Clearlake Acquires Endurance and Makes Strategic Investment in Web.com to Form Newfold Digital
January 5, 2021
Clearlake Capital completed an all-cash acquisition of Endurance International Group and made a strategic investment in Web.com (with Siris remaining a significant equityholder), combining Endurance Web Presence and Web.com to form Newfold Digital. The combined business (Newfold Digital) will be a leading SMB-focused web presence platform serving roughly 6.7 million customers globally; financial terms for the Web.com investment were not disclosed and the Endurance transaction was valued at approximately $3.0 billion including debt.
- Buyers
- Clearlake Capital Group, L.P., Siris Capital Group, LLC
- Targets
- Endurance International Group Holdings, Inc., Web.com Group, Inc., Constant Contact
- Sellers
- Endurance International Group stockholders
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Transaction Type
- Buyout
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