Clearlake Capital Closes Buy of Bluefly

Clearlake Capital Group has completed its buy of Bluefly. Financial terms weren't announced. New York-based Bluefly is an online retailer. Neel Grover, former CEO and President of Buy.com and a Clearlake operating advisor, was named Bluefly's CEO and co-Chairman. Greg Giraudi, also a Clearlake operating adviser and former COO and General Counsel of Buy.com, was tapped to be Bluefly's president and director.

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