Sidley, Kirkland Guide Clearlake, Blackstone on Diligent Deal

Sidley Austin represented Clearlake Capital Group L.P. and Kirkland & Ellis advised Blackstone on the companies’ investment in Diligent Corporation, a corporate governance software maker, according to the firms.

Willkie Farr & Gallagher advised Diligent on the investment, for which the companies did not disclose an amount.

Diligent’s software-as-a-service suite enables boards, committees, and leadership teams to securely manage collaboration, communication, and meetings. Its client base of over 19,000 is up more than four-fold since 2016, when its biggest investor, Insight Partners, took the company private, according to the company.

Behdad Eghbali, co-founder and managing partner at Clearlake, said Diligent ...