The private equity firm is based in Santa Monica, California. Email. Europe, Menlo Park, China), Where the person is located (e.g. California-based Clearlake, run by cofounders and managing partners Jos E. Feliciano and Behdad Eghbali, invests in technology, industrials, and consumer companies. Clearlake believes these situations provide attractive investment opportunities as they are often overlooked relative to large, widely followed restructurings and corporate buyouts. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 Behdad Eghbali serves as a member of the Board of Directors for Diligent. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. Donald Trumps real net worth? 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. You've got to win. 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 category only includes cookies that ensures basic functionalities and security features of the website. Reflects change since 5 pm ET of prior trading day. Behdad Eghbali could resurrect major 5.7bn NFL plans after Chelsea 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. Thank you for your continued support. There are teams in small cities in Europe that sell 40-50,000 seats. Chelsea ln k hoch xy mi sn Stamford Bridge Behdad Eghbali - Co-Founder & Managing Partner at Clearlake Capital PDF Clearlake Capital Partners VII, L.P. - Pennsylvania Public School You can still enjoy your subscription until the end of your current billing period. We support credit card, debit card and PayPal payments. Even they've made money on it. 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. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. We also use third-party cookies that help us analyze and understand how you use this website. [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. 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. But opting out of some of these cookies may affect your browsing experience. 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. 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. 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. Spends 10% of the payroll, wins almost as much and is a very stable mid-market, mid-table, very profitable club. 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. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects. This website uses cookies to improve your experience while you navigate through the website. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). 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. His net worth is estimated at $2 billion. Reviewing the Pivot Cycles E-MTB lineup in Park City, Utah, and Phoenix, Arizona. He is involved in some of Clearlakes recent investments such as symplr and Unifrax. Bachelor of Business Administration, University of California, Berkeley. The firm specializes in three sectors that don't always go together in the world of private . For more information, visit our Privacy Policy. The deal, led by U.S billionaire Todd Boehly and the private . So in terms of alignment to grow the pie, and redistribute the pie it's not exactly what the US sports leagues and teams, the fraternity that exists. We hired a coach from Brighton and we think they're one of the best-run teams in the Premier League. 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.". university We use [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. 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. The plan will take time, will take patience, dedication . Chelsea are holding a new round of talks over their 1.5 billion stadium project as the Todd Boehly-Clearlake Capital owners inch closer to a decision that will shape the club's future. 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. "But I'm not going to hide behind that. Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. 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. 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. Can you pick up on the idea of Disney or a platform or a beachhead and what you're trying to achieve there? Clearlakes history of active leadership as value-added investors is further enhanced by the firms network of executives and operating resources within its core industries. 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. 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 . 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. Background. More information is available atwww.clearlakedev.wpengine.com. Eghbali co-founded Clearlake Capital in 2006. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . Behdad Eghbali - Diligent Behdad Eghbali serves as a member of the Board of Directors for Diligent. In May 2022, Clearlake Capital joined billionaire investor Todd Boehly and several others in the $3 billion purchase of English soccer team Chelsea FC. The owner is from a sport gaming, data background. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. Behdad Eghbali - Forbes Kristin Celauro You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. 2018 Cohesive Capital. 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All rights reserved. I would say, we think winning and a good product on the pitch and commercial success go hand in hand. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. 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. Premium access for businesses and educational institutions. Feliciano. 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. [1][3][4][5], The firm is the owner of Chelsea F.C. SANTA MONICA, CA April 3, 2019 Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), a leading global private equity and alternative asset investment firm, today made several announcements including naming five Clearlake veterans as Partners and/or Managing Directors, several other promotions within the firm, and new senior level additions to the team. University of California, Berkeley - Walter A. Haas School of Business, Intelligent Assistance and Bots Ecosystem. 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. Behdad Eghbali & Jose Feliciano are FRONTRUNNERS To Win the Bid to OWN 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.. Graham Potter confirms Todd Boehly and Behdad Eghbali meeting as This category only includes cookies that ensures basic functionalities and security features of the website. 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. 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. [3][11] WhiteStar Asset Management serves as the credit platform of Clearlake. Venture capitalists usually have an exit strategy, how does that mesh with ownership? Clearlake currently has over $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments. 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. 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. Speaking in a joint statement, Behdad Eghbali and Jos E. Feliciano, the managing partners of Clearlake, outlined their vision for Chelsea. 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. He served as Board Member at Vision Solutions, JetSmarter and Lytx. I think three different reasons for it. 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. 1452. These cookies will be stored in your browser only with your consent. With more than 20 years of related experience, Mr. Urrutia is responsible for the management of Clearlakes corporate accounting and operations departments. Clearlake & TA Associates-Backed Precisely to Acquire Infogix 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. The private equity firm is based in Santa Monica, California. Clearlake Capital. This means that we may include adverts from us and third parties based on our knowledge of you. While rediscovering the joy of riding mountain bikes. Behdad Eghbali takes on Chelsea exit plan, multi club, transfers and The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Anonymous Visitors Are On The Rise: Is Your E-Commerce Business Ready? NFL: Jose Feliciano, Kwanza Jones 'weighing a bid' for Denver Broncos 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. Take A Look Inside This Billionaire's $21m Home - GQ Middle East Clearlake Capital to Acquire Confluence from TA Associates Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. 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. 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. Behdad Eghbali serves as a member of the Board of Directors for Diligent. Winning on the pitch, you can do it efficiently as opposed to not, but you have to do that to have commercial success. We look at some of the US sports leagues and teams and NFL, NBA, NFL is profitable but there are revenue multiples at 5,6,7, 8, 10. 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. The billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and it's worth a look. [8] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. Arta Tabaee, Managing Director, joined Clearlake in 2010, and he currently serves on the Board of Directors of Clearlake portfolio companies Proven Brands and Team Technologies. By continuing to browse, you hereby agree to the use of cookies. It is said that the consortium fended off competition from 11 serious rivals to acquire the club. Blicksilver PR Behdad Eghbali - Santa Monica, California, United States - LinkedIn Mr. Behdad Eghbali is a Co-Founder & serves as Managing Partner at Clearlake Capital Group. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. 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 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. About; . +1 732-433-5200 Private Equity Round - Dodge Data & Analytics, Private Equity Round - EagleView Technologies, United States Private Equity Stage Companies With More Than 10 Employees, Investors Active in San Francisco Bay Area (Top 10K), California Investors with Funds Raised in 2022, Western US Business Development Companies, Financial Services Private Equity Stage Companies With More Than $1M in Revenue, Venture Capital Companies With More Than 50 Employees, Business Development Companies With Less Than $500M in Revenue (Top 10K), Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. Despite the pandemic, multibillion-dollar fortunes are still being minted in America. They are looking to invest in the Broncos personally. I think 90-95% depending on the team, of the top teams in England the fanbases are outside of the UK. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. I think a couple of teams in Spain do and they're vocal about it and everyone else doesn't want to go there. Mr. Eghbali co-founded Clearlake in 2006. We are also pleased to recognize the tremendous talent at all levels of the firm. Dan Groen, Managing Director, joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr. [9][10] The purpose of the sale was to fund the creation of a credit unit. var __dcid = __dcid || []; 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 . The private equity firm is based in Santa Monica, California. Mr. Tabaee has been involved in several of Clearlakes industrials, technology, and consumer platforms. READ MORE: Every word Graham Potter said on Wesley Fofana, N'Golo Kante, Reece James and Bournemouth clash. . Stamford Bridge special: Chelsea's 1.5bn stadium decision You have to have a good product to generate sponsors for the content to work. 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. [8], In 2015, Clearlake took a controlling stake in Syncsort. 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. It is mandatory to procure user consent prior to running these cookies on your website. 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. The ESPN special worked because Michael Jordan won. These cookies will be stored in your browser only with your consent. We think there's a path to controlling labour costs and still producing a winning product using data, using the multi club. 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. 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. 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. 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 EGHBALI - Los Angeles Business Journal 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. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. cookies Behdad Eghbali Forbes 400 Rank: #340 Net Worth: $3 . Behdad Eghbali General Information. 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. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); This website uses cookies to improve your experience while you navigate through the website. Update says Jos E. Feliciano, Behdad Eghbali now lead a bid to buy or Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Princetons Student Body Will Expand After $20 Million Gift From Artist Kwanza Jones And Private Equity Executive Jos Feliciano, Newcomers: These 18 Billionaires Join The Forbes 400 List In 2020, How Clever New Deals And An Unknown Tax Dodge Are Creating Buyout Billionaires By The Dozen, Buyout Firm Clearlake Capital Makes $800 Million In Sage Automotive Deal, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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 . 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. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. Something went wrong, please try again later. Clearlake has Clearlake Capital - Wikipedia The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. These are 200,000-person cities. 2 Chelsea are in talks over a 1.5bn .
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