Final bids for Hellman & Friedman’s Openlink due `imminently’

Hellman & Friedman, Openlink, Allegro Development, private equity, merger, M&A
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  • Hellman & Friedman acquired Openlink in 2011 for $700 mln
  • Hellman’s $8.9 bln Fund VII invested in Openlink
  • Vector Capital recapitalized Allegro in 2014
 Hellman & Friedman’s auction of OpenLink has hit the final round. Offers for Openlink are due “imminently,” one person familiar with the situation said. Bidders include Allegro Development and a strategic, four other people said. Hellman & Friedman is expected to announce the ...

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