(function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. . If you're buying a division two or team teetering you are getting paid for it. There have been solutions for that in terms of ownership level. Behdad Eghbali serves as a member of the Board of Directors for Diligent. offers FT membership to read for free. The private equity firm is based in Santa Monica, California. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 One thing to be mindful of there is really Champions League or continental competition. For cost savings, you can change your plan at any time online in the Settings & Account section. Jones is a singer, investor and philanthropist. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational improvement approach,O.P.S.The firms core target sectors are industrials and energy; software and technology-enabled services; and consumer. To access all the content for free, please sign up by entering your email. You're content, your asset is that play and I think the opportunity to make it a platform is there. Twitter. We want to make sure you get the most out of our platform. There are teams in small cities in Europe that sell 40-50,000 seats. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. We also use third-party cookies that help us analyze and understand how you use this website. For us, it was about looking at the macro. Behdad Eghbali General Information. I think if you apply some of that IP into developing talent but keeping your talent. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); But opting out of some of these cookies may affect your browsing experience. All rights reserved. FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. Jos E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners of Clearlake, commented, "We are thrilled to recognize the dedication of our team members who have not only contributed to the success of our portfolio companies but also made key contributions to the firm's culture and values. Venture capitalists usually have an exit strategy, how does that mesh with ownership? By taking advantage of the full possibilities of automated AI-based recommendations, retailers can stop fearing anonymous shoppers. [3] It is a technique where Clearbridge will find another private equity firm to buy a large portion of one of its existing investments and then offer investors a chance to sell at a new valuation or roll their stake into a new fund that will hold the investment for a few more years. The American billionaire and his co-controlling owner Behdad Eghbali are determined for the club to have one of the greatest stadiums on the planet by 2030. The private equity firm is based in Santa Monica, California. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. When Todd Boehly and Clearlake Capital completed their . Prior to Clearlake, Eghbali worked in private equity for TPG Capital for several years. Background. You also have the option to opt-out of these cookies. They are to some degree public-private partnerships but like anything you've got to put a good product on the field. [9][10] The purpose of the sale was to fund the creation of a credit unit. You've got to win. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Facebook. Something went wrong, please try again later. or Donald Trumps real net worth? Behdad Eghbali spoke at SporticoLives Invest in Sports Summit, on a panel covering Expanding International Portfolios alongside Gerry Cardinale of RedBird Capital and Ian Charles of Arctos Sports Partners, Don't miss a beat from the dawn of the Potter era - sign up for the free Chelsea newsletter. The billionaire private equity founders behind the recent . Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. In England, largely people have done well, and made money. About; . While rediscovering the joy of riding mountain bikes. in sport meant there was some hope the 48-year-old knew how to run a club and his instalment as co-chairman with Behdad Eghbali showed a . Again, I think we're all teetering at the surface of where we're going to go. Princeton University is set expand its student body by 10% after a historic $20 million gift by alumni Kwanza Jones and private equity billionaire Jose Feliciano. As co-founder and managing partner of Clearlake Capital Group, Behdad Eghbali was instrumental in the growth and success of Clearlake since its founding in 2006. including some of the largest and most innovative deals of the year," said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. Join Lisa Edwards, Diligent President and COO, and Fortune Media CEO Alan Murray to discuss how corporations' role in the world has shifted - and how leaders can balance the risks and opportunities of this new paradigm. The strategy was to shift between buyouts and distressed securities depending on economic conditions. The financier has just paid $21million for this 7 bedroom, 11 bathroom, 10,000sq ft estate that celebrity property site Dirt, call 'baller'. More information is available at www.clearlake.com and on Twitter @Clearlake. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. American private equity firm based in Santa Monica, "Clearlake Capital hits fundraising trail minus a founder | Buyouts", "Clearlake, the US buyout group behind the Chelsea bid", "Clearlake Capital Wraps Up Latest Fund With $14.1 Billion", "Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout Fund", "Wall Street Brings Its Financial Engineering to English Football", "Consortium led by Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club", "The Fall and Rise of a Plus-Size Empire", "Clearlake Capital sells 20% stake to 3 alternatives fund managers", "Clearlake Attracts Minority Investment From Dyal, Goldman, Landmark", "Clearlake Capital purchases majority stake in WhiteStar Asset Management", "Clearlake Capital closes Clearlake Opportunities Partners III with more than $2.5 billion in commitments", "Clearlake Capital closes seventh flagship private equity fund with more than $14.1 billion in commitments", "Clearlake Re-Acquires Precisely In $3.5 Billion Deal", "Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal: source", "Clearlake Capital to take Cornerstone OnDemand private for $3.8 billion", "In $5.2B deal, Cornerstone OnDemand goes private | TechTarget", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Clearlake_Capital&oldid=1142736127, Financial services companies of the United States, Financial services companies established in 2006, Companies based in Santa Monica, California, Private equity firms of the United States, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 March 2023, at 02:37. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. All Rights Reserved. We are also pleased to recognize the tremendous talent at all levels of the firm. [8] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. They're not optimised, some of the US ownership, Fenway Group with Liverpool or Abu Dhabi model with Man City have done it well but for the most part, these things haven't been optimised. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. Simply log into Settings & Account and select "Cancel" on the right-hand side. . It is mandatory to procure user consent prior to running these cookies on your website. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . Read more: Chelsea make four major goalkeeping decisions as Todd Boehly receives fresh transfer plan. Luc Longley didn't have a special during COVID, it's just the way it is. and other data for a number of reasons, such as keeping FT Sites reliable and secure, By continuing to browse, you hereby agree to the use of cookies. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). 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. I think three different reasons for it. In this article, I will outline some strategies for companies providing DIY products to take advantage of the boom in e-commerce by building an effective online presence. Chelsea ang t chc mt vng m phn mi v d n sn vn ng tr gi 1,5 t bng ca h khi ch s hu Todd Boehly ca Clearlake Capital tin gn hn n mt quyt nh s nh hnh tng lai ca cu lc b. -Behdad Eghbali; source: SporticoLive via Football.London The only thing we have to keep in mind is that none of this will happen overnight. Something went wrong, please try again later. "We are excited to be partnering with Sharon to create a leading web presence platform that will benefit from significant economies of scale to drive growth in an attractive market," said Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner of Clearlake. +1 732-433-5200 Eghbali (45) and Feliciano (48) co-founded Clearlake Capital together in 2006; Feliciano and Jones are married. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity, Resides in Los Angeles, CA Metropolitan Area. These things are generally not well-managed. But cn we keep some assets whether sport or otherwise and enable people to come in and out and the market is evolving to that and I think you're going to see more innovation from a lot of sponsors to do that. You can still enjoy your subscription until the end of your current billing period. More information about TA can be found at www.ta.com. You also have the option to opt-out of these cookies. Our vision as owners is clear: we want to make the fans proud," a statement read. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. where in May 2022, it acquired 60% of the clubs outstanding shares. Clearlake also announced the following additions to the team: Tony La Rosa, Managing Director,O.P.S. With more than 25 years of experience, Mr. La Rosa has worked extensively with private equity owned companies in senior IT roles, including CTO positions at two Clearlake-owned businesses. Behdad Eghbali. All Rights Reserved. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. 2023 Forbes Media LLC. Clearlake Capital's 4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Minimum salary caps are what you've got to spend if you're a small market team. A new partnership announced Monday between Mercedes-Benz and Cisco offers the option of taking meetings while on the go or temporarily parked, as a further nod to the popularity of a hybrid work style. When a CX team feels valued and understood, their mood will not only improve, but the quality of their work with customers will as well. Eghbali was born in Iran and moved to the U.S. with his family when he was a child. Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. [1][3][4][5], The firm is the owner of Chelsea F.C. We've done about 9 billion of it in the past 18 months. [8], In 2015, Clearlake took a controlling stake in Syncsort. More info For more information, contact Santiago Arana and . Clearlake is led by Jos E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. kristin@blicksilverpr.com, Jennifer Hurson Private Equity Round - Dodge Data & Analytics, Private Equity Round - EagleView Technologies, United States Private Equity Stage Companies With More Than 10 Employees, Investors Active in San Francisco Bay Area (Top 10K), California Investors with Funds Raised in 2022, Western US Business Development Companies, Financial Services Private Equity Stage Companies With More Than $1M in Revenue, Venture Capital Companies With More Than 50 Employees, Business Development Companies With Less Than $500M in Revenue (Top 10K), Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 Clearlake Capital says it has more than $70 billion in assets under management; it is known for scoring some of the private equity industry's best returns. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects.