behdad eghbali clearlake

[10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. This website uses cookies to improve your experience while you navigate through the website. 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. 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. 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. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. Clearlake believes these situations provide attractive investment opportunities as they are often overlooked relative to large, widely followed restructurings and corporate buyouts. 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. The ESPN special worked because Michael Jordan won. 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. 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. For us, Portugal is an interesting market. 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. 1452. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Venture capitalists usually have an exit strategy, how does that mesh with ownership? Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. Eghbali was born in Iran and moved to the U.S. with his family when he was a child. Facebook. On the second question, at Clearlake, we've done five continuation vehicles, that we call icon vehicles. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity. 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 . He has six scouts, no data and using some of the data points we know of the good sports teams of any league here there are 20-30 data analysts and wie use of data. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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.". We think the individual club is stronger. 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. Here none of that exists. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. 2023 Forbes Media LLC. kristin@blicksilverpr.com, Jennifer Hurson This means that we may include adverts from us and third parties based on our knowledge of you. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. 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. "But I'm not going to hide behind that. 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. Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Feliciano. What Gerry has done, Ian you guys have done, you've bought well you're going to make money on a specific investment. Behdad Eghbali. We've done about 9 billion of it in the past 18 months. Simply log into Settings & Account and select "Cancel" on the right-hand side. Premium access for businesses and educational institutions. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. ", Chelsea press conference LIVE: Graham Potter on his future, Leeds, Kante, Pulisic, more, Two Chelsea undroppables given new roles as Graham Potter makes tactical decision to beat Leeds, Jose Mourinho to Chelsea latest: Dream return, Todd Boehly contact and Roma drama, Zinedine Zidane to Chelsea latest: Luis Enrique battle, France job decision, Boehly desire, Chelsea owners Clearlake Capital make announcement about takeover, Chelsea owner Todd Boehly completed a 4.25bn takeover in May, (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)). 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. As always you can unsubscribe at any time. 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For us, it was about looking at the macro. 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. 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. From Zoom founder Eric Yuan to biotech pioneer Alice Schwartz, meet the newest members of Forbes annual list of the 400 richest Americans. We look forward to providing you with even more cutting-edge market research, as Topio Networks. The private equity firm is based in Santa Monica, California. [2][3][4][5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. 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. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. [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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Clearlake Capital Behdad Eghbali will act as Clearlake's main voice in the incoming Chelsea ownership set-up. Minimum salary caps are what you've got to spend if you're a small market team. 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. 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. We are also pleased to recognize the tremendous talent at all levels of the firm. April 3, 2019 Behdad Eghbali serves as a member of the Board of Directors for Diligent. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. There are teams in the Premier League that spend 10% of what the top five or six teams spend on payroll. There have been solutions for that in terms of ownership level. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. [3][5][6][7], Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. 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. Kristin Celauro You can capture, acquire, retain, sign talent and monetise talent. The firm specializes in three sectors that don't always go together in the world of private . "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. 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. Necessary cookies are absolutely essential for the website to function properly. This means that we may include adverts from us and third parties based on our knowledge of you. 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. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects. Behdad Eghbali serves as a member of the Board of Directors for Diligent. 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. I think the sport needs more high-quality premium matches and content. 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. . If you're buying a division two or team teetering you are getting paid for it. "This acquisition is a continuation of Precisely's long history generating . Mr. Eghbali co-founded Clearlake in 2006. "We are honoured to become the new custodians of Chelsea Football Club. This category only includes cookies that ensures basic functionalities and security features of the website. You may change or cancel your subscription or trial at any time online. Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. We're all in - 100% - every minute of every match. The affinity level of sports, and everyone has an opinion so everyone has an opinion on all of the above. 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. 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. By taking advantage of the full possibilities of automated AI-based recommendations, retailers can stop fearing anonymous shoppers. Donald Trumps real net worth? London, what we have in the portfolio, outside there is a tremendous amount of ways we can monetise the media asset that hasn't been done yet. She is involved in some of Clearlakes recent investments such as American Construction Source, FloWorks, and ProVation. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. You've got to win. It doesn't have to be a super league. personalising content and ads, providing social media features and to I think that's less of an issue. It is said that the consortium fended off competition from 11 serious rivals to acquire the club. In this article, I will outline some strategies for companies providing DIY products to take advantage of the boom in e-commerce by building an effective online presence. 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. Clearly, our approach was, it so happened because of a global conflict Chelsea was available and we thought we'd start with that. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. Ultimately, if you're investing capital into a training facility, an academy, a stadium, if you're improving the team you're going to have a lot of public support and I think there are a lot of untapped niche markets that are avidly supportive of the teams. 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. A gateway to South America, a gateway to European visas, the French market is interesting given the quality of the league, given frankly quality, French speakers in Africa. 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. 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. Scroll to Continue Read More All Rights Reserved. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. The question is how do you run these more effectively, how do you control salary cost. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. 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. 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. Mr. Groen co-heads Clearlakes business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions. 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. Could you see a EPL vs Serie A all-star game, could you see a pre-season match that we do that puts more premium content on the pitch? His net worth is estimated at $2 billion. She co-heads Clearlakes business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions. As the popularity of e-bikes grow, it's important for insurance companies to become educated on these vehicles and the laws surrounding them. September 9, 2022. 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. 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. organisation By continuing to browse, you hereby agree to the use of cookies. 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. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. We could partner and be a minority holder on a team and still get the benefit of some of the know-how but really firewall off the scouting and decision-making. 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. More information is available at www.clearlake.com and on Twitter @Clearlake. We've done it with other assets. offers FT membership to read for free. "Our vision as owners is clear: We want to make the fans proud. As always you can unsubscribe at any time. More information about TA can be found at www.ta.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. 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. 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. Even they've made money on it. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. These cookies will be stored in your browser only with your consent. 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. 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. 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. 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. 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. Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. 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. 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. Reflects change since 5 pm ET of prior trading day. He is involved in some of Clearlakes recent investments such as symplr and Unifrax. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Four E-Design Business Trends To Watch In 2023, The Pivot Cycles E-MTB Lineup Defines This New Mountain Biking Category, Mercedes-Benz To Offer Webex In New E Class Cars, Tears, Laughter And Accolades At The Inaugural Jose Hess Design Awards, How To Establish A Strong E-Commerce Presence For Home Improvement Solutions, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Reflects change since 5 pm ET of prior trading day. While rediscovering the joy of riding mountain bikes. Hints and clues to help you with today's Wordle. Teams that are better run in second-tier markets that you're buying at revenue multiples and revenue multiples matter in so far as you can structurally make money.

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