Hellman & Friedman to sell HR software firm Kronos – Reuters

Private equity firms Hellman & Friedman and JMI Equity are exploring a sale of human resources management software firm Kronos, which could be valued at more than $4 billion, writes Reuters. Kronos is in early stage talks with a small group of private equity firms, including KKR & Co LP, TPG Capital LP and Bain Capital LLC, about a potential deal, writes Reuters.


Bain could earn 4x on Applied Systems – source

Bain Capital LLC stands to make more than 4x its invested capital when it completes the sale of insurance software maker Applied Systems Inc in a secondary sale to Hellman & Friedman LLC, a person with knowledge of the transaction told Buyouts.

Deutsche Telekom nears Scout24 sale to Hellman & Friedman – Bloomberg

Deutsche Telekom is close to a deal to sell 70 percent of its online classified advertising business Scout24 to private equity firm Hellman & Friedman, Bloomberg reported. Citing unidentified sources, Bloomberg reported that the purchase would value the business, including debt, at about 2 billion euros ($2.71 billion) and that an announcement from the German telecoms firm could come this week.

Slideshow: A Look At How Mega-Funds Perform For CalSTRS

European powerhouse CVC Capital Partners takes the crown in this week’s battle of the U.S. and European mega-buyout houses, securing first place in our list of top 10 funds based on private equity performance figures from California State Teachers’ Retirement System. U.S. and European firms both account for five of the top-10 spots with The Blackstone Group coming in a close second place.

Reuters – H&F Goes Ahead with $4 billion Getty Sale

Private equity firm Hellman & Friedman is pushing ahead with a $4 billion sale of Getty Images, a supplier of stock photos, video and other digital content, two people familiar with the matter said on Tuesday, writes Reuters. Hellman bought a majority stake in Getty in 2008 in a $2.4 billion deal. (Reuters) – Private […]

CVC Acquires Majority Ownership of AlixPartners

CVC Capital Partners has acquired majority ownership of global business advisory firm AlixPartners from Hellman & Friedman and Jay Alix. AlixPartners’ 125 managing directors have maintained a considerable stake in the firm, and Jay Alix, who founded the firm in 1981, has maintained a substantial minority stake. Terms of the transaction were not disclosed. PRESS […]

Sponsors Generate $500M+ Through Secondary Offerings: CORRECTED

Several LBO shops in recent weeks have taken advantage of a reasonably healthy stock market to sell down stakes in public companies whose share prices have bloomed since going public, Buyouts reports in its June 4 edition. Separate sales on the secondary market by Blum Capital Partners, Clayton, Dubilier & Rice, Oaktree Capital Management, Sun Capital Partners […]

Flexpoint Ford to Acquire GeoVera Insurance Group

Flexpoint Ford has agreed to buy GeoVera Insurance Group Holdings. Financial terms weren’t announced. The sellers were Friedman Fleischer & Lowe and Hellman & Friedman. GeoVera provides specialty residential property insurance. Aon Benfield Securities and SFRi provided financial advice to GeoVera. PRESS RELEASE GeoVera Insurance Group Holdings, Ltd. (“GeoVera”), a leading provider of specialty residential property […]

AlixPartners Up for Sale

PE sponsor Hellman & Friedman is heading for the exits… and restructuring firm AlixPartners is going along for the ride, sources tell Reuters.

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