Clearview Capital Completes 100th Hotel Acquisition

Clearview Capital acquires, renovates, and manages hotels in urban and unique settings. Their projects encompass value-added renovations, ground-up development, and adaptive reuse strategies.

Clearview Capital Fund V closed at $850 million with investors including endowments, foundations, pension funds, family offices, and funds of funds.

Investing

Clearview Capital, LLC specializes in investing in various real estate investment types, including value-added renovations, ground-up development, and adaptive reuse projects. Their team of seasoned investment professionals oversees every facet of their investment process from beginning to end.

ClearView Investment Partners’ primary investment focus is acquiring and recapitalizing lower middle market companies with annual operating profits between $4 – $20 Million in North America. Their firm has extensive experience executing transactions to build value within portfolio companies.

Koley Jessen represents Clearview Capital, a private investment firm focused on acquiring and recapitalizing lower middle market companies in North America, in its investment in Capitol Services – an outsourced legal and compliance services business specialized in legal compliance services outsourcing. The transaction was funded with equity co-investments from Northstar Mezzanine Partners VIII LP and debt funding provided by Clearview Capital Fund IV L.P. This 2018 vintage buyout fund targets the commercial services sector across the United States.

Clearview Capital Fund IV investors include Adams Street Partners, AlpInvest Partners, Bregal Partners, Crane Investment Company, GE Ventures, KKR, LGT Capital Partners, the State of Wisconsin Investment Board, and William and Flora Hewlett Foundation. It is based in Stamford, Connecticut.

Discover more about Clearview Capital by exploring their profile on Mergr. The overview page is publicly accessible, revealing their investments and recent deals. it saves you time by alerting you whenever companies you follow acquire or sell themselves – find out more by requesting access here!

Development

Clearview’s in-house development arm oversees the pre-development and final vertical construction of new assets. By handling this process internally, they can maximize value creation while limiting third-party fees.

Clearview Capital Fund IV, LP (“Fund IV”) has recapitalized Inventive Group and Affiliates (In the Ditch Towing Products(tm), Razorback Offroad(tm), Fish Fighter Products(r) and Inventive Products(tm). Based out of Boothwyn, Pennsylvania, Inventive designs, develops, manufactures, and supplies products for towing, fishing, and ATV/UTV end markets. They remain led by their founder, Chuck Ceccarelli, who holds an equity stake in their recapitalized company.

Clearview Capital engages in various hotel transactions, from direct investments in value-added renovations, ground-up development, and adaptive reuse projects to direct investments in value-added renovations and ground-up stories. They pursue properties and partnerships within U.S. markets that benefit from committed ownership, advantageous locations, defensible business models, and long-term growth prospects. Currently, they are actively involved with the acquisition and repositioning of an Arizona State University-adjacent 70-room historic hotel into an independent luxury boutique hotel complete with the brewery, rooftop bar, and rooftop bar scheduled for completion in early 2023.

Construction

Clearview Capital successfully closed its Clearview Capital Fund V at its hard cap of $850 million with support from existing investors and several new blue chip institutional limited partners. Lazard Freres & Co LLC and Kirkland & Ellis LLP were advisors to this control-oriented private equity fund that invests in lower middle market companies with $4 million to $20 million of EBITDA.

ClearView acquired a majority stake in Derby Building Products, an innovative designer, manufacturer, and distributor of composite exterior building materials specializing in commercial and residential construction applications. Based in Quebec City, Canada.

Clearview also acquired a minority interest in 1875 E University Owner LLC, which owns and operates Tempest Hotel near the Arizona State University campus in Tempe. Clearview will partner with an Arizona hotel operator to transform this property into an upscale boutique hotel.

Clearview Development Group is a vertically integrated real estate development firm, managing investments from inception through every stage of development – site selection, entitlements review, predevelopment planning, construction completion, and stabilization to ongoing property management services. Their in-house construction capabilities help streamline the development process while creating maximum value without needing third-party consultants for assistance.

Operations

Clearview Capital of Old Greenwich, Connecticut, recently accomplished an outstanding milestone: they successfully closed their 100th acquisition! That is quite an achievement when considering today’s low-interest rates, capital overhang, and economic expansion. Private equity firms nationwide are active, while the lower middle market is flourishing.

Clearview has built its reputation on working closely with management teams to drive growth by offering targeted strategic and operational assistance and financing options to fuel organic and acquisition-driven initiatives. Their proven track record of building strong companies with defensible business models has resulted in multiple liquidity events and long-term success for investors.

Clearview’s investment in EN Engineering led to its sale to a public company for an astounding $600 million – creating significant liquidity events for existing management team members and investors and showing how an equity transaction can correctly generate value for all involved parties.

Recently, Clearview Capital Fund IV and its affiliates (Fund IV) made a new platform investment in Capitol Services, an outsourced legal and compliance services provider powered by technology. Working closely with its founders and management, Capitol Services provides registered agents, corporate lien search filing, and other services for law firms and corporations.

Clearview Capital Fund V and its affiliates (Fund V) recently made a platform investment in Ambient Weather LLC, a provider of weather stations and environmental monitoring instruments. This acquisition represents a follow-on investment to Purchase Green, a premium quality synthetic turf distributor. Alston & Bird was proud to represent Clearview in these transactions with an array of legal talent: partner Sarah Ernst and associates Jasmine Johnson, Rebecca Kennedy, Amy Pleasance, and Mona Xia (Health Care); counsel Stacie Cargill along with associates Daniel Nisenson and Genta Iwasaki from Corporate & Business Transactions; partner Scott Harty with associate Seth Buchwald representing Financial Institutions; senior associate Mary Grace Gallagher representing Intellectual Property rights and Rick Pilch for Real Estate & REITs).