Clearlake Capital Group Buys Springs Window Fashions from AEA and British Columbia Investment Management Corporation

Posted on 07/30/2021

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies.

Clearlake Capital Group acquired Springs Window Fashions, a major provider of custom window covering products. The sellers are AEA Investors LP (AEA) and British Columbia Investment Management Corporation (BCI). Headquartered in Middleton, Wisconsin, Springs Window Fashions has a suite of brands including Graber, Horizons, Bali, Mecho and SWFcontract are sold throughout various residential and commercial channels.

AEA and BCI acquired Springs in 2018. Additionally, AEA and BCI supported Springs’ global expansion with its acquisition of B&C International, based in The Netherlands, which took place earlier this year.

Deutsche Bank Securities Inc. is acting as lead financial advisor to the company. BofA Securities is also acting as financial advisor to the company. J.P. Morgan provided committed debt financing to Clearlake in support of the transaction.

The acquisition is subject to customary regulatory approvals and is expected to close in the third quarter of 2021.

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