Sidley represented Clearlake Capital Group L.P. in its new lead investment in Diligent Corporation (Diligent) together with an investment from funds managed by Blackstone Tactical Opportunities (NYSE:BX). Diligent is a leading modern governance company used by nearly 700,000 board directors and leaders worldwide.
Since Insight Partners, Diligent’s largest investor, took the company private in February 2016, Diligent has scaled from 4,400 to more than 19,000 clients and transformed its product portfolio into an integrated suite of SaaS solutions that facilitates secure collaboration, communication, and meeting management for boards, committees, and leadership teams.
The deal team was led by Mehdi Khodadad and Mark Castiglia and included Christian Brause and Lena Qiu (Tax); James Lowe, Jamie Sadler, and Ken Daly (Antitrust); and Katherine Gomer (Private Equity).
