Clearlake Capital Group explores renewed attempt to take Blackbaud private after previous rejection.
Clearlake Capital Group is reportedly exploring a renewed attempt to take Blackbaud, a cloud software provider, private, about a year after its previous effort was rejected. Clearlake, which already owns 18.9% of Blackbaud's outstanding stock, has reached out to potential advisers and banks for financing support, though no proposal has been made yet. The deal's certainty remains uncertain.
April 11, 2024
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