Streamline your next board meeting by collating and collaborating on agendas, documents, and minutes securely in one place. Behdad Eghbali Co-Founder and Managing Partner, Clearlake Capital THE LATEST: In 2018, Eghbali and Clearlake closed the firm's fifth flagship fund with $3.6 billion in commitments. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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 Clearlakes operational improvement approach,O.P.S.The firms core target sectors are industrials and energy; software and technology-enabled services; and consumer. The team has approximately 400 years of collective experience with a focus on complex situations. 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. Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. It struck a high-profile deal . There are teams in small cities in Europe that sell 40-50,000 seats. Pedro Urrutia, Partner, Managing Director, and Chief Financial Officer, joined Clearlake in 2010. 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). Anonymous Visitors Are On The Rise: Is Your E-Commerce Business Ready? On this Wikipedia the language links are at the top of the page across from the article title. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. When we've seen it not work is when people are buying clubs largely because it's there and for sale. 2018 Cohesive Capital. 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. This category only includes cookies that ensures basic functionalities and security features of the website. April 3, 2019 His net worth is estimated at $2 billion. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). The private equity. [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. -Behdad Eghbali; source: SporticoLive via Football.London The only thing we have to keep in mind is that none of this will happen overnight. The question is how do you run these more effectively, how do you control salary cost. 2018 Cohesive Capital. The private equity firm is based in Santa Monica, California. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. There have been solutions for that in terms of ownership level. 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. The firm specializes in three sectors that don't always go together in the world of private . 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. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine. 2023 Forbes Media LLC. May 31, 2022 11:27am. Europe, Menlo Park, China), Where the person is located (e.g. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. 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. 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. We use Reflects change since 5 pm ET of prior trading day. [17][18], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Something went wrong, please try again later. Behdad Eghbali Forbes 400 Rank: #340 Net Worth: $3 . Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. We congratulate this group on achieving another milestone in their careers and for playing a key role in Clearlakes goal of generating market leading returns for our clients while making a positive contribution to society, continued Messrs. Feliciano and Eghbali. It doesn't have to be a super league. These cookies do not store any personal information. Martin Arzac, Managing Director Prior to joining Clearlake, Mr. Arzac was a Managing Director at Deutsche Bank, and prior to that, he was a Director at UBS Investment Bank and an Analyst at DLJ. 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. There are certainly businesses you want to own for a long time and private equity has to evolve from the formation 'Hey, I raised a fund, I've got to sell'. Scroll to Continue Read More Necessary cookies are absolutely essential for the website to function properly. 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. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. Biography. ", Chelsea press conference LIVE: Graham Potter on his future, Leeds, Kante, Pulisic, more, Two Chelsea undroppables given new roles as Graham Potter makes tactical decision to beat Leeds, Jose Mourinho to Chelsea latest: Dream return, Todd Boehly contact and Roma drama, Zinedine Zidane to Chelsea latest: Luis Enrique battle, France job decision, Boehly desire, Chelsea owners Clearlake Capital make announcement about takeover, Chelsea owner Todd Boehly completed a 4.25bn takeover in May, (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)). "We thank everyone for their ongoing support, and congratulate our team members . Behdad Eghbali serves as a member of the Board of Directors for Diligent. "But I'm not going to hide behind that. Prior to Clearlake, Eghbali worked in private equity for TPG Capital for several years. Despite the pandemic, multibillion-dollar fortunes are still being minted in America. This category only includes cookies that ensures basic functionalities and security features of the website. This means that we may include adverts from us and third parties based on our knowledge of you. These cookies do not store any personal information. [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. 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. 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. Ian, what you've done with Blitz is not start with the large market club and frankly built a nice network of clubs that have cohesion and symmetry. . 1452. 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. The private equity firm is based in Santa Monica, California. For us, it was about looking at the macro. 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. . [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. 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. cookies For us, Portugal is an interesting market. READ MORE: Every word Graham Potter said on Wesley Fofana, N'Golo Kante, Reece James and Bournemouth clash. jennifer@blicksilverpr.com. . 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. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). 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. [8] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. 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. 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. There's a talent arbitrage opportunity that exists. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. 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. He has six scouts, no data and using some of the data points we know of the good sports teams of any league here there are 20-30 data analysts and wie use of data. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. We think the individual club is stronger. 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. Mr. Eghbali co-founded Clearlake in 2006. We think there's a path to controlling labour costs and still producing a winning product using data, using the multi club. University of California, Berkeley - Walter A. Haas School of Business, Intelligent Assistance and Bots Ecosystem. Or by navigating to the user icon in the top right. Dan Groen, Managing Director, joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr. I think that's less of an issue. We support credit card, debit card and PayPal payments. Prior to joining Clearlake, Mr. Abraham was an investment professional at Marlin Equity Partners, and prior to that, he was an Investment Banking Analyst at Barclays Investment Bank. More information is available atwww.clearlakedev.wpengine.com. Reviewing the Pivot Cycles E-MTB lineup in Park City, Utah, and Phoenix, Arizona. 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. Amanda Fields-Schuler Prior to joining Clearlake, Ms. Fields-Schuler was a consultant at Stax Inc. and an Associate Intern, Technology Investment Banking at Bank of America Merrill Lynch. By staff-author. 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. +1 732-433-5200 Photo Illustration by Cora Veltman, Paul Spinelli via AP. If you're buying a division two or team teetering you are getting paid for it. 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. It is mandatory to procure user consent prior to running these cookies on your website. 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. offers FT membership to read for free. Clearlake Capital. Behdad Eghbali Age : 46 Linked companies : Cornerstone OnDemand, Inc. - Diligent Corp - Constant Contact Inc Summary Behdad Eghbali is a businessperson who founded Clearlake Capital Group LP and who has been at the head of 8 different companies. More information is available at www.clearlake.com and on Twitter @Clearlake. Kristin Celauro We've done about 9 billion of it in the past 18 months. 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. Again, I think we're all teetering at the surface of where we're going to go. 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. While rediscovering the joy of riding mountain bikes. 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. [15][16], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. All rights reserved. Read more: Chelsea make four major goalkeeping decisions as Todd Boehly receives fresh transfer plan. Behdad Eghbali serves as a member of the Board of Directors for Diligent. 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. Email. 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. 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. 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. Behdad received his undergraduate degree from the University of California, Berkeley. 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. This website uses cookies to improve your experience while you navigate through the website. Eghbali (45) and Feliciano (48) co-founded Clearlake Capital together in 2006; Feliciano and Jones are married. 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. Mr. Behdad Eghbali is a Co-Founder & serves as Managing Partner at Clearlake Capital Group. Jones is a singer, investor and philanthropist. +1 845-507-0571 At Chelsea or AC Milan levels, these are the premium teams, the premium payrolls in respective leagues. The approach to mobile is 1999 in terms of most of the clubs out there, again Fenway does it well, is nicely profitable. 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. We hired a coach from Brighton and we think they're one of the best-run teams in the Premier League. I think there's a global pool of talent, for the multi club, comes into play you have clubs that can be development pathways for players where you're managing your content, labour costs much more effectively. [3][5][6][7], Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E.
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