Clearlake currently has over $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments. Frankly, for an astute US investor, it means an opportunity where you're stepping into a division two or three team, you run it better, you create the player pathways, and you get it promoted. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). About; . and other data for a number of reasons, such as keeping FT Sites reliable and secure, This website uses cookies to improve your experience while you navigate through the website. The private equity. When Todd Boehly and Clearlake Capital completed their . Clearlake is led by Jos E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. Pretty incredible. This means that we may include adverts from us and third parties based on our knowledge of you. 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. $2.5 billion, according to our most recent tally. In England, largely people have done well, and made money. We think there's a lot to do around games, media, and live content stories. 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. I would say, we think winning and a good product on the pitch and commercial success go hand in hand. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 2023 Forbes Media LLC. Clearlake Capital says it has more than $70 billion. Behdad Eghbali serves as a member of the Board of Directors for Diligent. The Clearlake co-founder will tuck in behind Mr Boehly but provides an. By clearlakeAdm20 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. The Dodgers, you mentioned Todd, they have a farm team in Uganda. The ones we've looked at successfully generate on payroll of 20m, Red Bull Group which does it well we think, 15,20, 25 maybe 40 million payrolls for their largest club they generate 50-100 million yearly in profit, in player trading, player sales. Email. 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 firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. 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. 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. I think three different reasons for it. 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. Premium access for businesses and educational institutions. The firm specializes in three sectors that don't always go together in the world of private . personalising content and ads, providing social media features and to The deal, led by U.S billionaire Todd Boehly and the private . 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 . The team has approximately 400 years of collective experience with a focus on complex situations. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. The private equity firm is based in Santa Monica, California. Behdad Eghbali. www.vbprofiles.com is now www.topionetworks.com. . 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. 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. cookies 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. Linkedin. You can capture, acquire, retain, sign talent and monetise talent. Winning on the pitch, you can do it efficiently as opposed to not, but you have to do that to have commercial success. 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. 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. 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. Reflects change since 5 pm ET of prior trading day. -Behdad Eghbali; source: SporticoLive via Football.London The only thing we have to keep in mind is that none of this will happen overnight. It struck a high-profile deal . 2018 Cohesive Capital. Behdad Eghbali serves as a member of the Board of Directors for Diligent. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. We think the multi club is an interesting tool for player trading. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). More information about TA can be found at www.ta.com. 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. By taking advantage of the full possibilities of automated AI-based recommendations, retailers can stop fearing anonymous shoppers. Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 This category only includes cookies that ensures basic functionalities and security features of the website. Senior Vice President and Global Head of Product, Senior Vice President, Data Protection Officer and General Counsel, Board Management for Education and Government, Internal Controls Over Financial Reporting (SOX). 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. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. Background. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Mr. Pade has been involved in several of Clearlakes business services (including IT services and industrial distribution) investments and currently focuses on Clearlakes structured equity and debt investments. By staff-author. Streamline your next board meeting by collating and collaborating on agendas, documents, and minutes securely in one place. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. It is said that the consortium fended off competition from 11 serious rivals to acquire the club. 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. We support credit card, debit card and PayPal payments. When we've seen it not work is when people are buying clubs largely because it's there and for sale. 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. Clearlake Capital's 4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards. But opting out of some of these cookies may affect your browsing experience. Prior to joining Clearlake, Mr. Abraham was an investment professional at Marlin Equity Partners, and prior to that, he was an Investment Banking Analyst at Barclays Investment Bank. Minimum salary caps are what you've got to spend if you're a small market team. California-based Clearlake, run by cofounders and managing partners Jos E. Feliciano and Behdad Eghbali, invests in technology, industrials, and consumer companies. 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. For us, Portugal is an interesting market. (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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Behdad Eghbali serves as a member of the Board of Directors for Diligent. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. We use 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. These are 200,000-person cities. 2023 Forbes Media LLC. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. Blicksilver PR 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. The private equity firm is based in Santa Monica, California. Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. 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. 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. Feliciano, who was born in Puerto Rico, is on the board of trustees of Stanford University and the Smithsonian National Museum of the American Latino. No collective bargaining like in US sports, passion of European fans an added complication? Same platform but with new and improved features. 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. Sports have multiple folks, institutions, and individuals who are interested. You bring in the data overlay and a cohesive global structure. [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. Check if your The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. 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. They are to some degree public-private partnerships but like anything you've got to put a good product on the field. Simply log into Settings & Account and select "Cancel" on the right-hand side. These cookies will be stored in your browser only with your consent. 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. 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. These cookies will be stored in your browser only with your consent. Behdad Eghbali serves as a member of the Board of Directors for Diligent. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Clearlake & TA Associates-Backed Precisely to Acquire Infogix. We think there's a path to controlling labour costs and still producing a winning product using data, using the multi club. Reviewing the Pivot Cycles E-MTB lineup in Park City, Utah, and Phoenix, Arizona. 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 have made strides in how we measure our impact on our climate, but to have a sustainable planet, we also must focus on people as well. 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. 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. What relegation means for Chelsea is frankly a league that has three partners leaving and three entering each year.. Eghbali, meanwhile, cofounded Clearlake Capital in 2006, which became known for its high returns and now oversees some $24 billion in assets. 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. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. You have to have a good product to generate sponsors for the content to work. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. Behdad Eghbali Age : 46 Linked companies : Cornerstone OnDemand, Inc. - Diligent Corp - Constant Contact Inc Summary Behdad Eghbali is a businessperson who founded Clearlake Capital Group LP and who has been at the head of 8 different companies. 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. Not subject to arbitration, certainly subject to free agency but the model of six, seven, and eight-year contracts earlier based on players you've retained who have market value we think can be a sustainable model. We hired a coach from Brighton and we think they're one of the best-run teams in the Premier League. There's thoughts to do that if you want to own the first team in multi that will qualify for Champions League. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. By continuing to browse, you hereby agree to the use of cookies. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. The affinity level of sports, and everyone has an opinion so everyone has an opinion on all of the above. Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 Eghbali co-founded Clearlake Capital in 2006. We think the individual club is stronger. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity. Speaking in a joint statement, Behdad Eghbali and Jos E. Feliciano, the managing partners of Clearlake, outlined their vision for Chelsea. One interesting data point, is cumulative market cap, use the Forbes value of NFL teams probably 150-155 billion, the Premier League, La Liga, France, Italy I think you're probably 30 billion, fanbases of maybe 3-4 billion globally compared to 200 million and that's being generous to the NFL. Biography. for $3 billion. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. Compare Standard and Premium Digital here. 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. With more than 20 years of related experience, Mr. Urrutia is responsible for the management of Clearlakes corporate accounting and operations departments. "But I'm not going to hide behind that. Something went wrong, please try again later. 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. The plan will take time, will take patience, dedication . Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. You've got to win. Princeton University is set expand its student body by 10% after a historic $20 million gift by alumni Kwanza Jones and private equity billionaire Jose Feliciano. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . He is involved in some of Clearlakes recent investments such as symplr and Unifrax. [8], In 2015, Clearlake took a controlling stake in Syncsort. "Our vision as owners is clear: We want to make the fans proud. The growth of Clearlakes differentiated alternative investment platform and our proprietary approach to operational improvement,O.P.S., is supported and enhanced every day by their dedication and hard work.. We thought Chelsea was good beachhead, it was frankly an asset, a business that was not terribly well managed on the football side, sporting side or promotional side, so meaningful opportunity at the club and we'll get to it for us, who needed the beachhead to then look at multi clubs. We are also pleased to recognize the tremendous talent at all levels of the firm. More info For more information, contact Santiago Arana and . This website uses cookies to improve your experience while you navigate through the website. You also have the option to opt-out of these cookies. We also use third-party cookies that help us analyze and understand how you use this website. This means that we may include adverts from us and third parties based on our knowledge of you. [15][16] In 2020 the merged company rebranded to Precisely. 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. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. 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For us, it was about looking at the macro. 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. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. Even they've made money on it. Chelsea owner Todd Boehly completed a 4.25bn takeover in May (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)) Clearlake Capital's 4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards. Behdad received his undergraduate degree from the University of California, Berkeley. We're all in - 100% - every minute of every match. 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.

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