Hellman & Friedman (with TPG) Acquires Checkmarx for $1.15B

Hellman & Friedman-led Investor Group to Acquire Ultimate Software

February 4, 2019

Cloud & SaaS

An investor group led by Hellman & Friedman, with participation from Blackstone, GIC, Canada Pension Plan Investment Board (CPPIB), and JMI Equity, agreed to acquire Ultimate Software in an all-cash transaction valuing the company at approximately $11 billion. Ultimate Software, a cloud-based human capital management (HCM) software provider headquartered in Weston, Florida, will become privately held and continue to operate under CEO Scott Scherr with plans for further product and service investment.

Hellman & Friedman Takes 7.5% Stake in Splunk

March 4, 2022

Data & Analytics

Hellman & Friedman Capital Partners X, L.P. purchased approximately $1.38 billion of Splunk common stock (11.9 million shares), representing roughly 7.5% of outstanding shares and making HFCP X the largest active shareholder. The investment is a strategic minority stake intended to support management — including new CEO Gary — and help drive value creation for all shareholders.

Hellman & Friedman to Acquire The NPD Group

October 19, 2021

Data & Analytics

Hellman & Friedman has entered into an exclusive agreement to acquire The NPD Group, a global market information and analytics provider. NPD Executive Chairman Tod Johnson and CEO Karyn Schoenbart will retain a minority stake and remain on the board as H&F partners with management to accelerate product, data and platform growth.

Hellman & Friedman Acquires Majority Stake in Safe-Guard Products International

July 15, 2024

Insurance

Hellman & Friedman has closed a majority investment in Safe-Guard Products International, a leading provider of third-party private-label finance and insurance protection products for the automotive, RV, marine, and powersports markets. Stone Point Capital will remain a partner on the board, and Safe-Guard’s management team will continue to lead the business with Randy Barkowitz named Executive Chairman and David Pryor assuming the role of CEO.

Hellman & Friedman- and Permira-led Consortium Acquires Zendesk

November 22, 2022

Software

An investor group led by Hellman & Friedman and Permira, with participation from a wholly-owned Abu Dhabi Investment Authority subsidiary and GIC, completed an all-cash acquisition of Zendesk for approximately $10.2 billion ($77.50 per share). Zendesk will become a privately held company, remain headquartered in San Francisco, and continue to operate its customer-experience SaaS business serving over 100,000 brands and more than 6,000 employees worldwide.

Hellman & Friedman and Dragoneer Make Minority Investment in PointClickCare

January 7, 2021

Cloud & SaaS

PointClickCare Technologies, a Mississauga-based leader in cloud-based healthcare software for long-term and post-acute care, has received a minority strategic investment from affiliates of Hellman & Friedman and an increased investment from Dragoneer Investment Group. The financing will support expansion of PointClickCare's product offerings and accelerate growth; JMI Equity, an existing investor, participated in or sold a portion of its stake as part of the transaction.