Thu. 11 Apr 2024, 12:28pm ET
Benzinga
M&A
Clearlake Capital Group LP is exploring a renewed effort to take Blackbaud Inc. private, according to people with knowledge of the matter, roughly a year after its last approach was rebuffed by the cloud software provider.
The investment firm is talking to potential advisers about making a fresh offer to Blackbaud's board, the people said, asking not to be identified discussing confidential information. Clearlake already owns about 18.9% of Blackbaud's outstanding stock, accord