Jeff Clarke has joined Augusta Columbia Capital Group as an MD in the firm’s San Francisco office. Clarke is currently chairman of the board at both Travelport and Orbitz Worldwide. He is also an independent board member of Red Hat. Augusta Columbia is a middle market PE firm that focuses on growth and technology buyouts.
Augusta Columbia Capital Group LLC, a private equity firm specializing in middle market growth and technology company buyouts, announced today that Jeff Clarke has joined the firm as a Managing Partner in its San Francisco office.
Over the past 25 years, Mr. Clarke has served in senior leadership positions at a wide variety of global technology companies, including Travelport, CA Inc. (NASDAQ: CA), Hewlett-Packard (NYSE: HPQ) and Compaq. He currently is Chairman of the Board of Travelport, Chairman of the Board of Orbitz Worldwide (NYSE: OWW), and an independent Board member of Red Hat, Incorporated (NYSE: RHT).
Chip Schorr, Founder and Managing Partner of Augusta Columbia, commented, “We are thrilled to welcome Jeff to Augusta Columbia. He has broad executive experience and a proven track record operating blue-chip technology companies and achieving extraordinary results. His extensive M&A experience and expertise integrating technology acquisitions is aligned with the active value-creation approach we practice. We believe that our management teams will benefit from his extraordinary experience driving high performance organizations. With Jeff’s addition, we have an outstanding team of seasoned professionals with a valuable blend of operational and investment experience in technology. ”
Mr. Clarke commented, “I have worked closely with Chip over the last half decade at Travelport and am excited to join Augusta Columbia. I believe this firm has assembled a team with unmatched experience in technology and is targeting the most attractive market segment. There is an incredible opportunity to invest and create value in the dynamic mid-market sector of the technology industry.”
With the addition of Mr. Clarke, Augusta Columbia now consists of a core team of senior professionals who have worked together successfully before, including Chip Schorr, Jamie Urry, David ibnAle, Ron Collins, Mike Stephenson, and Clayton Albertson.
Mr. Clarke served as President and Chief Executive Officer of Travelport from 2006 until 2011. Prior to Travelport, he was the Chief Operating Officer of CA Inc. where he had responsibility for sales, services, business development, partnerships, alliances, finance and information technology. He previously was Executive Vice President of Global Operations at HP and Chief Financial Officer of Compaq Computer. Mr. Clarke played a key role in integrating the operations, financials and cultures of HP and Compaq, following the $19 billion merger of the two companies, and delivered over 2x the promised cost savings
meaningfully ahead of the publicly targeted schedule. He joined Compaq in 1998 following its acquisition of Digital where he was a senior executive.
Augusta Columbia Capital Group LLC
Augusta Columbia is an investment firm founded by the pioneers in control investments in growth and technology companies. The firm is composed of leading private equity professionals bringing world-class investing experience and process along with leading edge operating improvement capabilities to the middle market. The professionals of Augusta Columbia have invested over $10 billion of equity capital in technology buyouts and arranged over $40 billion of debt for these transactions. Augusta Columbia invests in companies where its financial and operational capabilities can drive and improve market leadership.