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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Clearlake Closes $785M Fund

The private equity firm closes its third fund above its original $750 hard cap

Private equity firm Clearlake Capital Group LP has closed its third fund, Clearlake Capital Partners III LP, with more than $785 million in equity commitment.

Clearlake originally had a $600 million target and $750 million hard cap for the fund, which it exceeded.

Now the firm has about $1.4 billion in capital under management. Clearlake invests in special situations, focusing on companies undergoing financial, operational or structural change. The new fund’s investors include public and private pension funds, insurance companies, endowments, foundations, financial institutions, fund-of-funds and family offices.

Clearlake has 16 portfolio companies, including a recent investment in Swiss Watch International, as well as closing a deal to buy Mformation Technologies Inc., a provider of mobile-device management software, for an undisclosed amount. 

Park Hill Group and Aqueduct Capital Group advised Clearlake on the formation and placement of the fund, while Paul Weiss Rifkind Wharton & Garrison LLP served as legal counsel.

 

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