Clearlake Capital Group L.P. has agreed to invest in Siris Capital Group LLC-owned Web.com Group Inc. Siris acquired Web.com in 2018 and will keep a stake in the target.
“Web.com provides market-leading web presence services in an attractive market segment that is seeing strong growth driven by accelerating digital transformation of small-and-medium sized businesses,” says Clearlake partner James Pade. “We look forward to partnering with Siris and leveraging Clearlake’s O.P.S. playbook to accelerate growth.”
Clearlake’s target sectors are technology, industrials and consumer. Private equity firm Siris focuses on investing in mature technology and telecommunications companies.