Simpson Thacher represented Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) in connection with a strategic minority investment in Clearlake by affiliates of Dyal Capital Partners, Goldman Sachs Asset Management’s Petershill program and existing partner Landmark Partners. Under the terms of the transaction, the passive, non-voting minority interest will provide permanent capital to Clearlake. Additional terms of the transaction were not disclosed.
Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. 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 Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials and energy, software and technology-enabled services, and consumer. Clearlake has managed over $7 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments.
The Simpson Thacher team included Elizabeth Cooper, Michael Reeves and Anthony Gin (M&A); Tom Wuchenich, Avi Herescu, John Kreager and Catherine Maleki (Funds); Jacqueline Clinton (Tax); and Brian Robbins and Erin Murphy (ECEB).