Clearlake sells Brightly Software for $1.875bn

The buyer was Siemens AG.

  • Clearlake acquired Brightly in June 2019
  • William Blair & Company LLC and SVB Securities LLC acted as lead financial advisors to Brightly while Sidley Austin LLP provided legal counsel to Brightly and Clearlake
  • Clearlake currently has over $72 billion of assets under management

Clearlake Capital Group has sold Cary, North Carolina-based Brightly Software Inc, a provider of cloud-based enterprise asset management and facility operations management, for $1.875

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