(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. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. FC Barcelona president Joan Laporta and Real Madrid counterpart Florentino Perez took advantage of their teams' Copa del Rey semi-final first leg meeting on Thursday to meet and discuss a strategy for the launch the European Super League (ESL), according to reports. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. University of California, Berkeley - Walter A. Haas School of Business, Intelligent Assistance and Bots Ecosystem. They are looking to invest in the Broncos personally. What are you focused on with a European investment? [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. I think three different reasons for it. "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. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. There are teams in small cities in Europe that sell 40-50,000 seats. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity. 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. Behdad Eghbali General Information. The private equity firm is based in Santa Monica, California. 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. Three, for an AC Milan or Chelsea it's the perfect pathway of developing talent whereby you don't have to spend crazy money on payroll. Sports have multiple folks, institutions, and individuals who are interested. [9][10] The purpose of the sale was to fund the creation of a credit unit. There have been solutions for that in terms of ownership level. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. www.vbprofiles.com is now www.topionetworks.com. These are permanent vehicles where LPs (Limited Partner) can choose to sell or stay in. Eghbali was born in Iran and moved to the U.S. with his family when he was a child. More information is available atwww.clearlakedev.wpengine.com. 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. 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. 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. 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. I think it's also an asset not to share your revenues if your New York City with Memphis. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. Baseball all-star game, talent competition, draft generates 2/300 million of revenue on a Monday, or Tuesday. Behdad Eghbali could resurrect major 5.7bn NFL plans after Chelsea purchase Clearlake Capital co-founder Behdad Eghbali has been linked with a move for the NFL team Washington Commanders despite already having a keen interest in Chelsea Chelsea By Richard Cusack Football writer. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Necessary cookies are absolutely essential for the website to function properly. We also use third-party cookies that help us analyze and understand how you use this website. Premium access for businesses and educational institutions. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. 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. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. One, if done well you can make money on each specific enterprise. Thank you for your continued support. He is involved in some of Clearlakes recent investments such as Janus. Blicksilver PR Multiple reports indicate these two games could be make or break for Potter, and the 47-year-old gave a brief update on his recent chat with Todd Boehly and Behdad Eghbali. By staying on top of these key areas, you can ensure that your fashion brand gains and maintains a competitive advantage in the market. "We are honoured to become the new custodians of Chelsea Football Club. Behdad Eghbali serves as a member of the Board of Directors for Diligent. [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. Reflects change since 5 pm ET of prior trading day. There's certainly a market we think for long-duration ownership for specific assets where we give LPs a choice to sell or stay in. 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 . Clearly, our approach was, it so happened because of a global conflict Chelsea was available and we thought we'd start with that. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Under Clearlake Capital Group ownership, FloWorks transformed into a global Liked by Behdad Eghbali Join now to see all activity Recommendations received Kevin Armitage "Behdad is one of the. 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. As always you can unsubscribe at any time. The league-wide thoughtful management that exists in most US leagues doesn't there, it's more of a collective confederacy of teams that maybe work together but not always. We looked at it and we think European sports is probably 20 years behind US sports in terms of sophistication on the commercial side, and sophistication on the data side. 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'. Chelsea news: Todd Boehly and the Clearlake Capital consortium completed their 4.25bn takeover in May last year and have spent over 600m across two transfer windows, Don't miss a beat from the dawn of the Potter era - sign up for the free Chelsea newsletter. There are teams in the Premier League that spend 10% of what the top five or six teams spend on payroll. 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. "We thank everyone for their ongoing support, and congratulate our team members . Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). 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. We look forward to providing you with even more cutting-edge market research, as Topio Networks. $2.5 billion, according to our most recent tally. This category only includes cookies that ensures basic functionalities and security features of the website. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Or by navigating to the user icon in the top right. and other data for a number of reasons, such as keeping FT Sites reliable and secure, . "This acquisition is a continuation of Precisely's long history generating . Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. 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. That's a barrier that has been crossed a little bit by folks but not fully crossed yet and I think creating the right governance will enable that. You've got to win. Or by navigating to the user icon in the top right. Eghbali (45) and Feliciano (48) co-founded Clearlake Capital together in 2006; Feliciano and Jones are married. [3] Many investors chose to roll their holdings instead. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea's remarkable history of success.". Especially if you can improve it. [1][3][4][5], The firm is the owner of Chelsea F.C. More information is available at www.clearlake.com and on Twitter @Clearlake. var __dcid = __dcid || []; For a full comparison of Standard and Premium Digital, click here. Eghbali, meanwhile, cofounded Clearlake Capital in 2006, which became known for its high returns and now oversees some $24 billion in assets. Hints and clues to help you with today's Wordle. 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. Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 We also use third-party cookies that help us analyze and understand how you use this website. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 We want to make sure you get the most out of our platform. 2023 Forbes Media LLC. 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. This website uses cookies to improve your experience while you navigate through the website. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. More information about TA can be found at www.ta.com. 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. 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. 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. Photo Illustration by Cora Veltman, Paul Spinelli via AP. Speaking in a joint statement, Behdad Eghbali and Jos E. Feliciano, the managing partners of Clearlake, outlined their vision for Chelsea. Today Clearlake is one of. 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. +1 732-433-5200 Behdad Eghbali and Jos Feliciano are cofounders of Clearlake Capital, which was the primary financial backer of the group that just purchased Chelsea. These cookies do not store any personal information. For us, Portugal is an interesting market. The private equity firm is based in Santa Monica, California. That is one analogy, one place we think there is a lot of runway in terms of European sports which by the way have a global audience, a global opportunity. The $US12.6 billion ($17.8 billion) Clearlake has invested across its first six flagship buyout funds was worth over $US27 billion as of mid-2021, according to a public review released by. 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. The Clearlake co-founder will tuck in behind Mr Boehly but provides an. 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 . [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. You're not signing the 30-year-old free agent, you're signing players, keeping players, you're not subject to arbitration. 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. [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. We're probably in the third inning of that, of teams, all of us and others are looking at different markets, making bets in different markets. "Our vision as owners is clear: We want to make the fans proud. 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. 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. 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. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. In May 2022, Clearlake Capital joined billionaire investor Todd Boehly to buy English soccer team Chelsea FC; the firm is known for buying software, industrial and consumer products companies. 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. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. No collective bargaining like in US sports, passion of European fans an added complication? kristin@blicksilverpr.com, Jennifer Hurson Clearlake currently has over $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments. By staff-author. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. The deal, led by U.S billionaire Todd Boehly and the private equity firm, was completed at the end of May after two months of uncertainty. I think if you apply some of that IP into developing talent but keeping your talent. 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. Something went wrong, please try again later. 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. You have to have a good product to generate sponsors for the content to work. Behdad Eghbali & Jose Feliciano of Clearlake Capital, were VERY Close to purchasing the 40% Of Minority Shares OF THE WFT from Fred Smith , Dwight Scharr and Bob Rothman in 2020 for $900. Clearlake Capital Behdad Eghbali will act as Clearlake's main voice in the incoming Chelsea ownership set-up. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Thomas Tuchel has already shown Graham Potter what he must do in Chelsea vs Bournemouth, Chelsea told key area Christopher Vivell will improve following technical director appointment, Todd Boehly's 2023 Chelsea vision is clear after Christopher Vivell joins new-look team, The eight January transfer decisions Chelsea must make as Todd Boehly and Graham Potter plan future, Wesley Fofana breaks silence after Chelsea injury in Brentford friendly amid Reece James message, Chelsea Co-owner Behdad Eghbali and Newcastle United Director Amanda Staveley look on. About; . Hes nowhere near as rich as he boasts, nor as poor as his critics claim. The team has approximately 400 years of collective experience with a focus on complex situations. But opting out of some of these cookies may affect your browsing experience. . Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. Clearlake has the ability to take advantage of market dislocations, out-of-favor industries, and companies in transition across different phases of the economic cycle while improving operations and creating value. 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. James Pade, Partner and Managing Director, joined Clearlake in 2013, and he currently serves on the Board of Directors of several Clearlake portfolio companies, including American Construction Source, Diligent, EagleView, FloWorks, Ivanti Software, and Lytx. We think the individual club is stronger. Behdad received his undergraduate degree from the University of California, Berkeley. Clearlake Capital. 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. Shalini Bala Subramaniam, Managing Director Prior to joining Clearlake, Ms. Bala Subramaniam was a Managing Director in the Financial Sponsors Group at Deutsche Bank, and prior to that, she was an Analyst in the Equity Capital Markets & Financial Sponsors Group at Bank of America. Donald Trumps real net worth? He served as Board Member at Vision Solutions, JetSmarter and Lytx. Twitter. Behdad received his undergraduate degree from the University of California, Berkeley. The private equity. 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. jennifer@blicksilverpr.com. [8], In 2015, Clearlake took a controlling stake in Syncsort. It could be Disney, sports is religion, could be, not to pick on the Catholic Church, but the Catholic Church - these are institutions that have a wide generational following that thanks to technology and streaming and digital rights are in the really early days of global audiences of live content. These are global assets, global audiences which we think we can certainly help grow. READ MORE: Every word Graham Potter said on Wesley Fofana, N'Golo Kante, Reece James and Bournemouth clash. 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. At Chelsea or AC Milan levels, these are the premium teams, the premium payrolls in respective leagues. 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. We're attracted to the fact we don't think it's operated in Europe, nearly in the same level of sophistication that US sports teams are. Behdad Eghbali Forbes 400 Rank: #340 Net Worth: $3 . 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. for $3 billion. Bachelor of Business Administration, University of California, Berkeley. or You may change or cancel your subscription or trial at any time online. I think there's a global pool of talent, for the multi club, comes into play you have clubs that can be development pathways for players where you're managing your content, labour costs much more effectively. 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. You're content, your asset is that play and I think the opportunity to make it a platform is there. offers FT membership to read for free. Martin Arzac, Managing Director Prior to joining Clearlake, Mr. Arzac was a Managing Director at Deutsche Bank, and prior to that, he was a Director at UBS Investment Bank and an Analyst at DLJ. 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. 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. Clearlake has 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. 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. Behdad Eghbali Co-Founder and Managing Partner, Clearlake Capital THE LATEST: In 2018, Eghbali and Clearlake closed the firm's fifth flagship fund with $3.6 billion in commitments.

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