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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. When Todd Boehly and Clearlake Capital completed their . The private equity firm is based in Santa Monica, California. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. or kristin@blicksilverpr.com, Jennifer Hurson More information is available atwww.clearlakedev.wpengine.com. The plan will take time, will take patience, dedication . Linkedin. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. You've got to win. More information is available at www.clearlakedev.wpengine.com. Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Feliciano. 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. Brad Kottman joined Clearlake in 2017. Mr. Arzac focuses on sourcing, structuring, and executing Clearlakes debt-related investments as well as other firm-wide strategic initiatives and special projects. Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . 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. 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. Clearlake & TA Associates-Backed Precisely to Acquire Infogix. 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 firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. As co-founder and managing partner of Clearlake Capital Group, Behdad Eghbali was instrumental in the growth and success of Clearlake since its founding in 2006. "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. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. 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. 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. It could be Disney, sports is religion, could be, not to pick on the Catholic Church, but the Catholic Church - these are institutions that have a wide generational following that thanks to technology and streaming and digital rights are in the really early days of global audiences of live content. 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. 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. 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. The team has approximately 400 years of collective experience with a focus on complex situations. 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. 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. These are global assets, global audiences which we think we can certainly help grow. I think it's also an asset not to share your revenues if your New York City with Memphis. 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. Clearlake currently has approximately $4 billion of assets under management, and its senior investment principals have led or co-led more than 90 investments. 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. You may change or cancel your subscription or trial at any time online. More information about TA can be found at www.ta.com. 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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. 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. There are teams in the Premier League that spend 10% of what the top five or six teams spend on payroll. Same platform but with new and improved features. May 31, 2022 11:27am. 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. 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. Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. 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. 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 . Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. 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). You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. When we've seen it not work is when people are buying clubs largely because it's there and for sale. I would say, we think winning and a good product on the pitch and commercial success go hand in hand. Clearly, our approach was, it so happened because of a global conflict Chelsea was available and we thought we'd start with that. This means that we may include adverts from us and third parties based on our knowledge of you. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. 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. One, if done well you can make money on each specific enterprise. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. [17][18], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. 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. Luc Longley didn't have a special during COVID, it's just the way it is. From Zoom founder Eric Yuan to biotech pioneer Alice Schwartz, meet the newest members of Forbes annual list of the 400 richest Americans. This website uses cookies to improve your experience while you navigate through the website. Obvious Blitzen, Ian and others have done other clubs without the beachhead first but for us we wanted to start with Chelsea and I'm sure you'll ask us about multi club and how you piece all of this together, hopefully, there's at least a theory and a business plan to do so. Pedro Urrutia, Partner, Managing Director, and Chief Financial Officer, joined Clearlake in 2010. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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. Something went wrong, please try again later. 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. These cookies will be stored in your browser only with your consent. Our vision as owners is clear: we want to make the fans proud," a statement read. [15][16] In 2020 the merged company rebranded to Precisely. Clearlake was established in 2006 and is currently managed by Jos E. Feliciano and Behdad Eghbali (the "Co-Founders"). Bachelor of Business Administration, University of California, Berkeley. The private equity firm is based in Santa Monica, California. Clearlakes history of active leadership as value-added investors is further enhanced by the firms network of executives and operating resources within its core industries. 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. If you're buying a division two or team teetering you are getting paid for it. Prior to co-founding Clearlake, Mr. Eghbali was a private equity investor at TPG. For us, Portugal is an interesting market. [3] It is a technique where Clearbridge will find another private equity firm to buy a large portion of one of its existing investments and then offer investors a chance to sell at a new valuation or roll their stake into a new fund that will hold the investment for a few more years. They are looking to invest in the Broncos personally. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners.