[3][11], In recent years Clearlake has become the biggest user of GP-led secondaries. Clearlake believes these situations provide attractive investment opportunities as they are often overlooked relative to large, widely followed restructurings and corporate buyouts. Check if your 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. 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. Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. [3] It discovered this technique during the COVID-19 pandemic when it sold shares of software company Ivanti to TA Associates in August 2020 at a valuation of $2 billion that generated a large windfall gain. I think if you apply some of that IP into developing talent but keeping your talent. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. 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. The plan will take time, will take patience, dedication . This category only includes cookies that ensures basic functionalities and security features of the website. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. We are also pleased to recognize the tremendous talent at all levels of the firm. Again, I think we're all teetering at the surface of where we're going to go. 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. Investor Contact: This website uses cookies to improve your experience while you navigate through 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Clearlake Capital make Chelsea infrastructure promise to ensure on 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. 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. Based in Santa Monica, California, Clearlake's team consists of 59 professionals, including 24 investment professionals, all of which are located in Clearlake's sole office. 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. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. The league-wide thoughtful management that exists in most US leagues doesn't there, it's more of a collective confederacy of teams that maybe work together but not always. 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. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. 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 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. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. Prior to Clearlake, Eghbali worked in private equity for TPG Capital for several years. 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. 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. 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. university 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. 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. You can still enjoy your subscription until the end of your current billing period. 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. 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. 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. Baseball all-star game, talent competition, draft generates 2/300 million of revenue on a Monday, or Tuesday. It is mandatory to procure user consent prior to running these cookies on your website. Clearlake Capital. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Background. "We are honoured to become the new custodians of Chelsea Football Club. 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? 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. 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. The strategy was to shift between buyouts and distressed securities depending on economic conditions. 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 . These cookies will be stored in your browser only with your consent. The firms core target sectors are software and technology-enabled services, industrials and energy, and consumers. Clearlake Capital to Acquire Confluence from TA Associates 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. 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. 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. Clearlake Capital Behdad Eghbali will act as Clearlake's main voice in the incoming Chelsea ownership set-up. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. 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 . In England, largely people have done well, and made money. Anonymous Visitors Are On The Rise: Is Your E-Commerce Business Ready? 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. Clearlake Capital Group Announces Team Promotions And Additions "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. 2018 Cohesive Capital. Behdad Eghbali serves as a member of the Board of Directors for Diligent. Twitter. "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. Behdad Eghbali and Jos Feliciano are cofounders of Clearlake Capital, which was the primary financial backer of the group that just purchased Chelsea. NFL: Jose Feliciano, Kwanza Jones 'weighing a bid' for Denver Broncos Behdad Eghbali, Jose Feliciano and . Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. Behdad Eghbali - Co-Founder & Managing Partner at Clearlake Capital 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. 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. Clearlake & TA Associates-Backed Precisely to Acquire Infogix. Update says Jos E. Feliciano, Behdad Eghbali now lead a bid to buy Mr. Behdad Eghbali is a Co-Founder & serves as Managing Partner at Clearlake Capital Group. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. May 31, 2022 11:27am. The Clearlake co-founder will tuck in behind Mr Boehly but provides an. Pretty incredible. Behdad received his undergraduate degree from the University of California, Berkeley. 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. Our vision as owners is clear: we want to make the fans proud," a statement read. The Iranian-born Westside resident who manages Clearlake Capital with co-founder and fellow real estate lover Jose . kristin@blicksilverpr.com, Jennifer Hurson 2023 Forbes Media LLC. 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. Same platform but with new and improved features. These are global assets, global audiences which we think we can certainly help grow. For more information, visit our Privacy Policy. Comments are Off, Firm Names Five New Partners and Managing Directors and Adds Three Managing Directors. 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. The private equity. 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. including some of the largest and most innovative deals of the year," said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. 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 billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and it's worth a look. All rights reserved. What are you focused on with a European investment? 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. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. Donald Trumps real net worth? 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. These are 200,000-person cities. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. Or by navigating to the user icon in the top right. 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. Eghbali, meanwhile, cofounded Clearlake Capital in 2006, which became known for its high returns and now oversees some $24 billion in assets. As always you can unsubscribe at any time. We have content from players in the academy, Chelsea academy along with Barcelona probably the two best in Europe, we have stars starting six, seven, and eight. Clearlake Capital says it has more than $70 billion. We've done it with other assets. Behdad Eghbali takes on Chelsea exit plan, multi club, transfers and This category only includes cookies that ensures basic functionalities and security features of the website. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Premium access for businesses and educational institutions. When we've seen it not work is when people are buying clubs largely because it's there and for sale. Reviewing the Pivot Cycles E-MTB lineup in Park City, Utah, and Phoenix, Arizona. 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. 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. Behdad Eghbali, the Iranian-born manager of Clearlake Capital has recently followed in the footsteps of Elon Musk and invested in property in one of Los Angeles' most exclusive neighborhoods. By staying on top of these key areas, you can ensure that your fashion brand gains and maintains a competitive advantage in the market. The owner is from a sport gaming, data background. Clearlake Capital closes seventh flagship private equity fund with more 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. Thomas Tuchel has already shown Graham Potter what he must do in Chelsea vs Bournemouth, Chelsea told key area Christopher Vivell will improve following technical director appointment, Todd Boehly's 2023 Chelsea vision is clear after Christopher Vivell joins new-look team, The eight January transfer decisions Chelsea must make as Todd Boehly and Graham Potter plan future, Wesley Fofana breaks silence after Chelsea injury in Brentford friendly amid Reece James message, Chelsea Co-owner Behdad Eghbali and Newcastle United Director Amanda Staveley look on. TA has raised $47.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. organisation [2][8], In May 2018, Clearlake sold a minority stake of up to 20% of its shares to Dyal Capital, Petershill Partners and Landmark Partners. Behdad Eghbali - Diligent "But I'm not going to hide behind that. From Zoom founder Eric Yuan to biotech pioneer Alice Schwartz, meet the newest members of Forbes annual list of the 400 richest Americans. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. Clearlake, the US buyout group behind the Chelsea bid Compare Standard and Premium Digital here. [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. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 Clearlake was founded by Jose Feliciano and Behdad Eghbali in 2006 and manages $8 billion of assets. cookies You're content, your asset is that play and I think the opportunity to make it a platform is there. 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. Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. www.vbprofiles.com is now www.topionetworks.com. Minimum salary caps are what you've got to spend if you're a small market team. We think the multi club is an interesting tool for player trading. Take A Look Inside This Billionaire's $21m Home - GQ Middle East Streamline your next board meeting by collating and collaborating on agendas, documents, and minutes securely in one place. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . Chelsea FC sold for $7.4 billion: Clearlake Capital, the little-known Jose E. Feliciano - Forbes 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. Broncos Sale Draws Clearlake Billionaires Eghbali and Feliciano 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. Behdad Eghbali, Partner, Clearlake Capital - topionetworks.com 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. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. 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.". Behdad Eghbali General Information. 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. Stamford Bridge special: Chelsea's 1.5bn stadium decision Africa wef think is a big, big market. By staff-author. The Dodgers, you mentioned Todd, they have a farm team in Uganda. Newly Minted Billionaire Behdad Eghbali Buys Luxurious New Build in L.A $2.5 billion, according to our most recent tally. Spends 10% of the payroll, wins almost as much and is a very stable mid-market, mid-table, very profitable club. Behdad Eghbali serves as a member of the Board of Directors for Diligent. 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. [3][11] WhiteStar Asset Management serves as the credit platform of Clearlake. Winning on the pitch, you can do it efficiently as opposed to not, but you have to do that to have commercial success. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. As the popularity of e-bikes grow, it's important for insurance companies to become educated on these vehicles and the laws surrounding them. 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. Behdad Eghbali - Santa Monica, California, United States - LinkedIn 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. +1 845-507-0571 Clearlake Capital Accelerates Deal Making Activity [1][3][4][5], The firm is the owner of Chelsea F.C. Behdad Eghbali serves as a member of the Board of Directors for Diligent. We also use third-party cookies that help us analyze and understand how you use this website. All Rights Reserved. Simply log into Settings & Account and select "Cancel" on the right-hand side. Todd went there on an all-star game. Thank you for accessing our content on the Topio Networks Market Intelligence Center. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. [15][16] In 2020 the merged company rebranded to Precisely. You've got to win. 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. 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. Clearlake Capital Group Announces Senior Promotions and New Additions 2 Chelsea are in talks over a 1.5bn . Clearlake Capital says it oversees more than $70 billion in assets under management; it has scored some of the industry's best returns. Clearlake currently has over $10 billion of assets under management and its senior investment principals have led or co-led over 100 investments. California-based Clearlake, run by cofounders and managing partners Jos E. Feliciano and Behdad Eghbali, invests in technology, industrials, and consumer companies. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. Behdad Eghbali & Jose Feliciano of Clearlake Capital, were VERY Close to purchasing the 40% Of Minority Shares OF THE WFT from Fred Smith , Dwight Scharr and Bob Rothman in 2020 for $900. About | Clearlake Capital 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. 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 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.

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