Hellman & Friedman- and Permira-led Consortium Acquires Zendesk

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 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.

Permira Acquires Squarespace

October 17, 2024

Cloud & SaaS

Permira has completed an all-cash acquisition of Squarespace, valuing the website-building and SMB-focused SaaS platform at approximately $7.2 billion and taking the company private. Squarespace founder and CEO Anthony Casalena rolled over a substantial majority of his equity and will remain CEO and chairman, while existing investors Accel and General Atlantic remain meaningful shareholders.

Advent- and Permira-led Investor Group Acquires McAfee

November 8, 2021

Cybersecurity

An investor group led by Advent International and Permira, with Crosspoint Capital, CPP Investments, GIC and ADIA, has acquired McAfee Corp. for $26.00 per share in an all-cash take-private transaction valued at over $14 billion enterprise value. The deal, which values McAfee at roughly $12 billion equity value, will position the company to focus on expanding its consumer cybersecurity offerings with private capital and operational support.

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.

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.