Landmark Partners’ minority investment in Clearlake

The terms of the transaction are private and will not be publicly disclosed. Berkshire Capital Securities LLC and Goldman Sachs & Co. LLC advised Clearlake on the transaction. Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP served as legal counsel to Clearlake. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Dyal and Petershill.

Dyal Capital Partners, a division of Neuberger Berman, and Goldman Sachs Asset Management’s Petershill program, along with existing partner, Landmark Partners, have made a strategic minority investment in Clearlake Capital Group, L.P.

Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.

Dyal Capital Partners, a division of Neuberger Berman Group, seeks to acquire minority equity interests in institutional alternative asset management businesses worldwide.

Goldman Sachs Asset Management AIMS Group provides investors with investment and advisory solutions across leading private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies.

Under the terms of the transaction, the passive, non-voting minority stake will provide permanent capital to significantly increase the firm’s investments in its own funds and to support the development of initiatives that capitalize on the firm’s sector-focused approach coupled with its unique integration of private equity, special situations, and credit capabilities.

Simpson Thacher represented Clearlake Capital Group, L.P. with a team including Elizabeth Cooper (Picture), Michael Reeves and Anthony Gin (M&A); Tom Wuchenich, Avi Herescu, John Kreager and Catherine Maleki (Funds); Katharine Moir and Jacqueline Clinton (Tax); and Brian Robbins and Erin Murphy (ECEB).

Kirkland & Ellis LLP advised Landmark Partners with a team including Michael Belsley; investment funds partner Nicholas Cassin and associate Blake Halperin; and tax partner Roger Lucas

Involved fees earner: Elizabeth Cooper – Simpson Thacher & Bartlett; Michael Reeves – Simpson Thacher & Bartlett; Anthony Gin – Simpson Thacher & Bartlett; Thomas Wuchenich – Simpson Thacher & Bartlett; Avi Herescu – Simpson Thacher & Bartlett; John Kreager – Simpson Thacher & Bartlett; Catherine Maleki – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Brian Robbins – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Michael Belsley – Kirkland & Ellis; Nicholas Cassin – Kirkland & Ellis; Blake Halperin – Kirkland & Ellis; Roger Lucas – Kirkland & Ellis;

Law Firms: Simpson Thacher & Bartlett; Kirkland & Ellis;

Clients: Clearlake Capital Group, L.P.; Landmark Partners;


Author: Ambrogio Visconti