NAIC Members in the News
Clearlake Capital Completes Sale of Communications Lifecycle Management Solutions Provider
Clearlake Capital Group, L.P. announced that Calero Software, LLC, a leading provider of Communications Lifecycle Management (CLM) solutions, has been acquired by Riverside Partners. Financial terms were not disclosed. Calero is a leading provider of Communications Lifecycle Management (CLM) solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. Under Clearlakes ownership, Calero rapidly executed on an investment thesis to drive consolidation in the CLM market and establish the Company as a leading expense management software platform.
One Rock Affiliate to Acquire Leading Foam Producer
FXI, a leading foam producer, announced that it will be acquired by an affiliate of One Rock Capital Partners, LLC from Matlin Patterson Global Advisers LLC and Black Diamond Capital Management, L.L.C. Financial terms were not disclosed. The transaction is expected to close during the fourth quarter of 2017. Headquartered in Media, Pa., FXI is a leader in providing innovative foam solutions driven by consumer insights and state of the art research and development, and currently operates 18 facilities throughout the U.S. and Mexico. FXIs foam products are used in a variety of end markets including bedding, furniture, transportation, medical, filtration and acoustics.
The Wicks Group Completes Investment in Research and Analytics Firm
Screen Engine / ASI announced that The Wicks Group has completed a majority recapitalization of the company in partnership with CEO Kevin Goetz. The terms of the transaction were not disclosed. Based in Los Angeles, Screen Engine is a research and analytics firm focused on maximizing market potential while assessing risk for clients in the entertainment and media industries. Working with clients to better assess and manage opportunity and risk, the company focuses its approach across all distribution platforms, including domestic and international film, television, digital and mobile.