and has amassed a preeminent set of data and analytics that empower organizations of all sizes,” Eghbali said in a statement “As companies become more data-centric in their decisioning in this fast-paced world we see vast potential for Dun & Bradstreet to deliver AI-powered solutions to their global client base.” would pay out $9.15 per share to each of Dun & Bradstreet’s shareholders The company’s board of directors has unanimously recommended shareholder approval of the deal which also must go through regulatory scrutiny Bun & Bradstreet Chief Executive Anthony Jabbour noted that a six-year transformation plan at the company has grown its revenue by 40% and its EBITDA – earnings before interest expanded its margins by nearly 600 basis points and decreased its leverage from nine to 3.6 times He hailed this plan as a “strategic journey” and highlighted this take-private deal as part of the path “We are pleased to be partnering with Clearlake on this new leg of that journey,” Jabbour said in a statement our team looks forward to evolving and growing the company with new ways to put our trusted proprietary and mission-critical data assets to work for our clients.” Clearlake was represented in this transaction by a vast team of attorneys at Sidley Austin LLP Tommy Tsao and Daniel Gessner at the firm’s Century City office Learn how to describe the purpose of the image (opens in a new tab) Leave empty if the image is purely decorative Sidley is representing Clearlake Capital Group in its US$7.7 billion take-private acquisition of Dun & Bradstreet Holdings a global provider of business decisioning data and analytics Dun & Bradstreet offers financial reporting insights tools for business-to-business risk assessments Dun & Bradstreet shareholders will receive US$9.15 in cash per share of common stock outstanding The transaction is expected to close in the third quarter of 2025 The Sidley team is being led by Mehdi Khodadad and Dan Belke (M&A and Private Equity) and Daniel Gessner (M&A and Private Equity); Nicholas Schwartz and Damian Tan (Global Finance); Scott Colwell and Patrick Kwak (Capital Markets); Rachel Kleinberg and Jonathan Westreich (Tax); Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation); Eric Kauffman and trainee Ignacio Montaño Díaz (Antitrust and Competition); Sven De Knop and Carys Golesworthy (International Trade); Leonard Ng and Arash Dashtgard (Banking and Financial Services); Sara Shouse (Derivatives); Kyle Barnett and Sophia Iams (Technology Transactions); and Francesca Blythe and Garrett Lance (Privacy and Cybersecurity) Analytical cookies help us improve our website by providing insight on how visitors interact with our site and necessary cookies which the website needs to function properly The website cannot function properly without these necessary cookies, and they can only be disabled by changing your browser preferences. To learn more about these cookies, how we use them on our website, and how to revise your cookie settings, please view our cookie policy You have successfully set your edition to Europe Would you like to make this selection your default edition *Selecting a default edition will set a cookie The water quality of Clear Lake — California’s largest natural freshwater lake — suffers from low-to-no-oxygen conditions that contribute to harmful algal blooms (HABs) and other issues, according to a report from the UC Davis Tahoe Environmental Research Center and the U.S Clear Lake has long suffered from environmental challenges associated with mercury contamination which threaten aquatic and human health and the community’s cultural recreational and economic activities.  The report, submitted to the Blue Ribbon Committee for the Rehabilitation of Clear Lake, outlines the primary causes of deteriorating water conditions at the 63-square-mile lake It also applies newly developed predictive tools to test restoration strategies and offers actionable recommendations These include installing a hypolimnetic oxygenation system a technology that has been used nationwide and in California to enhance oxygen levels at the lake bottom.  conditions near the lake bottom are created by seasonal temperature stratification where a warm layer of water on top of the lake prevents oxygen from reaching the bottom.  “This anoxic bottom layer is triggering the bad mechanisms in the lake,” said Alicia Cortés lead UC Davis TERC project scientist for the Clear Lake project “These conditions cause lake sediments to release nutrients — particularly phosphorus — which can trigger adverse outcomes like HABs Low oxygen may also harm fish habitat or produce methylmercury — a highly toxic form of mercury.” TERC recommends implementing hypolimnetic oxygenation systems These systems aim to enhance oxygen levels in deeper waters to reduce the release of phosphorus from the sediments reduce methylmercury production and improve overall aquatic health the smallest arm of the lake frequently affected by HABs and mercury contamination as the installation site for a prototype system TERC researchers partnered with the USGS to conduct a multi-year study to understand the dominant processes in Clear Lake and its watershed that are diminishing water quality.  with strong currents that quickly move particles between its basins and frequent mixing events that alter the vertical distribution of temperature nutrients and harmful algal blooms,” said Alexander Forrest interim director of TERC and a UC Davis professor in the department of Civil and Environmental Engineering “These water movements need to be accounted for to make any rehabilitation strategy feasible and sustainable in the long run.” TERC researchers developed a continuous and multidisciplinary monitoring program with measurements collected every hour for five years Researchers installed sensors to track water temperatures oxygen levels and real-time meteorological conditions TERC researchers also collected hundreds of water samples to quantify nutrients and phytoplankton concentrations and created a high-resolution bathymetry map of the lake bottom.  Researchers at USGS quantified nutrient and sediment loads entering the lake from the watershed via streams This is a crucial component of understanding the full system that can influence water quality These on-site measurements were essential to developing predictive models for Clear Lake and its watershed These models help reveal the processes degrading water quality They show how the lake and watershed respond to changing environmental conditions and future restoration strategies TERC received a $1.1 million grant from the California Natural Resources Agency to support the planning and permitting phase for a prototype of the hypolimnetic oxygenation system and for community outreach on-site dissolved oxygen measurements near the lake bottom in the Oaks Arm.  The 15-member Blue Ribbon Committee for the Rehabilitation of Clear Lake was created by state legislation in 2017 to propose effective solutions to the decline of water quality at the lake It includes representatives from local Indigenous tribes UC Davis and the Central Valley Regional Water Quality Control Board Four members appointed by Lake County have expertise in agriculture The UC Davis Tahoe Environmental Research Center remains dedicated to conducting rigorous research and fostering environmental stewardship of California's prized natural resources Through continued collaboration and innovation TERC envisions a future where Clear Lake thrives again Subscribe to the Science & Climate newsletter Press kit of images. Download permitted with credit Read the full report. University of California, Davis Copyright © The Regents of the University of California Fish and Wildlife Service proposed to list the Clear Lake hitch as threatened under the Endangered Species Act the Service is proposing a 4(d) rule for activities that will have a conservation benefit for the species Critical habitat will be proposed at a later date The Clear Lake hitch is a large freshwater minnow found only in Northern California’s Clear Lake watershed The silver fish is an important species to local Tribes who call it “Chi” and historically relied on it for food degradation and modification throughout the Clear Lake watershed are the leading threats to the species and invasive carp and other non-native fish also contribute to the species’ decline.  “The survey data in Clear Lake has shown a decline in the hitch population over an extended period but there’s a lot of variability in the population numbers year-to-year due to changes in environmental conditions,” said Michael Fris field supervisor of the Service’s Sacramento Fish and Wildlife Office “We will continue to look at all potential factors that could be contributing to the decline of this culturally important species and invest in projects that support the recovery of the hitch.” the Service determined that proposing the hitch as threatened was warranted While the species is not currently at risk of extinction populations of the hitch are likely to continue to decline putting the species at risk for extinction in the future.  “The Service is committed to helping the Clear Lake hitch recover,” said Fris we have been working with local partners and agencies to monitor the species and work collaboratively on projects that help restore habitat.”  The Service is also committed to completing a conservation strategy for the hitch objectives and actions that are needed to improve the species’ habitat This strategy was developed alongside many partners federal and local government agencies.  the Service also is proposing a 4(d) rule for the hitch that provides exceptions to the prohibition of take under the Endangered Species Act for activities associated with habitat management and restoration non-native plant and animal species removal These activities can prevent further declines in habitat conditions preserve or improve the resiliency of the remaining populations or only have negligible impacts to the fish.  plants and their habitats for the continuing benefit of the American people You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience in its sale to investment funds associated with Clearlake Capital Group an investment firm operating integrated businesses across private equity The latest views and developments from Weil Reporting by Akash Sriram and Arsheeya Bajwa in Bengaluru; Additional reporting by Jaspreet Singh in Bengaluru; Editing by Saumyadeb Chakrabarty Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world the latest sign of a difficult fundraising environment for buyout firms Clearlake extended fundraising until November after telling investors it has about $13 billion committed to its eighth buyout fund who asked not to be identified because the details are confidential in its significant majority growth investment in ModMed is a developer of AI-powered medical practice technology The transaction is subject to customary closing conditions including the receipt of required regulatory approvals Financial terms of the transaction were not disclosed The Sidley team is being led by Mehdi Khodadad and Mark Castiglia (M&A and Private Equity) and includes Tommy Tsao and Cameron Turkzadeh (M&A and Private Equity); Nicholas Schwartz and Scott Dawson (Global Finance); Jon Zucker (Healthcare); Eric Kauffman and Emily Wajert (Employment); Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation); Kyle Barnett and Dina Kang (Technology Transactions); Lauren Kitces (Privacy and Cybersecurity); Rachel Kleinberg and Jonathan Westreich (Tax); Ken Daly and Vadim Brusser (Antitrust and Competition); and Sven De Knop and Alessandra Moroni (International Trade) Clearlake to Acquire ModMed from Warburg Pincus BOCA RATON, Fla., March 3, 2025 /PRNewswire/ -- ModMed® (the "Company"), a pioneer in specialty-specific healthcare SaaS technology today announced that Clearlake Capital Group "Clearlake") has made a significant majority growth investment in the Company ModMed develops AI-powered medical practice technology to support the unique needs of providers and their staff in multiple specialties Providers have embraced the Company's solutions which leverage structured data collection and time-saving features like adaptive learning and automations to enhance both clinical and operational efficiency The Company offers a comprehensive suite of solutions designed to empower both providers and patients throughout their entire healthcare journey including electronic health records ("EHRs") all working together to enable more efficient medical practices ModMed has operated with a clear and consistent mission: to place doctors and patients at the center of care through an intelligent we have remained steadfast in our dedication to innovation and improving providers' lives Our journey with Warburg Pincus enabled us to scale and achieve significant milestones and we look forward to our next chapter of growth with Clearlake and continuing to leverage technology to transform the patient-provider experience," said Dan Cane Chief Medical and Strategy Officer and Co-Founder "Our decision to partner with Clearlake was driven by their demonstrated ability to accelerate growth an impressive track record of investing behind software and healthcare technology platforms their alignment with our core mission to improve healthcare and their commitment to our strategic initiatives," said Joe Harpaz "As we look at the investments we are making in our existing products and in delivering unmatched customer experiences we are confident that this partnership will strengthen our ability to deliver impactful solutions and maintain our position as a trusted technology partner for our customers." "The ModMed team has built a special company with a differentiated and comprehensive suite of mission-critical Its deep commitment to developing innovative technology has solidified the Company's position as a leading provider of ambulatory healthcare software resulting in resilient demand and sustainable outsized growth across medical specialties," said Behdad Eghbali "We believe long-term trends in healthcare favor software providers focused on innovation and efficiency and we are excited about ModMed's advancements in AI-enabled technology that simplifies documentation and streamlines workflows We look forward to partnering with the ModMed team to leverage our O.P.S.® framework to continue driving growth for this exciting platform." "ModMed is a leading company sitting squarely at the intersection of two of our longest-standing investment focus areas We're confident Clearlake will continue to support the Company in its mission to revolutionize patient care," said Amr Kronfol "We're grateful for the partnership with Dan Michael and the talented team at ModMed over the past eight years as the Company delivered differentiated technology and innovation," added Michael Ding Morgan Securities LLC are serving as financial advisors to Clearlake Sidley Austin LLP is serving as legal advisor to Clearlake Goldman Sachs is serving as exclusive financial advisor Kirkland & Ellis LLP is serving as legal advisor Wharton & Garrison LLP is serving as finance counsel to ModMed About Clearlake Capital Clearlake is an investment firm founded in 2006 operating integrated businesses across private equity the firm seeks to partner with experienced management teams by providing patient long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach O.P.S.® The firm's core private equity target sectors are technology and consumer. Clearlake currently has over $90 billion of assets under management its senior investment principals have led or co-led over 400 investments and has deployed over $57 billion in liquid and illiquid credit investments globally The firm is headquartered in Santa Monica CA with affiliates in Dallas ModMed Media Contact: [email protected] Clearlake Media Contact: Jennifer Hurson Lambert [email protected] Warburg Pincus Media Contact: Kerrie Cohen Communications [email protected] Do not sell or share my personal information: according to people with knowledge of the situation The performance and outlook for the company have deteriorated since the discussions began late last year, leading to disagreement on the magnitude of the discount that creditors would take as part of a debt exchange, said the people, who asked not to be identified as the talks were private. RSA, also backed by Symphony Technology Group was seeking additional cash and maturity extensions as well Sale to Arlington Capital Partners Completes Company's Transformation into a Healthcare-focused Specialized Manufacturing and Supply Chain Solutions Provider Under Clearlake 2024 /PRNewswire/ -- Clearlake Capital Group "Clearlake") today announced it has sold TEAM Technologies "TEAM" or the "Company") to an affiliate of Arlington Capital Partners ("Arlington")  Terms of the transaction were not disclosed TEAM Technologies is a growth-oriented provider of specialized manufacturing and strategic supply chain solutions to blue-chip healthcare customers  The Company operates 15 facilities throughout North America and boasts an extensive lineup of advanced manufacturing solutions for Class I and II medical devices servicing diverse healthcare end-markets including diagnostics Clearlake leveraged the firm's O.P.S.® framework to enhance the Company's operational footprint and vertical market focus through acquisitions and strategic organic initiatives "We are thrilled by TEAM Technologies' progress during our partnership," said José E  "By leveraging Clearlake's O.P.S.® capabilities in partnership with management we were able to support the Company through a period of significant organic growth during which we restructured TEAM's go-to-market strategies to target key healthcare verticals  We augmented these initiatives with a disciplined M&A strategy highlighted by three highly strategic add-on acquisitions that furthered TEAM's evolution into a scaled healthcare-focused specialty manufacturing and supply chain solutions platform These initiatives resulted in TEAM Technologies doubling revenues while increasing healthcare end-market exposure to more than 90% of revenue during our partnership." Chief Executive Officer at TEAM Technologies "We are proud of the milestones we have achieved together with Clearlake  Their strategic support enabled us to enhance our operational capabilities and foster strategic partnerships with our customers  We are excited about the next chapter and the continued opportunities that lie ahead." "TEAM Technologies is a compelling story of growth and transformation," added Ben Kruger we enhanced the Company's solution set by investing behind highly automated healthcare-focused manufacturing solutions to achieve accelerated growth in targeted end-markets  We are proud to have partnered with Marshall and his team and look forward to TEAM's continued success." Baird acted as financial advisor to TEAM Technologies  Kirkland & Ellis LLP and Massumi + Consoli LLP provided legal counsel to TEAM Technologies and Clearlake.  Harris Williams and Goodwin Procter LLP served as financial and legal advisors is an investment firm operating integrated businesses across private equity long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach O.P.S.®  The firm's core target sectors are technology Clearlake currently has over $85 billion of assets under management and its senior investment principals have led or co-led over 400 investments  The firm is headquartered in Santa Monica More information is available at clearlake.com and on X @Clearlake About TEAM Technologies Headquartered in Morristown TN with 15 facilities throughout North America TEAM Technologies is a growth-oriented provider of non-discretionary TEAM boasts an extensive lineup of advanced manufacturing solutions servicing diverse end-markets including diagnostics  With an entrepreneurial mindset and a management team with deep industry experience turnkey processes and innovation to be the partner of choice for its customer partners Jennifer Hurson[email protected](845) 507-0571 Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software.. ("Clearlake" or the "Firm") an investment firm founded in 2006 operating integrated businesses across private equity,.. Banking & Financial Services Computer Software Computer Software Computer & Electronics The package under discussion consists of a $5 billion funded term loan and a $500 million revolver, said the people, who asked not to be identified discussing confidential information. one of Wall Street’s oldest providers of data and analytics but lining up a traditional debt package to fund the leveraged buyout would have taken weeks With just days to get the financing in place, the private equity firm took what it could get on short notice — a $5.75 billion 364-day bridge loan from a group of banks that offered none of the guarantees that usually come with an underwritten LBO who asked not to be identified discussing private information Dear Reader,Unfortunately our comment platform isn\'t available at the moment due to issues with our paywall and authentication vendor A judge has ruled in favor of the Koi Nation throwing a Clearlake hotel project into uncertainty As the Koi Nation awaits a federal court ruling that could remove the final barrier to its ambitious resort-casino project near Windsor the small Pomo band has won a major victory in a less-publicized case involving tribal consultation on public projects A panel of three state appellate court judges on Friday ruled that the city of Clearlake neglected to take into proper consideration the Koi’s cultural analysis in preparing environmental documents for a proposed hotel within city limits The panel held that city failed to comply with the state’s bedrock environmental law or the mandate to consult the tribal nation “and thus that the City did not proceed in the manner required by law which is an abuse of discretion,” Associate Justice Marla J Miller wrote on behalf of the other two judges The decision is a setback for proponents of a new four-story hotel and one-story meeting hall on a 2.8 acre parcel in Clearlake plus a road extension westward to Old Highway 53 City Manager Alan Flora said Clearlake is weighing its next steps “We don’t have any plans to share at this time,” Flora wrote in an email the legal ruling is an important carve-out not just for them “This is a very historic and consequential piece of a judicial process that vice chair of the Koi Nation Tribal Council told The Press Democrat in a Zoom interview and this is the result of the ancestors helping us help them.” The Sacramento-based attorney representing the Koi in the case framed the judges’ decision as a landmark ruling added consideration of tribal cultural resources to other aspects of standard review under the California Environmental Quality Act was the first case to test the strength of the consultation requirement as applied to cities AB 52 requires meaningful consultation with California tribes “on a range of issues including identifying tribal cultural resources identifying project impacts and mitigating those impacts,” Vandermolen said in the Zoom call “And so the consultation is really at the heart of that without the local government actually taking the tribe’s input into consideration the purposes of AB 52 and CEQA generally just aren’t fulfilled.” former Assembly member Mike Gatto of Los Angeles it was precisely to avoid tribes having to go through what the Koi did here — a development being built near important cultural resources without any input from the tribe and honored to have guided it in some small way.” It wasn’t that the Koi weren’t allowed to weigh in on the hotel project It’s that the consultation didn’t meet the state standards and you just don’t get to any type of a conclusion in 45 minutes — let alone get out to the site take in what possibly could be there from a tribal cultural resource standpoint and make a summation,” Beltran said The city of Clearlake held an initial March 2022 meeting at which Koi leaders offered evidence of important sites at risk of disturbance as well as confidential maps of cultural resources and proposed mitigation measures Tribes generally keep information about important ancestral sites confidential to avoid vandalism and theft according to an amicus brief filed by California Attorney General Rob Bonta despite repeated efforts to contact the city and continue discussions Beltran said the Koi’s recent legal victory doesn’t necessarily doom the proposed hotel former Director of the Office of Native American Affairs Merri Lopez-Kiefer and a neighboring tribe Meanwhile, the Koi’s yearslong attempt to develop a casino in the Shiloh neighborhood of Sonoma County remains tied up in federal court, where four Sonoma County tribes — the Graton, Lytton, Dry Creek and Cloverdale rancherias — have sued the U.S. Department of the Interior in an attempt to stop the project from moving forward. Those tribes have cited the Koi’s lawsuits against Clearlake (another takes aim at a proposed Burns Valley Sports Complex) in their own complaints effectively accusing the Koi of trying to have it both ways — claiming ancestral roots that would make them a tribe of record in the area south of Clear Lake while also attempting to establish historic ties to modern-day Sonoma County Federated Indians of Graton Rancheria Chair Greg Sarris has emphasized the differing languages or dialects spoken by separate Pomo bands Beltran described it as an artificial distinction Linguists often talk about the Latin language and how it originated in the middle of modern-day Italy and migrated outward undergoing an evolution that resulted in Spanish it’s just not in the history books,” Beltran said anthropologists and linguists that the original Pomo language started in the southeastern portion of Clear Lake migrated westward and down into the Russian River Valley where we are now “One of the archaeologists that worked on our project said that these tribes telling you to go back to Clear Lake is like telling their grandmother to go away.” You can reach Phil Barber at 707-521-5263 or phil.barber@pressdemocrat.com Please enable JS and disable any ad blocker Essential digital access to quality FT journalism on any device Complete digital access to quality FT journalism with expert analysis from industry leaders Complete digital access to quality analysis and expert insights complemented with our award-winning Weekend Print edition Terms & Conditions apply Discover all the plans currently available in your country See why over a million readers pay to read the Financial Times Clearlake-backed Chelsea reports £128.4m profit following sale of women’s team Chelsea’s restructuring comes amid growing scrutiny over financial sustainability in football The club has stressed its compliance with Premier League profit and sustainability rules although its standing with UEFA regulations has yet to be determined Despite reduced overall revenues due to the men’s team’s absence from European competition Chelsea increased commercial revenue to £225.3m and matchday revenue to £80.1m helped by stronger loan income and non-matchday activities The results follow Clearlake’s continued strategy of unlocking value through asset restructuring within its sports and media portfolio as demonstrated by the club’s earlier hotel asset transfer Source: BBC Sport If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com Subscribe to our Newsletter to increase your edge through our newsletter you’ll receive weekly access to what is happening By signing up for our newsletter, you accept our terms and conditions as outlined under pe-insights.com/privacy-policy The deal offers $9.15 per share in cash to Dun & Bradstreet shareholders reflecting an equity value of $4.1bn.The transaction gives Clearlake access to one of the world’s most established corporate data providers and analytics services to a global client base The acquisition underscores growing private equity interest in data-driven businesses particularly those positioned to scale artificial intelligence solutions across enterprise markets co-founder and managing partner at Clearlake said the firm sees significant potential in Dun & Bradstreet’s platform adding that the company is well-positioned to deliver AI-powered tools to its clients The deal will be financed through a mix of equity and debt analysts expect the company’s performance to reaccelerate in the upcoming quarters Jefferies analysts previously noted the company’s strong cash flow allowing Dun & Bradstreet to solicit alternative offers The company previously went public in 2020 two years after being taken private by an investor consortium led by CC Capital This acquisition continues a wave of private equity activity targeting data and analytics platforms as firms look to capitalise on rising demand for intelligent enterprise solutions Clearlake’s move reinforces the firm’s broader strategy of investing in scalable tech-enabled businesses with long-term growth potential By signing up for our newsletter, you accept our terms and conditions as outlined under pe-insights.com/privacy-policy. The private equity firm is in advanced talks to pay about $9 a share for the Jacksonville A deal could be announced as soon as next week Transaction Marks Successful Execution of Numerous Initiatives Enhancing Company's Product Portfolio and Operations Under Clearlake's and Insight's Ownership 2025 /PRNewswire/ -- Appriss Retail (or the "Company") a provider of real-time decisioning software and solutions that enable omnichannel retailers to minimize return fraud "Clearlake") and Insight Partners ("Insight") announced today that it has been acquired by Gemspring Capital Appriss Retail empowers its customers with a comprehensive AI-powered omnichannel intelligence platform that protects against fraud and abuse The Company's solutions are trusted by more than 60 of the top 100 U.S omnichannel sales across 150,000 locations a provider of data & analytics solutions for real-time risk assessment and mitigation focused on the public safety the Company was spun-off by Clearlake and Insight as a separate business in 2023 "In collaboration with the management team we utilized our O.P.S.® framework to enact numerous value-enhancing initiatives including bolstering the Company's AI and machine-learning capabilities driving critical partnerships within the ecosystem and enhancing the go-to-market strategy," said Behdad Eghbali "These initiatives have driven sustained growth and profitability for the Company while better positioning it to support customers amidst a backdrop of increasing fraud." "Appriss Retail has made tremendous strides in advancing fraud prevention technology and delivering real value to omnichannel retailers Through our partnership over the past decade Insight has supported the company in scaling its AI-powered intelligence platform and expanding its market reach," said Deven Parekh "As fraud prevention remains a critical priority for retailers we believe that Appriss Retail will continue to lead the industry with innovative solutions We look forward to seeing Appriss Retail's continued success in this next phase of growth." "We are proud of the significant milestones our team has accomplished in collaboration with Clearlake and Insight Their strategic support has enabled us to enhance our product portfolio and cultivate strategic partnerships with customers we are excited about the next chapter and the opportunities that await us." Evercore acted as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to the Company About ClearlakeClearlake is an investment firm founded in 2006 operating integrated businesses across private equity O.P.S.® The firm's core private equity target sectors are technology Clearlake currently has over $90 billion of assets under management its senior investment principals have led or co-led over 400 investments and has deployed over $57 billion in liquid and illiquid credit investments globally For Appriss Retail:Matthew BoncoskyKetner Group Communications (for Appriss Retail)[email protected] For Clearlake:Jennifer Hurson[email protected](845) 507-0571 For Insight Partners:[email protected] SOURCE Clearlake Capital, Insight Partner, Appriss Retail according to people familiar with the matter The IT firm will get roughly $350 million in new debt and stretch out existing maturities by several years asking not be named discussing confidential information Participation in the deal will be open to all existing lenders and doesn’t require a haircut to the value of their holdings Firm Also Announces Senior-Level Promotions an investment firm founded in 2006 operating integrated businesses across private equity today announced several senior-level additions to the Clearlake team that particularly bolster the Firm's O.P.S.® group focused on operations "Having the right team in place is critical to driving the Firm's continued growth and global operational reach and Clearlake is proud to welcome a group of accomplished senior executives while also promoting our talent from within," said José E Co-Founder and Managing Partner at Clearlake "As today's acquisition of MV Credit illustrates Clearlake is focused on broadening our global capabilities to better serve our investors and we will continue to add the best talent and resources as we expand." "We're proud of the multifaceted team we've built who possess the expertise needed to develop and deploy flexible and creative investment solutions in today's dynamic market," said Behdad Eghbali "We welcome our new team members and congratulate our long-tenured senior executives on their well-deserved promotions." The recent senior level O.P.S.® new additions include: Beeston was at Fenway Sports Group (FSG) where he served as Co-Head of Fenway Sports Management (FSM) Chief Strategy Officer of the Boston Red Sox and Alternate Governor of the Pittsburgh Penguins Beeston was responsible for day-to-day oversight of the Pittsburgh Penguins and Fenway Sports Management as well as its overall strategic growth and M&A activities Sobieski was Co-Head of the Portfolio Human Capital practice at Advent International where she was responsible for talent initiatives across the firm's portfolio She previously served as a Partner in the Human Capital Practice at SoftBank Group as well as a Partner in Human Resources at Andreessen Horowitz Steinberg was a M&A Tax Manager at Ernst & Young (EY) supporting private equity and corporate clients with tax due diligence David Neiman as O.P.S.® Data Scientist Manager He previously was a Data Scientist at EasyPay Finance Rishika Chandrupatla as O.P.S.® Procurement Analyst She previously was part of the technology team at Kaiser Permanente Kays was previously the Social Science Technical Lead at the non-profit organization Westwood Greenway Inc Clearlake also recently welcomed new additions to the Firm outside of O.P.S.® including: Naveen Shahani as Principal on the investment team Shahani was previously a Principal at Apollo Global Management El Fassi is joining Clearlake from Goldman Sachs' Alternative Capital Markets Group Cooper was previously Chief Financial Officer at Softbank Group International and Sequoia Capital Jacobs was most recently Head of Finance and Senior Vice President at Vista Equity Partners and previously was a Principal at KKR Credit In addition to adding new roles and outside talent Clearlake continues to promote from within Its recent senior executive promotions include: Courtney joined Clearlake in 2015 and supports several of the firm's software & technology and consumer platforms He currently serves on the Board of Directors of several Clearlake portfolio companies Erkin joined Clearlake in 2014 and supports several of the firm's industrial Kruger joined Clearlake in 2016 and supports several of the firm's industrial Chang joined Clearlake in 2022 based in Singapore and is responsible for raising capital in the Asia-Pacific region he has expanded Clearlake's investor base in the Asia-Pacific region and has supported capital raises for the Firm's Clearlake Capital Partners strategy Freeman joined Clearlake in in 2020 and is responsible for raising capital for the firm's various investment vehicles she has supported capital raises for the Firm's Clearlake Capital Partners and structured credit and related strategies Portfolio General Counsel & O.P.S.® and Chief Compliance Officer Cannon joined Clearlake in 2019 and is responsible for the Firm's global compliance program and O.P.S.® risk mitigation and value enhancement initiatives across the portfolio Media contact: Jennifer Hurson Lambert 845-507-0571 [email protected] "Clearlake") today announced it has sold TEAM Technologies Financial Technology Financial Technology This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Issues with signing in? Click here Need help signing in? Los Angeles Water & Power Employees Retirement Plan splits the amount between two Clearlake funds Your email address is already registered with us. Click here to receive a verification link and login. Don't have an account? Click here to register Please check your spam or junk folder just in case Private credit has been building as an alternative financing option for businesses with the offer of attractive returns for investors, and Clearlake Capital Group LP is headed for a bigger slice of the market The California headquartered investment firm has agreed to acquire a $5.1 billion AUM private credit specialist from Natixis Investment Managers The pan-European MV Credit provides tailored fund solutions to investors across senior direct lending and collateralized loan obligation strategies and has deployed more than $11 billion since its inception in London in 2000 the acquisition will boost its credit business to more than $28 billion AUM (it was around $6 billion in 2020) and its firmwide AUM to more than $90 billion It will also expand the firm’s team to more than 230 professionals across offices in Santa Monica commented that credit is core to his firm’s strategy and has been in its DNA since it was founded in 2006 “MV Credit’s exceptional track record and deep expertise in private credit align perfectly with our existing credit business and strengthen our continuing presence in Europe,” he said “Clearlake has deployed over $40 billion in debt and preferred equity investments since 2006 and with MV Credit’s expertise we will broaden our global direct lending capabilities to better serve sponsors and other clients while expanding product offerings for our investors.” Clearlake’s co-founder and managing partner added that the acquisition will add significant scale to the firm’s credit business “We have been very deliberate in how we’ve built our credit business with highly complementary direct lending capabilities provides us with new opportunities for strategic growth,” he said The European Union is pushing to bring more transparency to the booming private credit market as regulators worry its rapid growth could threaten the financial system Jeff Miller, (510) 499-9185, [email protected] Endangered Species Act Protection Proposed for California’s Clear Lake Hitch CLEAR LAKE, Calif.— In response to a 2012 petition by the Center for Biological Diversity, the U.S. Fish and Wildlife Service today proposed to protect the Clear Lake hitch — a large minnow found only in Northern California’s Clear Lake and its tributaries — as a threatened species under the Endangered Species Act Clear Lake hitch numbers have declined precipitously as their habitat has been degraded and destroyed “I’m relieved that strong protections are on the way for these iconic fish who embody the hope for a restored Clear Lake and whose persistence is so meaningful for indigenous cultures,” said Jeff Miller a senior conservation advocate at the Center “The hitch need immediate emergency actions if they’re going to survive Endangered Species Act protections can help ensure that happens.” when adults make their way into the streams that connect to Clear Lake to spawn before returning to the lake Millions of hitch once crowded into the lake’s tributaries during spectacular spawning runs These masses of hitch were a vital part of the Clear Lake ecosystem and an important food source for numerous birds Hitch were also a staple food and a cultural mainstay for the original Pomo inhabitants of the region Now just a few thousand adult fish spawn in a good year with numbers dipping much lower in recent years The primary threat to Clear Lake hitch is a lack of water flowing in the tributaries during their spring spawning that is being worsened by climate change-driven drought The hitch are also threatened by fish-passage barriers and predation and competition from invasive fish such as carp and bass The hitch need emergency action to survive controlling invasive predatory fish and maintaining adequate water flows The Clear Lake hitch’s closest relative was the Clear Lake splittail a fish driven to extinction by the 1970s because of habitat alterations that dried out spawning streams and barriers that prevented their spawning migrations “Unless stream and wetland habitats are restored and the fish reintroduced into former spawning tributaries Clear Lake’s hitch may go extinct like the lake’s former splittail population,” Miller said Clear Lake hitch have adapted to a very brief period of suitable stream conditions for their annual spawning run the species can’t survive numerous consecutive years of failed spawning Suitable hitch habitat has been significantly degraded with an 85% loss of former wetland habitat around Clear Lake critical for juvenile rearing a 92% loss of historical stream spawning and rearing habitat Clear Lake Tribes have been leading efforts to restore the hitch and protect their spawning streams and were the first to begin scientific research on habitat conditions and threats to the fish The California Department of Fish and Wildlife and U.S Geological Survey now conduct regular hitch surveys Several fish passage projects have been completed in spawning tributaries and invasive carp are being removed The Tribes pushed the State Water Resources Control Board to review excessive creek water pumping and groundwater resources in the basin Tribal and state biologists have been rescuing spawning and juvenile hitch stranded in drying streams In 2012 the Center petitioned to protect the Clear Lake hitch under both the federal and state endangered species acts In 2014 the hitch was designated as a threatened species under the California Endangered Species Act The Center for Biological Diversity is a national nonprofit conservation organization with more than 1.7 million members and online activists dedicated to the protection of endangered species and wild places More Press Releases The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection with one or more liquidity transactions The new Black Duck brand is inspired by its flagship software supply chain solution which has helped thousands of organizations around the world adopt open-source technology safely and securely for nearly 20 years Black Duck provides all the application security solutions previously available from the Synopsys Software Integrity Group Black Duck's mission is to help organizations build trust in their software so they can innovate and transform their businesses with new who joined Synopsys in 2020 as the general manager of the Software Integrity Group will continue to lead Black Duck as its Chief Executive Officer Black Duck also announced that it has appointed Joy Meier as Chief Human Resources Officer and General Counsel The remainder of the existing Software Integrity Group's leadership team will continue in their roles at Black Duck "We are excited to continue our partnership with Jason and the entire Black Duck management team as the company begins the next step of its journey as a standalone business," said Brian Decker and Evan Daar we are excited to help extend the company's leadership in the industry as a comprehensive next-generation application security testing provider This next stage of growth will better serve its customers while protecting their mission-critical software applications and we are looking forward to bringing additional resources and expertise to keep accelerating its growth." "Black Duck provides critical technology that supports and enables enterprise-scale software development teams to protect their applications against rapidly evolving cybersecurity threats," said Prashant Mehrotra "We are committed to supporting Black Duck as it continues to innovate and address the increasing demands for cutting-edge application security solutions with the help of our O.P.S.® value creation framework." Black Duck provides a comprehensive portfolio of application security products and services As a newly independent company with a singular vision and focus Black Duck is better positioned to deliver the leading solutions the market has come to expect "We're excited to complete our transition from Synopsys to Black Duck with the support of Clearlake and Francisco Partners," said Jason Schmitt "I am proud of what we have accomplished to get here and I am optimistic about our future as an independent company With a comprehensive portfolio of application security solutions underpinned by differentiated technology and a talented team of experts we enter the next phase of our journey with momentum and a renewed focus to help our customers build trust in their software." Black Duck's portfolio, which has been named a Leader in the Gartner® Magic Quadrant™ for Application Security Testing1 for seven consecutive years and Barclays acted as financial advisors to Clearlake and Francisco Partners Sidley Austin acted as lead legal advisor to Clearlake and Francisco Partners Simpson Thacher & Bartlett also advised Francisco Partners Morgan served as financial advisor and Cleary Gottlieb Steen & Hamilton served as legal advisor to Synopsys "Magic Quadrant for Application Security Testing" by Mark Horvath Clearlake: Jennifer HursonLambert[email protected]  Francisco Partners:Whit Clay / Jake CohenSloane & Company[email protected] / [email protected]  Black Duck: Liz SametBlack Duck Software, Inc.336.414.6753[email protected] an innovator in cloud-based electronic health records technology as well as a pioneer of South Florida’s tech ecosystem The financial terms of the deal – at a $5.3 billion valuation – were not disclosed Clearlake will purchase the stake from Warburg Pincus which acquired a majority share of ModMed in 2017 Founded in 2010 by serial entrepreneur Dan Cane alongside Dr  ModMed (formerly known as Modernizing Medicine) develops AI-powered medical practice technology to support the unique needs of providers and their staff in multiple specialties The Boca Raton-based company offers a suite of solutions we have remained steadfast in our dedication to innovation and improving providers’ lives and we look forward to our next chapter of growth with Clearlake and continuing to leverage technology to transform the patient-provider experience,” said  Co-CEO Cane The decision to go with Clearlake was driven by their ‘impressive” track record of investing behind software and healthcare technology platforms, as well as their commitment to ModMed’s core mission, said  Joe Harpaz, who was appointed co-CEO in 2024 “As we look at the investments we are making in our existing products we are confident that this partnership will strengthen our ability to deliver impactful solutions and maintain our position as a trusted technology partner for our customers,” Harpaz said Reuters reported several months ago that Warburg Pincus was exploring such a sale managing director said in a statement: “The ModMed team has built a special company with a differentiated and comprehensive suite of mission-critical Its deep commitment to developing innovative technology has solidified the Company’s position as a leading provider of ambulatory healthcare software resulting in resilient demand and sustainable outsized growth across medical specialties  We believe long-term trends in healthcare favor software providers focused on innovation and efficiency and we are excited about ModMed’s advancements in AI-enabled technology that simplifies documentation and streamlines workflows.” has over $90 billion of assets under management and has deployed over $57 billion in liquid and illiquid credit investments globally are assessing whether to buy each other out Private equity firm Clearlake and US businessman Boehly (pictured above left) led the group that acquired the English soccer giants for UK£2.5 billion (US$3.3 billion) in May 2022 California-headquartered Clearlake holds a 61.5 per cent stake in Chelsea with the remaining amount held equally by Boehly Guggenheim Partners chief executive Mark Walter and Swiss billionaire Hansjörg Wyss While both Clearlake and Boehly remain committed to Chelsea, the pair are purportedly prepared to take full control of the club. According to BBC Sport Clearlake does not want to sell any of its stake and is open to expanding it while Boehly also wants to buy out that stake and is keen to see the situation resolved quickly Boehly is said to be confident he can raise more than UK£2.5 billion to make an offer to Clearlake that would also give the company a profit on its initial investment The two parties purportedly have matching rights and blocking options should third parties come to the table With Boehly unwilling to sell his stake on its own to Clearlake, the firm would also have to buy out Wyss and Walter at a total cost of more than US£1.5 billion (US$2 billion) to enable both to make a profit, according to The Telegraph who has gradually lost power since being named co-controlling owner of Chelsea when the club was acquired is due to step down as chairman in 2027 as part of a written agreement that means the person who holds that role will change every five years Despite heavy spending and grand plans under their new ownership group Chelsea have flattered to deceive in the last two seasons The seemingly scattergun nature of the Premier League outfit’s strategy was on full display ahead of the new season when 42 senior players were on the club’s books at one point although that number was cut before the transfer deadline The reported boardroom friction only adds to the instability at Chelsea at a time when the club is having to balance the books in order to comply with profit and sustainability (PSR) rules Boehly has previously told Bloomberg that the Blues’ owners were “laying a long-term foundation establishing a great leadership team and responding to the environment” An ongoing rift will make that an uphill task and could put the club further behind its rivals Get your daily briefing of all the essential news across the sports industry with the SportsPro Daily Newsletter. Subscribe here Already a member? Log in here In an exclusive interview with Bloomberg TV while speaking at a conference in Hong Kong, Todd Boehly has once again played down rumors of a rift between the two main halves of the Chelsea ownership group though he admitted that as much as they all may be aligned the stadium issue could prove divisive eventually Echoing what he said last month at some other conference (“we have agreed on a strategy and a way forward and stuff is getting done”) Boehly has put much of the blame for the supposed ownership drama on the media adding that the current situation is stable and that that they are happy to maintain the status quo “What the media writes about and talks about is exciting but I just don’t think it’s realistic [We] have been aligned on what we’re trying to do and we’re trying to build [...] If you look at what’s actually happening And I think we’re executing on a plan that ultimately will have Chelsea where it belongs.” the status quo is something that’s just fine I think we’ve learned from each other and I think we’re really going to be able to work it out any which way [...] What’s been written and what’s been talked about is much more drama than what is actually happening.” There is one big issue however facing the ownership group that could cause a problem As much as the new ownership group have reshaped the team top to bottom and shuffled and then reshuffled the cards behinds the scenes — for better or worse — we seem to be no closer to even starting to address the stadium “boondoggle” than three years ago And that could in fact cause an irreparable rift among the powers that be though don’t expect it anytime soon if Boehly’s 20-year timeframe is anything to go by.. “We have to think about long-term what we’re trying to accomplish We have a big stadium development opportunity that we have to flesh out And I think that’s going to be where we’re either aligned .. or we ultimately decide go our different ways.” “Sustained [stadium] development is going on around the world right now [and] sporting infrastructure is going to be a big thing It’s not as if we’re building something in the middle of a rural environment I think we’re going to be building something new and we’ll figure it out.” -Todd Boehly; source: Bloomberg MV Credit will Significantly Enhance Clearlake's Capabilities in Direct Lending and Private Credit to Sponsors and Other Clients MV Credit Acquisition will Bring Clearlake's AUM to Over $90 Billion and Clearlake Credit AUM  to Over $28 Billion today announced that it has agreed to acquire MV Credit from Natixis Investment Managers ("Natixis IM") The acquisition is expected to close in the fourth quarter of 2024 Founded in 2000 and headquartered in London MV Credit is an independently managed European private credit specialist With $5.1 billion in assets under management (AUM) MV Credit provides tailored fund solutions to investors across senior direct lending and collateralized loan obligation (CLO) strategies MV Credit has deployed more than $11 billion since its inception leading over 500 bespoke transactions of up to $500 million with sponsors such as EQT MV Credit is differentiated by its experienced senior management team whose members each have more than two decades of investment experience across multiple credit cycles Clearlake's credit business will have over $28 billion AUM as well as firmwide AUM of over $90 billion Clearlake's team will consist of more than 230  professionals with offices in Santa Monica "Credit has been in Clearlake's DNA since our inception and is core to our firm strategy MV Credit's exceptional track record and deep expertise in private credit align perfectly with our existing credit business and strengthen our continuing presence in Europe," said José E "Clearlake has deployed over $40 billion in debt and preferred equity investments since 2006 and with MV Credit's expertise we will broaden our global direct lending capabilities to better serve sponsors and other clients while expanding product offerings for our investors." Clearlake's credit business will attain significant scale with credit AUM growing from ~$6 billion in 2020 to over $28 billion today," said Behdad Eghbali "We have been very deliberate in how we've built our credit business provides us with new opportunities for strategic growth." "Clearlake and MV Credit share a similar credit investment philosophy and culture and we believe the combination will be a winning proposition for the market," said Frédéric Nadal "The demand for private credit keeps growing and the partnership with Clearlake allows us to further address client needs around the world We look forward to being part of the Clearlake family." Kirkland & Ellis LLP and Milbank LLP are serving as legal advisors to Clearlake while Fenchurch Advisory is acting as financial advisor and Dentons is acting as legal advisor to Natixis IM on the transaction DLA Piper LLP is serving as legal advisor to the MV Credit Partners Natixis Investment Managers' multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers Ranked among the world's largest asset managers1 with more than $1.3 trillion assets under management2 (€1.2 trillion) Natixis Investment Managers delivers a diverse range of solutions across asset classes and governance (ESG) strategies and products dedicated to advancing sustainable finance The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE the second-largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks 1 Survey respondents ranked by Investment & Pensions Europe/Top 500 Asset Managers 2024 ranked Natixis Investment Managers as the 19th largest asset manager in the world based on assets under management as of December 31 2 Assets under management ("AUM") of current affiliated entities measured as of June 30 assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers For Clearlake:Jennifer HursonLambert+1-845-507-0571[email protected] For MV Credit:Anne-Marie Kesselman Head of Communications & Marketing+447787267091[email protected] For Natixis Investment Managers:Ambrose FullaloveFTI Consulting+44 7970 982748[email protected] Acquisitions, Mergers and Takeovers both sides readied their weapons of mutually assured destruction buyouts And then that story died out, and nothing happened. Boehly did seem to recede a bit more into the background than he had already done so (by choice) before — though he remains the Chairman — and Eghbali & Co but nothing more dramatic than that occured In what may be the first time anyone intimately involved in this power struggle has actually addressed that story in public says that it was all blown a bit out of proportion by the media .. though he seems to also admit that there was some friction there that needed to be addressed and resolved .. and that this may not be the last time we have to address this issue “The one thing I’ve learned about the British press is they exaggerate a lot and leave stuff out We have agreed on a strategy and a way forward and stuff is getting done And I don’t look in the rear-view mirror.” “[Will the ownership be the same this time next year?] I can’t predict the future...” It’s unclear if that “agreed on strategy” involves both the administrative and the footballing sides of the operation Boehly remains committed to the long-term plan and the (slow) progress we’re making all the owners and directors are showing a unified front [You] are not going to keep all the people happy all the time [but] you can’t turn left and turn right every three minutes [...] We are just trying to execute a plan and recognise things aren’t linear and we are trending in the right direction The trend is moving in the right direction and that’s the thing that really matters It’s a whirlwind of activity and steep learning curve “[...] The most misunderstood thing is we are thinking about measuring success in years You have to think both short and long term We are focused on the combination on both those things and seeking the best way to execute You don’t go into the grocery store and say It is an amazing skillset and you have to have the right mentality.” -Todd Boehly; source: GiveMeSport Maybe it just depends on the grocery store. Have we tried going to Waitrose one of a string of such transactions put together by the firm is part of a wave of GP-led secondaries keeping the market busy co- chief executive officer of Blue Owl Capital The firm has begun to discuss the so-called strip sale involving the $9 billion vehicle Dyal Capital Partners IV LP with potentially interested parties all of whom asked not to be identified discussing confidential information Custom Content by the Los Angeles Business Journal Darien Lee joined Clearlake amid the COVID pandemic and spent her first year integrating into the team while working entirely remote She has taken on a leadership role at Clearlake where she helps lead efforts for both the new associate training program and the associate recruiting program Lee is actively involved in the firm’s investing efforts in the industrials sector and has become a trusted resource to several of Clearlake’s portfolio company executive teams She has also helped close over 20 transactions during her time at the firm including new platform investments and add-on acquisitions She has also organized Clearlake events focused on enhancing female associate development while serving as a mentor for young women at the firm Return to Index. 2024 (GLOBE NEWSWIRE) -- Aptean (or the “Company”) a global provider of industry-specific enterprise resource planning (“ERP”) and supply chain software announced today that it has received an investment from Clearlake Capital Group Clearlake will join existing investors TA Associates (“TA”) and Charlesbank Capital Partners (“Charlesbank”) as shareholders “Aptean is thrilled to welcome Clearlake as an investor as we continue addressing the needs of our customers with our cloud ERP and supply chain software,” said TVN Reddy “Clearlake’s investment underscores their confidence in our strategy and commitment to expansion will enable us to continue delivering differentiated solutions to the market and accelerate our growth.” Aptean has focused on providing industry-specific software to the process manufacturing serving over 10,000 customers globally across more than 80 countries Aptean has advanced its cloud-based solutions and penetrated its presence in Europe and other global regions “We are excited to partner with Aptean’s management team and join TA We see an opportunity to build upon Aptean’s market position as a provider of manufacturing ERP and supply chain solutions We look forward to leveraging our O.P.S.® operational improvement approach to further support TVN and his team as they execute on product advancements “We are proud to be long-term supporters of Aptean having first invested in the Company in 2019 and then recommitting in 2023 to deepen our partnership We remain excited about the Company’s growth trajectory and opportunity for strategic acquisitions We welcome Clearlake as a shareholder and look forward to working collaboratively with the goal of enhancing Aptean’s market position and realizing accelerated growth.” All other company and product names may be trademarks of the respective companies with which they are associated For Aptean:Miguel GernaeyChief Marketing Officermiguel.gernaey@aptean.com For Clearlake: Jennifer HursonLambertjhurson@lambert.com For TA:Maggie Benoit and Casey Piccionecommunicationsteam@ta.com For Insight Partners:Insight Partners Public Relationsinsightpr@insightpartners.com For Charlesbank Capital Partners:Ryan FitzGibbon, Dan Ivers, and Peter GavarisProsek Partnerspro-charlesbank@prosek.com Reporting by Aby Jose Koilparambil in Bengaluru and Iain Withers in London; Editing by Mrigank Dhaniwala and David Evans