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. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. 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. It was a celebration of both the man who the awards honor, and a group of new jewelry designers who were awarded for their original creations. analyse how our Sites are used. At Chelsea or AC Milan levels, these are the premium teams, the premium payrolls in respective leagues. "We thank everyone for their ongoing support, and congratulate our team members . This means that we may include adverts from us and third parties based on our knowledge of you. Update says Jos E. Feliciano, Behdad Eghbali now lead a bid to buy 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. Behdad Eghbali Profile: Contact Information & Network | PitchBook You bring in the data overlay and a cohesive global structure. This website uses cookies to improve your experience while you navigate through the website. 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. 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. var __dcid = __dcid || []; Behdad received his undergraduate degree from the University of California, Berkeley. His net worth is estimated at $2 billion. Obvious Blitzen, Ian and others have done other clubs without the beachhead first but for us we wanted to start with Chelsea and I'm sure you'll ask us about multi club and how you piece all of this together, hopefully, there's at least a theory and a business plan to do so. By clearlakeAdm20 These are global assets, global audiences which we think we can certainly help grow. [3][11], In recent years Clearlake has become the biggest user of GP-led secondaries. Behdad Eghbali, Jose Feliciano and . This website uses cookies to improve your experience while you navigate through the website. The private equity firm is based in Santa Monica, California. 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. Private Equity's New Billionaire Machine - Forbes India [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. . 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. To succeed in this competitive field, businesses must focus on technology and consider new emerging factors. [8], In 2015, Clearlake took a controlling stake in Syncsort. These are permanent vehicles where LPs (Limited Partner) can choose to sell or stay in. Pretty incredible. Stamford Bridge special: Chelsea's 1.5bn stadium decision One thing to be mindful of there is really Champions League or continental competition. 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. We've done about 9 billion of it in the past 18 months. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. Newly Minted Billionaire Behdad Eghbali Buys Luxurious New Build in L.A 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? For us, it was about looking at the macro. Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Feliciano. Behdad Eghbali & Jose Feliciano are FRONTRUNNERS To Win the Bid to OWN I think if you apply some of that IP into developing talent but keeping your talent. 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. or [3] Many investors chose to roll their holdings instead. Todd went there on an all-star game. When a CX team feels valued and understood, their mood will not only improve, but the quality of their work with customers will as well. These are 200,000-person cities. 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. Kristin Celauro 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. Pedro Urrutia, Partner, Managing Director, and Chief Financial Officer, joined Clearlake in 2010. 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. We are also pleased to recognize the tremendous talent at all levels of the firm. [9][10] The purpose of the sale was to fund the creation of a credit unit. The team has approximately 400 years of collective experience with a focus on complex situations. About | Clearlake Capital Necessary cookies are absolutely essential for the website to function properly. Reflects change since 5 pm ET of prior trading day. We look forward to providing you with even more cutting-edge market research, as Topio Networks. BEHDAD EGHBALI - Los Angeles Business Journal 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. 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. Dan Groen, Managing Director, joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr. These cookies will be stored in your browser only with your consent. Clearlake Capital says it has more than $70 billion. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. These cookies will be stored in your browser only with your consent. 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 . Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, 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. For a full comparison of Standard and Premium Digital, click here. Clearlake has Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. for $3 billion. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine. Eghbali (45) and Feliciano (48) co-founded Clearlake Capital together in 2006; Feliciano and Jones are married. 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. There's a talent arbitrage opportunity that exists. University of California, Berkeley - Walter A. Haas School of Business, Intelligent Assistance and Bots Ecosystem. One, if done well you can make money on each specific enterprise. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. We're all in - 100% - every minute of every match. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. Clearlake Capital make Chelsea infrastructure promise to ensure on The owner is from a sport gaming, data background. 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. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Behdad Eghbali - Forbes 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. Luc Longley didn't have a special during COVID, it's just the way it is. Same platform but with new and improved features. 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. On this Wikipedia the language links are at the top of the page across from the article title. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. 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. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 They're not optimised, some of the US ownership, Fenway Group with Liverpool or Abu Dhabi model with Man City have done it well but for the most part, these things haven't been optimised. For us, Portugal is an interesting market. 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 you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. We've done it with other assets. Can you pick up on the idea of Disney or a platform or a beachhead and what you're trying to achieve there? NFL: Jose Feliciano, Kwanza Jones 'weighing a bid' for Denver Broncos The billionaire private equity founders behind the recent . jennifer@blicksilverpr.com. where in May 2022, it acquired 60% of the clubs outstanding shares. 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. Spends 10% of the payroll, wins almost as much and is a very stable mid-market, mid-table, very profitable club. Jones is a singer, investor and philanthropist. Thank you for accessing our content on the Topio Networks Market Intelligence Center. "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. Khu vc sn Stamford Bridge hin ti. From Zoom founder Eric Yuan to biotech pioneer Alice Schwartz, meet the newest members of Forbes annual list of the 400 richest Americans. Mr. Eghbali co-founded Clearlake in 2006. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity, Resides in Los Angeles, CA Metropolitan Area. By continuing to browse, you hereby agree to the use of cookies. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. By staff-author. 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. He is involved in some of Clearlakes recent investments such as symplr and Unifrax. Behdad received his undergraduate degree from the University of California, Berkeley. This category only includes cookies that ensures basic functionalities and security features of the website. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Clearlake Completes Acquisition of Endurance International Group and 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 . Behdad Eghbali - Co-Founder & Managing Partner at Clearlake Capital 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. This means that we may include adverts from us and third parties based on our knowledge of you. 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. But opting out of some of these cookies may affect your browsing experience. 2023 Forbes Media LLC. 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.". 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. Necessary cookies are absolutely essential for the website to function properly. You have to have a good product to generate sponsors for the content to work. Boehly yet to deliver on two key Chelsea promises as jury still out When Todd Boehly and Clearlake Capital completed their . Clearlake Capital - Wikipedia Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 Feliciano and Eghbali got Dyal and Goldman to team up for a slice that valued Clearlake at a rich $4.2 billion, making Feliciano, 46, and Eghbali, 43, two of the youngest billionaires in. About; . Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. You've got to win. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. (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. Two, if done right, if you use data, if you're thoughtful about this global market for talent and access of talent that is not effectively done through a draft or an extensive college or baseball farm system which I would attribute as a multi club model. Behdad Eghbali, Partner, Clearlake Capital - topionetworks.com 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). Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. 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. I had one super high-level sporting director at the world's biggest, top three club tell me when I asked about their approach to data and said the data is my eyes. 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. Prior to Clearlake, Eghbali worked in private equity for TPG Capital for several years. Something went wrong, please try again later. 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. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. 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. The deal, led by U.S billionaire Todd Boehly and the private . 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. Clearlake Capital Group Announces Team Promotions And Additions Minimum salary caps are what you've got to spend if you're a small market team. 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. Chelsea in talks over 1.5bn stadium project with complete rebuild of We think the individual club is stronger. The private equity firm is based in Santa Monica, California. 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. 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. 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. Behdad Eghbali takes on Chelsea exit plan, multi club, transfers and These cookies do not store any personal information. 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. 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. Donald Trumps real net worth? Clearlake Capital closes seventh flagship private equity fund with more (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. Clearlake currently has over $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments. 2 Chelsea are in talks over a 1.5bn . 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. 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Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. Clearlake Capital Accelerates Deal Making Activity, The 2021 Money Issue Private Equity Firms Directory, Ivanti Names Board Chairman Jim Schaper As CEO, Clearlake Capital invests in Appriss Holdings, Clearlake Capital Group Closes Fund V at over $3.6 Billion, Clearlake Capital Acquires Provation as Newly Independent Software Platform Investment, Forum and Clearlake-backed Converge One merge and goes public, Clearlake Capital Completes Investment in NetDocuments. I think Gerry is buying teams at 1,2, 3, 4 times revenue multiples and if you have a cost structure that can sustain and you invigorate the fanbase we think you can have a business that makes money that are natural monopolies in their markets without the regulation, without the salary caps. Chelsea FC sold for $7.4 billion: Clearlake Capital, the little-known Scroll to Continue Read More Venture capitalists usually have an exit strategy, how does that mesh with ownership? 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 firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. Today Clearlake is one of. By continuing to browse, you hereby agree to the use of cookies. Clearlake Capital Group Closes Clearlake Opportunities Partners Ii at 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. In addition, Clearlake believes it is further differentiated by utilizing its sector driven investment approach while investing in transactions in which the firm exercises control or has significant influence. [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. kristin@blicksilverpr.com, Jennifer Hurson PDF Clearlake Capital Partners VI, L.P. - Pennsylvania Public School 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. He served as Board Member at Vision Solutions, JetSmarter and Lytx. 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. 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. "But I'm not going to hide behind that. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. All Rights Reserved. Behdad Eghbali - Diligent 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. Behdad Eghbali has a new place to hang his hat. Hints and clues to help you with today's Wordle. I think it's also an asset not to share your revenues if your New York City with Memphis. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. personalising content and ads, providing social media features and to 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'. There's thoughts to do that if you want to own the first team in multi that will qualify for Champions League. Eghbali, meanwhile, cofounded Clearlake Capital in 2006, which became known for its high returns and now oversees some $24 billion in assets. Winning on the pitch, you can do it efficiently as opposed to not, but you have to do that to have commercial success.