Stradling advised Avinew
, the InsurTech company focused on insurance for self-driving cars and similar vehicles, in raising $5 million in seed funding.
On July 6, 2017, Clearlake Capital Group, L.P. announced that it has entered into a definitive agreement to merge enterprise software providers Syncsort Inc. and Vision Solutions, two companies acquired by Clearlake in 2015 and 2016 respectively, along with the sale of a significant ownership position of the combined company to Centerbridge Partners, L.P., a private investment management firm. Pursuant to the agreement, Clearlake will retain a meaningful ownership stake in the company, which will operate under the Syncsort name. The $1.26 billion transaction is expected to close in the third quarter of 2017. Read the press release.