Clearlake weighing another bid for Blackbaud, Bloomberg reports

After being rebuffed last year, Clearlake Capital Group is exploring a renewed effort to take Blackbaud private, Ryan Gould, Dinesh Nair and Gillian Tan of Bloomberg report, citing people with knowledge of the matter. Clearlake, which already owns 18.9% of Blackbaud’s outstanding shares, is talking to potential advisers about making a fresh offer to the company’s board, sources told Bloomberg. Clearlake has not yet approached Blackbaud with a proposal, but has reached out to banks and direct lenders about financing packages that could support a potential takeover of the company, the people added. Shares of Blackbaud up 5%, or $3.58, to $76.46 following the report.