NewsGlobeLTR Energy Inc. Closes Private Placement of Class A-1 Common Stock
February 24, 2017
GlobeLTR Energy Inc. (“GlobeLTR”) today announced that it has completed its private placement of 9,800,000 shares (the “Common Stock”) of its Class A-1 common stock (“Class A-1 common stock”) for aggregate consideration of $115 million. J.P. Morgan Securities LLC and Piper Jaffray & Co., through its Simmons & Company International division, served as the placement agents and as the representatives for the initial purchasers in this offering. Houlihan Lokey Capital, Inc. and PPHB Securities, LP served as co-managers in this offering.
February 24, 2017
Clearlake Capital Group, L.P., (together with certain of its affiliates, “Clearlake”) today announced the formation of GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”) in connection with the merger of two established oilfield services providers in the Permian Basin, Globe Energy Services, LLC (“Globe”) and Light Tower Rentals, Inc. (“LTR”). Financial terms of the transaction were not disclosed.
February 2, 2017
Smart Sand, Inc. (the “Company”) has priced a public offering of 5,950,000 shares of its common stock at $17.50 per share, of which 1,500,000 shares are to be sold by the Company and 4,450,000 shares are to be sold by the selling stockholders named in the registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”).
January 31, 2017
Vision Solutions, Inc. (“Vision”), a global data protection, high availability and IT automation software provider backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced today that Double-Take Software, Inc. (“Double-Take”) has been acquired by Carbonite, Inc. (NASDAQ:CARB) (“Carbonite”), a leading provider of cloud and hybrid data protection solutions.
January 30, 2017
Smart Sand, Inc. (NASDAQ: SND) announced today that based on our assessment of increased demand for our products, particularly fine mesh sand, we have decided to increase the wet and dry plant processing capacity at our Oakdale facility in order to produce up to approximately 4.4 million tons of raw frac sand per year.
January 23, 2017
Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced it has completed the acquisition of LANDESK. In conjunction with the transaction close, LANDESK and HEAT Software announced the two organizations have united under a new corporate name: Ivanti.
January 3, 2017
Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire LANDESK from Thoma Bravo. Financial terms of the transaction were not disclosed. As part of the transaction, Clearlake will contribute its portfolio company HEAT Software (“HEAT”) to the new platform investment in LANDESK.