Clearlake Capital Group and TA Associates are to acquire Precisely, a specialist in data integrity.
Josh Rogers, CEO of Precisely, will continue to lead the Company supported by the existing management team. Upon closing of the transaction, Clearlake and TA Associates will become majority shareholders in Precisely. Centerbridge Partners, the current majority shareholder in Precisely, will retain a minority equity stake. Terms of the transaction were not disclosed.
“With global spending on digital transformation expected to reach USD2.3 trillion by 2023, Precisely is well positioned to generate rapid growth. Organisations around the world are increasingly focused on their ability to make confident business decisions from a foundation of trusted data, with maximum accuracy, consistency and context. This creates a unique opportunity for Precisely to be their provider of choice,” says Rogers.
Source: Private Equity Wire
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