Hellman & Friedman and Permira Consortium Completes Acquisition of Zendesk

Zendesk Terminates Acquisition of Momentive

February 25, 2022

Software

Zendesk, Inc. terminated its Agreement and Plan of Merger to acquire Momentive Global Inc. in an all-stock transaction after it did not receive approval from its stockholders to issue the required shares at the special stockholder meeting on February 25, 2022. The deal was originally announced as a definitive agreement entered in October 2021, subject to stockholder and other customary closing conditions.

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.

Permira Completes Acquisition of Squarespace

October 17, 2024

Software

Permira completed its all-cash acquisition of Squarespace, taking the website-building platform private. The transaction followed Permira increasing its offer to $46.50 per share (about $7.2 billion transaction value), with Squarespace founder Anthony Casalena rolling over a substantial majority of his equity.

Hellman & Friedman and Bain Capital Acquire athenahealth for $17 Billion

February 15, 2022

Cloud & SaaS

Affiliates of Hellman & Friedman and Bain Capital completed the $17 billion acquisition of athenahealth from Veritas Capital and Evergreen Coast Capital. The deal brings in additional coinvestors (including an affiliate of GIC and a subsidiary of ADIA) while Veritas and Evergreen each retain minority investments as the buyers look to scale athenahealth's cloud-based healthcare SaaS platform.

Hellman & Friedman and EQT-backed Zorro Bidco announce takeover offer for zooplus AG

October 25, 2021

E-Commerce

Hellman & Friedman, with financing support from EQT Private Equity, is backing Zorro Bidco S.à r.l.'s voluntary public takeover offer for all outstanding shares of zooplus AG, with a final increased cash offer of EUR 480 per share. The zooplus management and supervisory boards have recommended the offer; the transaction is subject to a minimum acceptance threshold and regulatory clearances and is intended to enable long-term investment and potential delisting.

Hellman & Friedman Acquires Majority Stake in Enverus from Genstar Capital

April 13, 2021

Cloud & SaaS

Hellman & Friedman (H&F) has acquired a majority ownership stake in Enverus from Genstar Capital, with Genstar remaining a significant minority shareholder. The transaction values Enverus at $4.25 billion including assumed debt and is intended to accelerate Enverus' growth in SaaS, predictive analytics, AI/ML and expansion into renewable energy, power and ESG capabilities.