Clearlake Portfolio Company Janus International to List on New York Stock Exchange through Business Combination with Juniper Industrial Holdings maryvilleforum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maryvilleforum.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
Dec 22 (Reuters) - Metal windows and doors maker Janus International Group LLC, backed by private equity firm Clearlake Capital, said on Tuesday it is merging with a blank-check company Juniper Industrial Holdings Inc.
The combined entity will be valued at $1.9 billion including debt, and will list on the NYSE after close of the deal.
Juniper, a special purpose acquisition company (SPAC) had raised $345 million in its initial public offering in 2019.
A SPAC is a shell company which raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger.
Clearlake’s Janus Goes Public Through Merger
Clearlake Capital Group L.P.-backed
Janus International Group LLC has agreed to merge with
Juniper Industrial Holdings Inc. through Janus’ parent company
Janus Midco LLC. The deal sees Janus become a publicly-listed company on the New York Stock Exchange.
Janus provides industrial building products, self-storage and access control technology. “We are enthusiastic about Janus’s future prospects and believe the company will be able to accelerate its compelling growth plans as a public company,” says Janus chairman and Clearlake managing partner
Jose Feliciano. “Janus has an unparalleled position in the products and technologies it offers to the self-storage and industrial sectors, which are experiencing significant tailwinds.” Investment firm Clearlake focuses on growing companies in the industrials, technology, and consumer sectors. Juniper is a public company focusing on merging with businesses in the industrials se
Shanghai Wanye Acquires Compart from Platinum
Shanghai Wanye Enterprises Co. Ltd. has bought
Compart Systems Pte Ltd. from
Platinum Equity for around $398 million.
Real estate developer Shanghai Wanye focuses on investments in the industrial flow control sector. Singapore-based Compart is a parts manufacturer with plants in China and Malaysia. Platinum invests in middle market companies in the manufacturing, distribution, transportation, media and entertainment, technology and telecommunications industries. “We transformed Compart from a traditional manufacturing business into a technology-driven solutions provider that is now much more valuable to its multi-national customers in need of high-quality manufacturing partners in Asia,” says Platinum managing director