LONDON, Nov. 1, 2022 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a world chief in offering trusted info and insights to speed up the tempo of innovation immediately introduced that it has efficiently accomplished the divestiture of MarkMonitor™, an industry-leading enterprise-level supplier of area administration options, to Newfold Digital (“Newfold”), a number one net and commerce know-how supplier backed by associates of Clearlake Capital Group, L.P. (“Clearlake“) and Siris Capital Group, LLC (“Siris”). Previously, Clarivate introduced on September 12, 2022, its intent to divest MarkMonitor to Newfold.
Divesting MarkMonitor helps Clarivate concentrate on investing in its core mental property portfolio, together with IP lifecycle administration and IP intelligence. Clarivate expects to use the online money proceeds it receives from the $302.5 million sale worth, $10.6 million of which is anticipated to be acquired after finishing deferred closings in sure overseas jurisdictions, to cut back its excellent debt.
Evercore acted as monetary advisor and Blank Rome LLP acted as authorized advisor to Clarivate. Sidley Austin LLP acted as authorized adviser and RBC Capital Markets and J.P. Morgan Securities LLC acted as monetary advisors to Newfold, with BNP PARIBAS, Deutsche Bank, Mizuho and UBS Investment Bank additionally offering recommendation.
About Clarivate
Clarivate™ is a world chief in offering options to speed up the tempo of innovation. Our daring mission is to assist prospects remedy some of the world’s most complicated issues by offering actionable info and insights that cut back the time from new concepts to life-changing innovations within the areas of Academia & Government, Life Sciences & Healthcare, Professional Services and Consumer Goods, Manufacturing & Technology. We assist prospects uncover, defend and commercialize their innovations utilizing our trusted subscription and technology-based options coupled with deep area experience. For extra info, please go to clarivate.com.
About Newfold Digital
Newfold Digital is a number one net and commerce know-how firm serving practically 7 million prospects globally. Established in 2021 by way of the mixture of main net companies suppliers Endurance Web Presence and Web.com Group, our portfolio of manufacturers contains: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and lots of others. We assist prospects of all sizes construct a digital presence that delivers outcomes. With our intensive product choices and customized help, we take delight in collaborating with our prospects to serve their on-line presence wants. Learn extra about Newfold Digital at Newfold.com.
About Clearlake
Clearlake Capital Group, L.P. is an funding agency based in 2006 working built-in companies throughout non-public fairness, credit score and different associated methods. With a sector-focused method, the agency seeks to accomplice with administration groups by offering affected person, long-term capital to companies that may profit from Clearlake’s operational enchancment method, O.P.S.® The agency’s core goal sectors are know-how, industrials, and shopper. Clearlake presently has over $70 billion of property underneath administration, and its senior funding principals have led or co-led over 400 investments. The agency is headquartered in Santa Monica, CA with associates in Dallas, TX, London, UK and Dublin. More info is on the market at www.clearlake.com and on Twitter @Clearlake.
About Siris
Siris is a number one non-public fairness agency that invests primarily in mature know-how and telecommunications firms with mission-critical services, dealing with {industry} modifications or different vital transitions. Siris’ improvement of proprietary analysis to determine alternatives and its intensive collaboration with its Executive Partners and Advisors are integral to its method. Siris’ Executive Partners and Advisors are skilled senior working executives that actively take part in key facets of the transaction lifecycle to assist determine alternatives and drive strategic and operational worth. Siris relies in New York and West Palm Beach, and has raised practically $6 billion in cumulative capital commitments. www.siris.com.
Newfold contact particulars
Media Contact
Nicole Cassis, Vice President-Communications
[email protected]
Clarivate contact particulars
Media Contact
Amy Bourke Waite, Snr Director, Corporate Communications
[email protected]
Investor Relations Contact
Mark Donohue, Head of Investor Relations
[email protected]
Logo – https://mma.prnewswire.com/media/1159266/Clarivate_Logo.jpg
View authentic content material:https://www.prnewswire.co.uk/news-releases/clarivate-successfully-completes-divestiture-of-markmonitor-to-newfold-digital-301664174.html
