Hellman & Friedman

• Hellman & Friedman To Acquire Hyve Group Events Business From Providence and Searchlight

  June 3, 2026

  Buyer

  Hellman & Friedman

  Target

  Hyve Group

  Seller

  Providence Equity Partners, Searchlight Capital Partners

  Industry

  Media & Entertainment

  Location

  United Kingdom

  Type

  Buyout

  Hyve Group, a global B2B events company, announced that Hellman & Friedman has agreed to acquire its events business from Providence Equity Partners and Searchlight Capital Partners. The transaction is intended to accelerate Hyve’s next phase of growth, including expanding its international footprint, broadening product offerings, and pursuing acquisition-led expansion. The deal is expected to close by the end of the calendar year.

• Anthropic-Backed Enterprise JV Acquires Fractional AI

  May 20, 2026

  Buyer

  Anthropic, Blackstone, Hellman & Friedman

  Target

  Fractional AI

  Industry

  AI & Machine Learning

  Location

  California, United States

  Type

  Buyout

  Anthropic’s Blackstone- and Hellman & Friedman-backed enterprise services joint venture acquired Fractional AI, an applied AI implementation firm based in San Francisco. The acquisition provides the new (as-yet-unnamed) venture with Fractional’s delivery team to help midsize businesses deploy Anthropic’s Claude into core operations.

• Baker Tilly and Moss Adams to Combine in Strategic Merger Backed by Hellman & Friedman

  April 21, 2025

  Buyer

  Baker Tilly, Moss Adams, Hellman & Friedman, Valeas Capital Partners

  Target

  Moss Adams, Baker Tilly

  Industry

  Accounting & Tax

  Location

  United States

  Type

  Buyout

  Baker Tilly and Moss Adams announced a planned combination to create a larger advisory and accounting firm, expected to close in early June 2025. Hellman & Friedman will make an additional strategic investment post-close, with Valeas Capital Partners also increasing its investment.

• Mehiläinen Acquires Regina Maria and MediGroup from MidEuropa; Hellman & Friedman Joins as Shareholder

  April 1, 2025

  Buyer

  Mehiläinen, Hellman & Friedman, CVC

  Target

  Regina Maria, MediGroup

  Seller

  MidEuropa

  Industry

  Healthcare Services

  Location

  Romania

  Type

  Buyout

  Mehiläinen has agreed to acquire Romanian healthcare leader Regina Maria and Serbia's MediGroup from private equity firm MidEuropa. In conjunction with the acquisitions Hellman & Friedman will join CVC as a major investor in Mehiläinen to support the group's international expansion and digital health growth.

• AutoScout24 Acquires TRADER Corporation from Thoma Bravo

  August 16, 2024

  Buyer

  AutoScout24, Hellman & Friedman

  Target

  TRADER Corporation

  Seller

  Thoma Bravo

  Industry

  E-Commerce

  Location

  Ontario, Canada

  Type

  Buyout

  AutoScout24 has signed an agreement to acquire TRADER Corporation (TRADER Canada) from Thoma Bravo, with funds affiliated with existing majority shareholder Hellman & Friedman making an incremental equity investment in AutoScout24. The acquisition expands AutoScout24's presence into Canada and adds TRADER's leading marketplaces (AutoTrader.ca, AutoHebdo.net), dealer software (AutoSync), lender portal (DealerTrack) and collateral management services to its product set.

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

  July 15, 2024

  Buyer

  Hellman & Friedman

  Target

  Safe-Guard Products International, LLC

  Industry

  Insurance

  Location

  Georgia, United States

  Type

  Buyout

  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 Valeas Capital Partners Invest in Baker Tilly US

  February 5, 2024

  Buyer

  Hellman & Friedman, Valeas Capital Partners

  Target

  Baker Tilly US, LLP

  Industry

  Accounting & Tax

  Location

  Illinois, United States

  Type

  Growth capital

  Private equity firms Hellman & Friedman and Valeas Capital Partners are making a strategic investment in advisory CPA firm Baker Tilly US, LLP. The minority growth investment (expected to close in early June 2024) will recapitalize the firm, restructure it into two entities, and provide capital to accelerate growth through talent, technology and further strategic acquisitions.

• Hellman & Friedman and Permira Consortium Completes Acquisition of Zendesk

  November 22, 2022

  Buyer

  Hellman & Friedman, Permira, Abu Dhabi Investment Authority (ADIA), GIC

  Target

  Zendesk, Inc.

  Industry

  Cloud & SaaS

  Location

  California, United States

  Type

  Buyout

  Zendesk, Inc. completed its acquisition by an investor group led by Hellman & Friedman and Permira in an all-cash transaction valued at about $10.2 billion. Zendesk shareholders received $77.50 per share and Zendesk will operate as a privately held company headquartered in San Francisco.

• Hellman & Friedman Acquires Majority Stake in IRI and Merges IRI with NPD

  April 7, 2022

  Buyer

  Hellman & Friedman, Vestar Capital Partners, New Mountain Capital

  Target

  Information Resources, Inc., The NPD Group

  Industry

  Data & Analytics

  Location

  Illinois, United States

  Type

  Buyout

  Information Resources, Inc. (IRI) and The NPD Group (NPD) announced a definitive agreement to merge, creating a leading global technology, analytics and data provider focused on total retail purchasing and consumption trends. Hellman & Friedman (H&F) will acquire a majority stake in IRI and merge IRI with H&F portfolio company NPD; the merger was later completed.

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

  February 15, 2022

  Buyer

  Hellman & Friedman, Bain Capital Private Equity, Bain Capital Tech Opportunities, GIC (affiliate), Abu Dhabi Investment Authority (ADIA)

  Target

  athenahealth, Inc.

  Seller

  Veritas Capital, Evergreen Coast Capital (affiliate of Elliott Investment Management)

  Industry

  Cloud & SaaS

  Location

  Massachusetts, United States

  Type

  Buyout

  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.

• Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

  February 8, 2022

  Buyer

  Vantage Group Holdings Ltd., Carlyle, Hellman & Friedman

  Target

  Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company)

  Seller

  Union Fidelity Life Insurance Company (UFLIC)

  Industry

  Insurance

  Location

  United States

  Type

  Addon

  Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.

• Hellman & Friedman, GIC and BlackRock PE Partners Buy 39% Stake in Belron from CD&R Fund X; CD&R Creates SPV for Remaining Stake

  December 17, 2021

  Buyer

  Hellman & Friedman, GIC, BlackRock Private Equity Partners, CD&R Value Building Partners I, L.P. (CD&R-managed SPV)

  Target

  Belron

  Seller

  Clayton, Dubilier & Rice Fund X

  Industry

  Automotive

  Location

  Surrey, United Kingdom

  Type

  Divestiture

  Clayton, Dubilier & Rice Fund X sold its investment in Belron in a two-part transaction that values Belron at €21 billion. Approximately 39% of CD&R Fund X's stake was sold to funds managed by **Hellman & Friedman**, **GIC**, and **BlackRock Private Equity Partners**, while the remaining 61% was transferred into a CD&R‑managed SPV (CD&R Value Building Partners I, L.P.) to continue CD&R's partnership with Belron.

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