Clearlake Capital Group’s Acquisition of IXS Holdings

UBS served as financial advisor to Clearlake. Jefferies LLC and Harris Williams & Co. served as financial advisors to the Company.

Clearlake Capital Group, L.P. has agreed to acquire Innovative XCessories & Services LLC (“IXS”) from Olympus Partners. The transaction is expected to close in the first quarter of this year. Terms are not being disclosed.

Headquartered in Windsor, Ontario, IXS is the leading provider of coating solutions and vehicle upfit services to OEMs, the automotive aftermarket, and diversified industrial end markets.

Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. Clearlake currently has over $17 billion of assets under management and its senior investment principals have led or co-led over 200 investments.

The Kirkland team was led by transactional partners Luke Guerra (Picture) and Bianca Levin-Soler and included associates Nikita Patel and Peter Liskanich; tax partners Russell Light and Josh McLane and associate Michael Alcan; debt finance partners Brian Ford and Christine Bae and associate Paige Scheckla; technology and intellectual property transactions partner Vladimir Khodosh and associate Preeta Reddy; executive compensation partner Jack Stratton and associate Anthony Ji; environmental transactions partner Stefanie Gitler and associate Ty’Meka Reeves-Sobers; employee benefits partner Matthew Antinossi and associate Caitlin Pyrce; labor and employment partners R.D. Kohut and Madeline Klebanov and associate Christine Lacku; real estate partner John Caruso; and international trade partner Shawn Cooley and associate Jeremy Iloulian.

Involved fees earner: Michael Alcan – Kirkland & Ellis; Matthew Antinossi – Kirkland & Ellis; Christine Bae – Kirkland & Ellis; John Caruso – Kirkland & Ellis; Shawn Cooley – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Stefanie Gitler – Kirkland & Ellis; Robert Luke Guerra – Kirkland & Ellis; Jeremy Iloulian – Kirkland & Ellis; Anthony Ji – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Madeline Klebanov – Kirkland & Ellis; R.D. Kohut – Kirkland & Ellis; Christine Lacku – Kirkland & Ellis; Bianca Levin-Soler – Kirkland & Ellis; Russell Light – Kirkland & Ellis; Peter Liskanich – Kirkland & Ellis; Josh McLane – Kirkland & Ellis; Nikita Patel – Kirkland & Ellis; Caitlin Pyrce – Kirkland & Ellis; Preeta Reddy – Kirkland & Ellis; Ty’Meka Reeves-Sobers – Kirkland & Ellis; Paige Scheckla – Kirkland & Ellis; Jack Stratton – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Clearlake Capital Group, L.P.;

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Author: Ambrogio Visconti