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Clearlake Completes Acquisition of Endurance International Group and Strategic Investment Transactions With Web.com and Affiliates of Siris; Announces Formation of Newfold Digital

BURLINGTON, Mass. and JACKSONVILLE, Fla. and SANTA MONICA, Calif. and NEW YORK, Feb. 10, 2021 /PRNewswire/ — Clearlake Capital Group, L.P. (along with its associates, “Clearlake”) in the present day introduced the completion of its acquisition of Endurance International Group Holdings, Inc. (“Endurance”) in an all-cash transaction valued at roughly $3.0 billion together with excellent indebtedness.

The transaction, which was initially introduced on November 2, 2020, was accepted by Endurance’s stockholders on January 14, 2021. In reference to the closing of the transaction, Endurance might be delisted from NASDAQ.

COMBINATION OF ENDURANCE WEB PRESENCE WITH WEB.COM TO FORM NEWFOLD DIGITAL

In partnership with Siris Capital Group, LLC (“Siris”), Clearlake additionally introduced the formation of Newfold Digital by means of the mixture of Endurance Web Presence and Web.com Group, Inc. (“Web”).  Newfold Digital might be led by Web CEO and President Sharon Rowlands and Web CFO Christina Clohecy.

Endurance Web Presence is a number one supplier of website hosting and area title registration options primarily by means of its Bluehost, HostGator and Domain.com manufacturers.  Web is a number one supplier of area title registration and web site constructing options primarily by means of its Network Solutions, Register.com, Web.com and LoopyDomains manufacturers.  The mixed enterprise, Newfold Digital, might be a number one SMB-focused internet presence options supplier serving roughly 6.7 million prospects globally.

“This mixture creates an business chief with large scale and a robust portfolio of marquee manufacturers and product choices that furthers our dedication to serving to SMBs set up themselves on-line,” mentioned Sharon Rowlands, CEO of Newfold Digital.  “We are excited to hitch forces with the Endurance Web Presence workforce and need to thank Clearlake and Siris for his or her continued help as we ship the very best high quality options for our prospects in pursuit of worthwhile development.”

“We are excited to be partnering with Sharon to create a number one internet presence platform that may profit from important economies of scale to drive development in a pretty market,” mentioned Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner of Clearlake.  “We look ahead to using our O.P.S.® framework to unlock the inherent worth of the mixed companies and place Newfold Digital for fulfillment by means of natural and M&A initiatives.”

“Sharon and your entire Web workforce have completed an unbelievable job establishing the corporate as a market-leading internet expertise enterprise,” mentioned Frank Baker, Co-Founder of Siris.  “This transaction acknowledges Web’s sturdy execution and we count on it should unlock new alternatives for worthwhile development,” added Tyler Sipprelle, Managing Director of Siris.

RECAPITALIZATION OF CONSTANT CONTACT

Affiliates of Clearlake and Siris additionally accomplished a strategic fairness funding in Constant Contact, beforehand owned by Endurance, which is able to now function as an impartial firm.  Constant Contact is a number one supplier of cloud-based digital advertising and marketing software program for small companies, and the brand new funding will help Constant Contact’s accelerated development within the dynamic digital advertising and marketing area. 

ADVISORS

Rothschild & Co and Lazard acted as monetary advisors to Clearlake.

Lazard and Evercore served as monetary advisors to Siris on the sale of Web.com.  Moelis & Company LLC served as monetary advisor to Siris on the funding in Constant Contact. 

Sidley Austin LLP is serving as company/M&A counsel and Kirkland & Ellis LLP as financing counsel for the transaction.

About Newfold Digital
Newfold Digital is a number one internet expertise firm serving practically seven million prospects globally. Established in 2021 by means of the mixture of main internet providers suppliers Endurance Web Presence and Web.com Group, our portfolio of manufacturers consists of: Bluehost, LoopyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We assist prospects of all sizes construct a digital presence that delivers outcomes. With our in depth product choices and customized help, we take delight in collaborating with our prospects to serve their on-line presence wants. Learn extra at www.newfold-digital.com.

About Clearlake
Clearlake Capital Group, L.P. is a number one funding agency based in 2006 working built-in companies throughout personal fairness, credit score and different associated methods. With a sector-focused strategy, the agency seeks to associate with world-class administration groups by offering affected person, long-term capital to dynamic companies that may profit from Clearlake’s operational enchancment strategy, O.P.S.® The agency’s core goal sectors are expertise, industrials and client. Clearlake presently has roughly $30 billion of property below administration and its senior funding principals have led or co-led over 200 investments. The agency has workplaces in Santa Monica and Dallas. More data is out there at www.clearlake.com and on Twitter @ClearlakeCap.

About Siris
Siris is a number one personal fairness agency that invests primarily in mature expertise and telecommunications firms with mission-critical merchandise and providers, dealing with business adjustments or different important transitions. Siris’ growth of proprietary analysis to establish alternatives and its in depth collaboration with its Executive Partners are integral to its strategy. Siris’ Executive Partners are skilled senior working executives that actively take part in key facets of the transaction lifecycle to assist establish alternatives and drive strategic and operational worth. Siris is predicated in New York and Silicon Valley and has raised practically $6 billion in cumulative capital commitments. www.siris.com.

This press launch incorporates forward-looking statements, together with with respect to the anticipated advantages of the transactions. Forward-looking statements could be typically recognized by the use of phrases reminiscent of “will,” “might,” “ought to,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “proceed” or related terminology. These statements replicate the events’ present expectations and will not be ensures of future efficiency or outcomes. These statements are topic to numerous dangers and uncertainties that might trigger precise outcomes to vary materially from these contained in, or implied by, the forward-looking statements. These dangers and uncertainties embody the businesses’ capability to acknowledge the anticipated advantages of the transaction and the danger that income alternatives, price financial savings, synergies and different anticipated advantages from the transaction is probably not absolutely realized or might take longer to comprehend than anticipated. These forward-looking statements converse solely as of the date on which the statements have been made. None of Siris, Clearlake, Newfold Digital, Web or Constant Contact undertakes any obligation to replace or revise publicly any forward-looking statements, whether or not consequently of new data, future occasions or in any other case.

Copyright 2021 Newfold Digital, Inc. All Rights Reserved. All Trademarks are property of their respective homeowners.

Media Contacts

For Newfold Digital:
Ricca Silverio 
Finn Partners
+1 415-348-2724
[email protected]  

For Clearlake:
Jennifer Hurson
Lambert & Co.
+1 845-507-0571
[email protected]

For Siris:
Dana Gorman
Abernathy MacGregor
+1 212-371-5999
[email protected] 

Blair Hennessy
Abernathy MacGregor
+1 212-371-5999
[email protected] 

SOURCE Clearlake Capital Group; Siris Capital Group

Related Links

http://www.clearlake.com

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