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Clearlake Renews Pursuit of Software Firm Blackbaud
Clearlake Capital Group LP is exploring a renewed effort to take Blackbaud Inc. private, according to people with knowledge of the matter, roughly a year after its last approach was rebuffed by the cloud software provider.
Clearlake Capital Group LP is exploring a renewed effort to take Blackbaud Inc. private, according to people with knowledge of the matter, roughly a year after its last approach was rebuffed by the cloud software provider. The investment firm is talking to potential advisers about making a fresh offer to Blackbaud’s board, the people said, asking not to be identified discussing confidential information. Clearlake already owns about 18.9% of Blackbaud’s outstanding stock, according to a filing.
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