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. 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. 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 serves as a member of the Board of Directors for Diligent. The firm specializes in three sectors that don't always go together in the world of private . They are to some degree public-private partnerships but like anything you've got to put a good product on the field. 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. Story after story, Italy is more complicated and people have lost money but you guys have a choice asset. Simply log into Settings & Account and select "Cancel" on the right-hand side. The Chelsea co-owner was quizzed on his for plans, the impact of venture capital on the relationship with Chelsea, plans to have multiple clubs and more at SporticoLive's "Invest in Sports" Summit. You can still enjoy your subscription until the end of your current billing period. To succeed in this competitive field, businesses must focus on technology and consider new emerging factors. This website uses cookies to improve your experience while you navigate through the website. Bachelor of Business Administration, University of California, Berkeley. [3][11], In recent years Clearlake has become the biggest user of GP-led secondaries. For more information, visit our Privacy Policy. When Todd Boehly and Clearlake Capital completed their . Behdad Eghbali Forbes 400 Rank: #340 Net Worth: $3 . 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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. She is involved in some of Clearlakes recent investments such as American Construction Source, FloWorks, and ProVation. One thing to be mindful of there is really Champions League or continental competition. 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. 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. 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). His net worth is estimated at $2 billion. We are also pleased to recognize the tremendous talent at all levels of the firm. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. You can capture, acquire, retain, sign talent and monetise talent. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects. Email. By staff-author. 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. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. This website uses cookies to improve your experience while you navigate through the website. +1 732-433-5200 Jones is a singer, investor and philanthropist. To access all the content for free, please sign up by entering your email. There are teams in small cities in Europe that sell 40-50,000 seats. May 31, 2022 11:27am. offers FT membership to read for free. 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. 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 Clearlake co-founder will tuck in behind Mr Boehly but provides an. 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. 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. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Clearlake Capital Behdad Eghbali will act as Clearlake's main voice in the incoming Chelsea ownership set-up. 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. These cookies will be stored in your browser only with your consent. Behdad received his undergraduate degree from the University of California, Berkeley. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . Prior to co-founding Clearlake, Mr. Eghbali was a private equity investor at TPG. 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. Africa wef think is a big, big market. 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. Necessary cookies are absolutely essential for the website to function properly. 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. All Rights Reserved. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. 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. [3] This allowed the firm to take advantage of the 20072008 financial crisis to acquire distressed securities and then sell them for a profit after recovery. 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. www.vbprofiles.com is now www.topionetworks.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. Behdad Eghbali serves as a member of the Board of Directors for Diligent. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. READ MORE: Every word Graham Potter said on Wesley Fofana, N'Golo Kante, Reece James and Bournemouth clash.