Chelsea owners, Clearlake Capital, have announced the sale of risk management software company Archer Technologies after two years under the their guidance.
As part of the private equity firm's business plan, Clearlake and Symphony Technology Group (STG) - who purchased Archer in 2020 - have now moved on from the intergrated risk management (IRM) cloud software, confirming their sale to Europe centred private equity firm, Cinven.
Clearlake, founded by Behdad Eghbali and Jose E Feliciano, purchased Chelsea in a massive takeover in May 2022 following sanctions placed upon previous owner Roman Abramovich. They have had a tough first year overseeing the footballing operations, spending over £600million ($770million) on transfers, sacking two permanent managers and seeing results lead to historically poor 12th place league finish.
