Clearlake Capital to buy Landesk
Clearlake Capital Group said Jan. 3 that it agreed to buy Landesk from Thoma Bravo. Financial terms weren’t announced. Clearlake is combining Landesk with portfolio company, Heat Software, which will do business under new yet-to be-announced name. Landesk, of Salt Lake City, Utah, makes management software. Morgan Stanley Senior Funding Inc, Barclays, Jefferies, Golub Capital, Macquarie Capital, and Nomura are providing financing. Morgan Stanley, Evercore, Barclays, and Jefferies served as financial advisors to HEAT and Clearlake. UBS Investment Bank served as financial advisor to Thoma Bravo.
3 January 2017•5 mins read
