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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/01/22 Clarivate Plc 8-K:7,9 10/31/22 12:242K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 31K 2: EX-99.1 Miscellaneous Exhibit HTML 11K 7: R1 Cover HTML 50K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- tm2229281d1_8k_htm XML 19K 9: EXCEL IDEA Workbook of Financial Reports XLSX 8K 4: EX-101.DEF XBRL Definitions -- clvt-20221031_def XML 74K 5: EX-101.LAB XBRL Labels -- clvt-20221031_lab XML 103K 6: EX-101.PRE XBRL Presentations -- clvt-20221031_pre XML 71K 3: EX-101.SCH XBRL Schema -- clvt-20221031 XSD 13K 11: JSON XBRL Instance as JSON Data -- MetaLinks 27± 35K 12: ZIP XBRL Zipped Folder -- 0001104659-22-113181-xbrl Zip 23K
Exhibit 99.1
Clarivate Successfully Completes Divestiture
of MarkMonitor to Newfold Digital
London, U.K., November 1, 2022 – Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation today announced that it has successfully completed the divestiture of MarkMonitor™, an industry-leading enterprise-level provider of domain management solutions, to Newfold Digital (“Newfold”), a leading web and commerce technology provider backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”) and Siris Capital Group, LLC (“Siris”). Previously, Clarivate announced on September 12, 2022, its intent to divest MarkMonitor to Newfold.
Divesting MarkMonitor helps Clarivate focus on investing in its core intellectual property portfolio, including IP lifecycle management and IP intelligence. Clarivate expects to use the net cash proceeds it receives from the $302.5 million sale price, $10.6 million of which is expected to be received after completing deferred closings in certain foreign jurisdictions, to reduce its outstanding debt.
Evercore acted as financial advisor and Blank Rome LLP acted as legal advisor to Clarivate. Sidley Austin LLP acted as legal adviser and RBC Capital Markets and J.P. Morgan Securities LLC acted as financial advisors to Newfold, with BNP PARIBAS, Deutsche Bank, Mizuho and UBS Investment Bank also providing advice.
# # #
About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the pace of innovation. Our bold mission is to help customers
solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas
to life-changing inventions in the areas of Academia & Government, Life Sciences & Healthcare, Professional Services and Consumer
Goods, Manufacturing & Technology. We help customers discover, protect and commercialize their inventions using our trusted subscription
and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.
About Newfold Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers globally. Established in 2021
through the combination of leading web services providers Endurance Web Presence and Web.com Group, our portfolio of brands includes:
Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We help customers of all sizes build a digital
presence that delivers results. With our extensive product offerings and personalized support, we take pride in collaborating with our
customers to serve their online presence needs. Learn more about Newfold Digital at Newfold.com.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit
and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term
capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core
target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its
senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in
Dallas, TX, London, UK and Dublin. More information is available at www.clearlake.com and on Twitter @Clearlake.
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About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical
products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify
opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive
Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle
to help identify opportunities and drive strategic and operational value. Siris is based in New York and West Palm Beach, and has raised
nearly $6 billion in cumulative capital commitments. www.siris.com.
Newfold contact details
Media Contact
Nicole Cassis, Vice President-Communications
Nicole.cassis@newfold.com
Clarivate contact details
Media Contact
Amy Bourke Waite, Snr Director, Corporate Communications
newsroom@clarivate.com
Investor Relations Contact
Mark Donohue, Head of Investor Relations
mark.donohue@clarivate.com
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| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| Filed on: | 11/1/22 | |||
| For Period end: | 10/31/22 | |||
| 9/12/22 | 8-K | |||
| List all Filings | ||||