Behdad Eghbali and Jos Feliciano, the newly minted billionaire founders of Clearlake Capital Group in Santa Monica, are collecting new industries at a head-turning speed. Behdad Eghbali - Santa Monica, California, United States - LinkedIn You also have the option to opt-out of these cookies. 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 to the success of our portfolio companies but also made key contributions to the firm's culture and values. 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. Behdad Eghbali serves as a member of the Board of Directors for Diligent. 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. [3][5][6][7], Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. I think three different reasons for it. The private equity firm is based in Santa Monica, California. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. What Gerry has done, Ian you guys have done, you've bought well you're going to make money on a specific investment. Leaders of Influence: Private Equity, Investors & Advisors 2022 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 Feliciano's private equity firm scored its biggest realized gain ever with the $1.06 billion sale of Sage Automotive. . The financier has just paid $21million for this 7 bedroom, 11 bathroom, 10,000sq ft estate that celebrity property site Dirt, call 'baller'. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects. 2 Chelsea are in talks over a 1.5bn . Something went wrong, please try again later. 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. Chelsea owner Todd Boehly completed a 4.25bn takeover in May (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)) 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. 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). 2023 Forbes Media LLC. 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. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Clearlake & TA Associates-Backed Precisely to Acquire Infogix [1][3][4][5], The firm is the owner of Chelsea F.C. You've got to win. Kristin Celauro organisation Feliciano and Eghbali got Dyal and Goldman to team up for a slice that valued Clearlake at a rich $4.2 billion, making Feliciano, 46, and Eghbali, 43, two of the youngest billionaires in. The award, which is focused on consortiums in Europe, the Middle East and Africa, was given this week, confirmed by the Clearlake Capital Group on Twitter. Private Equity's New Billionaire Machine - Forbes India Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 While rediscovering the joy of riding mountain bikes. Clearlake Capital says it has more than $70 billion. Based in Santa Monica, California, Clearlake's team consists of over 80 professionals, including 35 investment professionals.1 Clearlake has been a Registered Investment Adviser with the Mr. Tabaee has been involved in several of Clearlakes industrials, technology, and consumer platforms. 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. She is involved in some of Clearlakes recent investments such as American Construction Source, FloWorks, and ProVation. 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. Behdad Eghbali - Diligent (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. 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. Graham Potter confirms Todd Boehly and Behdad Eghbali meeting as Behdad Eghbali Forbes 400 Rank: #340 Net Worth: $3 . Europe, Menlo Park, China), Where the person is located (e.g. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. 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. 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. 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. Brad Kottman joined Clearlake in 2017. Behdad Eghbali, Partner, Clearlake Capital - topionetworks.com For us, it was about looking at the macro. Clearly, our approach was, it so happened because of a global conflict Chelsea was available and we thought we'd start with that. It struck a high-profile deal . This means that we may include adverts from us and third parties based on our knowledge of you. Blicksilver PR 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. Structurally, given how botched that effort was to create something else, does anyone have any appetite for anything that sounds like that. 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. There's thoughts to do that if you want to own the first team in multi that will qualify for Champions League. Baseball all-star game, talent competition, draft generates 2/300 million of revenue on a Monday, or Tuesday. var __dcid = __dcid || []; 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. What relegation means for Chelsea is frankly a league that has three partners leaving and three entering each year.. where in May 2022, it acquired 60% of the clubs outstanding shares. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. One thing to be mindful of there is really Champions League or continental competition. Behdad Eghbali, Jose Feliciano and . Clearlake Capital Group Announces Team Promotions and Additions Feliciano. Clearlake Completes Acquisition of Endurance International Group and 24. Behdad Eghbali - Los Angeles Business Journal Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. Speaking in a joint statement, Behdad Eghbali and Jos E. Feliciano, the managing partners of Clearlake, outlined their vision for Chelsea. It is mandatory to procure user consent prior to running these cookies on your website. Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 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. 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. This website uses cookies to improve your experience while you navigate through the website. We want to make sure you get the most out of our platform. Buyout Firm Clearlake Capital Makes $800 Million In Sage - Forbes 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. Chelsea ang t chc mt vng m phn mi v d n sn vn ng tr gi 1,5 t bng ca h khi ch s hu Todd Boehly ca Clearlake Capital tin gn hn n mt quyt nh s nh hnh tng lai ca cu lc b. 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. 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. Behdad Eghbali General Information. 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. 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. About; . Clearlake Capital. These cookies will be stored in your browser only with your consent. [3][11] WhiteStar Asset Management serves as the credit platform of Clearlake. They are looking to invest in the Broncos personally. Take A Look Inside This Billionaire's $21m Home - GQ Middle East Bachelor of Business Administration, University of California, Berkeley. [2][3][4][5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. The firm specializes in three sectors that don't always go together in the world of private . 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. Todd went there on an all-star game. [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. The Clearlake co-founder will tuck in behind Mr Boehly but provides an. The Richest Private Equity Billionaires On The Forbes 400 List 2021 If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I think the sport needs more high-quality premium matches and content. On the second question, at Clearlake, we've done five continuation vehicles, that we call icon vehicles. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. But opting out of some of these cookies may affect your browsing experience. 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. 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. 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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Investor Contact: 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. [8], In 2015, Clearlake took a controlling stake in Syncsort. The Iranian-born Westside resident who manages Clearlake Capital with co-founder and fellow real estate lover Jose . 2023 Forbes Media LLC. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Behdad received his undergraduate degree from the University of California, Berkeley. Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. The ESPN special worked because Michael Jordan won. We use 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. When Todd Boehly and Clearlake Capital completed their . By staff-author. Necessary cookies are absolutely essential for the website to function properly. 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. "Our vision as owners is clear: We want to make the fans proud. 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. We're all in - 100% - every minute of every match. Or by navigating to the user icon in the top right. More information is available at www.clearlakedev.wpengine.com. Linkedin. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity, Resides in Los Angeles, CA Metropolitan Area. We look forward to providing you with even more cutting-edge market research, as Topio Networks. All Rights Reserved. Eghbali co-founded Clearlake Capital in 2006. How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3.
Mobile Massage Booking,
How To Get Coprite Alloy In Warframe,
How To Enter Pairing Code Oculus Quest 2,
Where Is Ben Davis Phillies Broadcaster,
Articles B