Clearlake Capital Group L.P. announced Jan. 5 it agreed to make a strategic investment in Web.com Group Inc., which was acquired by a different private equity firm in October 2018.
Siris Capital Group LLC bought Jacksonville-based Web.com in 2018 for $2 billion, including the assumption of debt.
Clearlake said in a news release Siris will remain “significant equity” holders in the company.
It did not give details about how much of the company will be owned by each of the two private equity firms.
Santa Monica, California-based Clearlake also did not say how much money it is investing in the company.
Web.com, which provides website development and marketing services for businesses, was publicly traded before the Siris buyout.
Siris brought in new management to run the company after the acquisition.