Clearlake sells stake in merged Syncsort, Vision Solutions to Centerbridge
Clearlake Capital Group LP said July 6 that it is merging Syncsort Inc and Vision Solutions Inc and selling a “significant” ownership stake in the combined company to Centerbridge Partners LP. The transaction is valued at $1.26 billion. The combined company will operate under the Syncsort name and will be led by CEO Josh Rogers. Clearlake will retain an ownership stake in Syncsort. Bank of America Merrill Lynch, Credit Suisse and Antares Capital provided financing. Evercore and Jefferies served as financial advisors to Syncsort and Vision Solutions. Bank of America Merrill Lynch and Credit Suisse advised Centerbridge.
6 July 2017•6 mins read
