PDF Clearlake Capital Partners VI, L.P. - Pennsylvania Public School I think places where people have made mistakes on relegation, honestly, in our diligence has been inept management of commercial and the sports side of it. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 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. Newly Minted Billionaire Behdad Eghbali Buys Luxurious New Build in L.A where in May 2022, it acquired 60% of the clubs outstanding shares. analyse how our Sites are used. More information is available atwww.clearlakedev.wpengine.com. Just months after being crowned a billionaire by Forbes magazine, private equity pasha Behdad Eghbali has significantly upsized his residential circumstances with the baller-style, nearly $21 million purchase of a brand-new mansion in one of L.A.'s most exclusive enclaves. Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 Eghbali spent a great deal of time working across Europe with Boehly in the summer transfer market, and held meetings with directors of some of the world's biggest clubs in his role. There are teams in small cities in Europe that sell 40-50,000 seats. I had one super high-level sporting director at the world's biggest, top three club tell me when I asked about their approach to data and said the data is my eyes. +1 732-433-5200 Behdad Eghbali and Jos Feliciano, the newly minted billionaire founders of Clearlake Capital Group in Santa Monica, are collecting new industries at a head-turning speed. I think 90-95% depending on the team, of the top teams in England the fanbases are outside of the UK. With a sector-focused approach, the firm seeks to partner with experienced 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 technology, industrials, and consumer. Eghbali co-founded Clearlake Capital in 2006. The Dodgers, you mentioned Todd, they have a farm team in Uganda. Donald Trumps real net worth? BEHDAD EGHBALI - Los Angeles Business Journal Chelsea ln k hoch xy mi sn Stamford Bridge Behdad Eghbali General Information. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); He is involved in some of Clearlakes recent investments such as Janus. How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3. For more information, visit our Privacy Policy. Clearlake Capital Group Announces Team Promotions And Additions What relegation means for Chelsea is frankly a league that has three partners leaving and three entering each year.. [17][18], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. A league and a sport that is optimised, clearly not everything is created equal but a four billion fanbase on a cumulative market gap of 30 billion maybe and cumulative media revenue of five or six billion against 20 for the NFL on 20 times the fanbase globally. 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 . -Behdad Eghbali; source: SporticoLive via Football.London The only thing we have to keep in mind is that none of this will happen overnight. Scroll to Continue Read More Mr. Eghbali co-founded Clearlake in 2006. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. He is involved in some of Clearlakes recent investments such as symplr and Unifrax. Monetising some of that content into a 30 for 30 or a lot of the stories we like to have as opposed to sharing with the leagues. For cost savings, you can change your plan at any time online in the Settings & Account section. Especially if you can improve it. Behdad Eghbali - Santa Monica, California, United States - LinkedIn The Clearlake team members promoted to Partner and/or Managing Director include: Fred Ebrahemi, Partner, Managing Director, General Counsel, and Chief Compliance Officer, joined Clearlake in 2014 and is responsible for providing legal advice during the execution of private equity transactions and other investments, legal oversight of portfolio companies and firm operations, and firm regulatory and legal compliance. There have been solutions for that in terms of ownership level. In addition, Clearlake believes it is further differentiated by utilizing its sector driven investment approach while investing in transactions in which the firm exercises control or has significant influence. [2][8], In May 2018, Clearlake sold a minority stake of up to 20% of its shares to Dyal Capital, Petershill Partners and Landmark Partners. You're not signing the 30-year-old free agent, you're signing players, keeping players, you're not subject to arbitration. Necessary cookies are absolutely essential for the website to function properly. for $3 billion. The financier has just paid $21million for this 7 bedroom, 11 bathroom, 10,000sq ft estate that celebrity property site Dirt, call 'baller'. As investment banks and hedge funds struggle, private equitya business predicated upon raising capital subject to long-term lock-ups to invest in assets using large amounts of leverageis enjoying go-go times. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Clearlake announced today that the following team members have been promoted to Senior Associate: Vikram Abraham joined Clearlake in 2017. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. Kristin Celauro We think early days and you look at the track record of folks who have invested, there are certainly folks who have lost money, but for every one or two bad investors, the well-run clubs there have been a lot of good success stories and we think we are embarking on one but a lot of work to do to accomplish it. We think the multi club is an interesting tool for player trading. The private equity. They wrote: "Clearlake is proud to announce that our investments in Chelsea was awarded Deal of the Year in EMEA in the PEI 2022 Awards. He is responsible for Clearlake internal IT systems and also assists Clearlake portfolio companies in the implementation ofO.P.S.initiatives in the IT infrastructure and architecture areas, including cybersecurity, DevOps, business applications, and cloud operations. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 2023 Forbes Media LLC. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has partnered in, Total number of current Jobs the person has, Number of news articles that reference the Person, Co-Founder & Managing Partner at Clearlake Capital Group. I think a couple of teams in Spain do and they're vocal about it and everyone else doesn't want to go there. Clearlake Capital Group Announces Senior Promotions and New Additions We use Brad Kottman joined Clearlake in 2017. [3] It discovered this technique during the COVID-19 pandemic when it sold shares of software company Ivanti to TA Associates in August 2020 at a valuation of $2 billion that generated a large windfall gain. "We are honoured to become the new custodians of Chelsea Football Club. This website uses cookies to improve your experience while you navigate through the website. As always you can unsubscribe at any time. Clearlake Capital closes seventh flagship private equity fund with more In May 2022, Clearlake Capital joined billionaire investor Todd Boehly and several others in the $3 billion purchase of English soccer team Chelsea FC. Behdad Eghbali - Co-Founder & Managing Partner at Clearlake Capital By staff-author. For us, it was about looking at the macro. Sports have multiple folks, institutions, and individuals who are interested. As always you can unsubscribe at any time. To succeed in this competitive field, businesses must focus on technology and consider new emerging factors. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. More information about TA can be found at www.ta.com. You look at the NFL, the NBA, NFL, 20 or so billion revenue, 150-200 million fanbase, media rights, all rights, all IP is shared within the league whereas European soccer you have a massive - English Premier League - massive global audience, you share broadcast revenue but big disparity otherwise in terms of your IP, your assets. It is said that the consortium fended off competition from 11 serious rivals to acquire the club. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Since the deal was completed, Chelsea have spent 600million in the past two transfer windows, replaced Thomas Tuchel with Graham Potter and reinstated plans to develop Stamford Bridge. Behdad received his undergraduate degree from the University of California, Berkeley. Clearlake has a flexible mandate to invest in both private and public transactions across the capital structure in debt or equity securities in the lower and middle market through buyouts, corporate divestitures, recapitalizations and reorganizations. Jose Feliciano's private equity firm scored its biggest realized gain ever with the $1.06 billion sale of Sage Automotive. Speaking in a joint statement, Behdad Eghbali and Jos E. Feliciano, the managing partners of Clearlake, outlined their vision for Chelsea. We hired a coach from Brighton and we think they're one of the best-run teams in the Premier League. Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. personalising content and ads, providing social media features and to Eghbali was born in Iran and moved to the U.S. with his family when he was a child. TA has raised $47.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. Despite the pandemic, multibillion-dollar fortunes are still being minted in America. More information is available at www.clearlakedev.wpengine.com. The ones we've looked at successfully generate on payroll of 20m, Red Bull Group which does it well we think, 15,20, 25 maybe 40 million payrolls for their largest club they generate 50-100 million yearly in profit, in player trading, player sales. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine. Who is Todd Boehly and who is in his billionaire Chelsea takeover It is mandatory to procure user consent prior to running these cookies on your website. You can capture, acquire, retain, sign talent and monetise talent. One thing to be mindful of there is really Champions League or continental competition. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Behdad Eghbali, the Iranian-born manager of Clearlake Capital has recently followed in the footsteps of Elon Musk and invested in property in one of Los Angeles' most exclusive neighborhoods. 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 firms culture and values. 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. Behdad Eghbali Age : 46 Linked companies : Cornerstone OnDemand, Inc. - Diligent Corp - Constant Contact Inc Summary Behdad Eghbali is a businessperson who founded Clearlake Capital Group LP and who has been at the head of 8 different companies. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. Behdad Eghbali became a co-owner of Chelsea as a face of Clearlake Capital along with Jose E Feliciano, and has taken a leading role at the club alongside Todd Boehly. 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. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Boehly yet to deliver on two key Chelsea promises as jury still out The private equity firm is based in Santa Monica, California. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. There are certainly businesses you want to own for a long time and private equity has to evolve from the formation 'Hey, I raised a fund, I've got to sell'. Can you pick up on the idea of Disney or a platform or a beachhead and what you're trying to achieve there? 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. Or by navigating to the user icon in the top right. 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. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). Clearlake was founded by Jose Feliciano and Behdad Eghbali in 2006 and manages $8 billion of assets. By clearlakeAdm20 About | Clearlake Capital 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. NFL: Jose Feliciano, Kwanza Jones 'weighing a bid' for Denver Broncos Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). Chelsea are holding a new round of talks over their 1.5 billion stadium project as the Todd Boehly-Clearlake Capital owners inch closer to a decision that will shape the club's future. The strategy was to shift between buyouts and distressed securities depending on economic conditions. You may change or cancel your subscription or trial at any time online. Now, since that sale has gone through, Sportico is reporting that Jos E. Feliciano, Behdad Eghbali the founders of Clearlake are planning on being the leaders of the bid for the Broncos . These things are generally not well-managed. "This acquisition is a continuation of Precisely's long history generating . Khu vc sn Stamford Bridge hin ti. var __dcid = __dcid || []; Streamline your next board meeting by collating and collaborating on agendas, documents, and minutes securely in one place. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. The Richest Private Equity Billionaires On The Forbes 400 List 2021 We congratulate this group on achieving another milestone in their careers and for playing a key role in Clearlakes goal of generating market leading returns for our clients while making a positive contribution to society, continued Messrs. Feliciano and Eghbali. Luc Longley didn't have a special during COVID, it's just the way it is. All rights reserved. Clearlakes history of active leadership as value-added investors is further enhanced by the firms network of executives and operating resources within its core industries. While . Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. The Clearlake co-founder will tuck in behind Mr Boehly but provides an. offers FT membership to read for free. The award, which is focused on consortiums in Europe, the Middle East and Africa, was given this week, confirmed by the Clearlake Capital Group on Twitter. "We thank everyone for their ongoing support, and congratulate our team members . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. I think the sport needs more high-quality premium matches and content. The billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and it's worth a look. Based in Santa Monica, California, Clearlake's team consists of over 80 professionals, including 35 investment professionals.1 Clearlake has been a Registered Investment Adviser with the Baseball all-star game, talent competition, draft generates 2/300 million of revenue on a Monday, or Tuesday. Notwithstanding some of the exceptions like Fenway Group, most of the teams are not operated efficiently and professionally and that presents a pretty good opportunity. [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Spends 10% of the payroll, wins almost as much and is a very stable mid-market, mid-table, very profitable club. 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. Based in Santa Monica, California, Clearlake's team consists of 59 professionals, including 24 investment professionals, all of which are located in Clearlake's sole office. Mr. Tabaee has been involved in several of Clearlakes industrials, technology, and consumer platforms. Clearlake Capital Group is a leading investment firm focused on private equity and special situation transactions. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); We also use third-party cookies that help us analyze and understand how you use this website. About; . [2][3][4][5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. Background. 2018 Cohesive Capital. How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, The Connection Between Employee Experience And Quality Customer Experience, 5 Strategies To Keep Your Fashion E-Commerce Business Competitive In 2023 And Beyond, ESG Includes An E And An S So Lets Act Like It. . 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. The owner is from a sport gaming, data background. Premium access for businesses and educational institutions. One, if done well you can make money on each specific enterprise. Prior to Clearlake, Mr. Kottman was an investment professional at Trilantic Capital Partners, and prior to that, he served as an Investment Banking Analyst at Citi. The Chelsea co-owner was quizzed on his for plans, the impact of venture capital on the relationship with Chelsea, plans to have multiple clubs and more at SporticoLive's "Invest in Sports" Summit. Investor Contact: Reflects change since 5 pm ET of prior trading day. [3][11] WhiteStar Asset Management serves as the credit platform of Clearlake. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. Clearlake, the US buyout group behind the Chelsea bid an important and growing focus for enterprises seeking to ensure trusted data is used properly," said Behdad Eghbali, Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. Check if your She is involved in some of Clearlakes recent investments such as American Construction Source, FloWorks, and ProVation. We also use third-party cookies that help us analyze and understand how you use this website. Linkedin. Prior to co-founding Clearlake, Mr. Eghbali was a private equity investor at TPG. It is mandatory to procure user consent prior to running these cookies on your website. 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. All rights reserved. It was a celebration of both the man who the awards honor, and a group of new jewelry designers who were awarded for their original creations. 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. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. During the negotiations, Clearlake's two billionaire co-founders, Jos E. Feliciano and Behdad Eghbali, grew close to Todd Boehly, the founder of Eldridge Industries, which owns CBAM and. SANTA MONICA, CA April 3, 2019 Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), a leading global private equity and alternative asset investment firm, today made several announcements including naming five Clearlake veterans as Partners and/or Managing Directors, several other promotions within the firm, and new senior level additions to the team. 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. Behdad Eghbali Buys $21 Million Brentwood House - DIRT Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Venture capitalists usually have an exit strategy, how does that mesh with ownership? This means that we may include adverts from us and third parties based on our knowledge of you. Behdad Eghbali has a new place to hang his hat. But is it bad? 2023 Forbes Media LLC. We think there's a market for it and we think there's a market to afford LPs the ability to exit and others to step in and to have a long-duration vehicle to keep these assets. kristin@blicksilverpr.com, Jennifer Hurson Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, Russian far-right fighter claims border stunt exposes Putins weakness, Germany seeks to buy Leopard tanks from Switzerland, Germany and Italy stall EU ban on combustion engines, Ukraine asks EU for 250,000 artillery shells a month, Russia on alert after reconnaissance group crosses over from Ukraine, Panic station at Fox News: how the Murdochs agonised over Trumps loss, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, UK housing market braced for make-or-break spring, UK cabbage king turns to plant-based proteins, Airlines plan to sue Dutch government over Schiphol airport flight cap, There are no domestic equity investors: why companies are fleeing Londons stock market, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, Deluge of inflation data pushes US borrowing costs to 2007 levels, FCA regulator blamed for Arms decision to shun London listing, Clutching Warrens letter, Im still positive on stocks. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The affinity level of sports, and everyone has an opinion so everyone has an opinion on all of the above. Blicksilver PR Clearlake Capital to Acquire Confluence from TA Associates Leaders of Influence: Private Equity, Investors & Advisors 2022 Jones is a singer, investor and philanthropist. These cookies will be stored in your browser only with your consent. For us, Portugal is an interesting market. Using a sector-focused approach, Clearlake seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational transformation approach. 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. Email. We have made strides in how we measure our impact on our climate, but to have a sustainable planet, we also must focus on people as well. 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. What Gerry has done, Ian you guys have done, you've bought well you're going to make money on a specific investment. "But I'm not going to hide behind that. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. To access all the content for free, please sign up by entering your email. Ian, what you've done with Blitz is not start with the large market club and frankly built a nice network of clubs that have cohesion and symmetry.
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