Hellman & Friedman announces hire and two promotions

By Iris Dorbian — 4 weeks ago

Hellman & Friedman LLC has named Deepak Advani as a managing director. Also, the private equity firm has promoted Zita Saurel and Stuart Banks to managing director. Previously, Advani worked at IBM where he was most recently general manager of IBM Commerce. And, Saurel joined Hellman & Friedman in 2005 while Banks came on board in 2007.

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Hellman & Friedman acquires Italian software company TeamSystem

By Iris Dorbian — 2 months ago

Hellman & Friedman LLC has acquired a controlling stake in Italian software company TeamSystem Holding SpA. No financial terms were disclosed. The sellers are HgCapital, Bain Capital, ICG and TeamSystem’s management. However, HgCapital “intends” to retain a minority stake in TeamSystem while company management will continue to invest in it. Mediobanca SpA provided financial advice to Hellman & Friedman on this transaction while Rothschild did likewise for HgCapital.

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Hellman & Friedman gets majority of Securitas Direct Verisure

By Luisa Beltran — 4 months ago

Hellman & Friedman has acquired Bain Capital’s stake in Securitas Direct Verisure Group. Financial terms weren’t announced. The deal gives Hellman & Friedman a majority shareholder position. Malmö, Sweden-based Securitas Direct provides professionally monitored home alarm systems through its Securitas Direct and Verisure brands.

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Target taps Hellman & Friedman’s Gupta for new SVP position

By Iris Dorbian — 5 months ago

Minneapolis-based retailing company Target Corp has named Anu Gupta as senior vice president, operational excellence. In her new position, Gupta will report to Target’s Chief Operating Officer John Mulligan. Prior to joining Target, Gupta worked at Hellman & Friedman where she served as a senior operating executive.

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Hellman & Friedman, JMI Equity to exit Ellucian

By Luisa Beltran — 6 months ago

TPG Capital and Leonard Green Partners have agreed to buy Ellucian. The sellers are Hellman & Friedman and JMI Equity. Financial terms weren’t announced but Reuters valued the deal at $3.5 billion. Fairfax, Virginia-based Ellucian provides software to universities and colleges. Morgan Stanley & Co. LLC, BofA Merrill Lynch, BMO Capital Markets Corp., and Barclays served as financial advisors to TPG and Leonard Green. Credit Suisse and Goldman, Sachs & Co. served as financial advisors to Ellucian.

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ABRA Auto Body closes Kadel deal

By Luisa Beltran — 7 months ago

ABRA Auto Body & Glass, a portfolio company of Hellman & Friedman LLC, has closed its buy 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Financial terms weren’t announced. The deal was announced in June. Nomura arranged financing for the transaction. Harris Williams & Co. advised Kadel’s.

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Emdeon buys Altegra Health for $910 mln

By Luisa Beltran — 7 months ago

Emdeon Inc, a Blackstone and Hellman & Friedman portfolio company, said Monday it has agreed to buy Altegra Health for about $910 million in cash. Parthenon Capital Partners is the seller. Miami Lakes, Florida-based Altegra provides payment solutions for health plans and healthcare providers. Greenhill & Co. LLC is advising Emdeon while Goldman, Sachs & Co. and Triple Tree LLC provided financial advice to Altegra.

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ABRA Auto Body & Glass buys 23 Kadel’s Auto Body locations

By Luisa Beltran — 7 months ago

ABRA Auto Body & Glass, a portfolio company of Hellman & Friedman LLC, has agreed to buy 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Financial terms weren’t announced. Tigard, Oregon-based Kadel’s is regional auto body provider in the Pacific Northwest. Kadel’s is backed by KCB Private Equity.

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Verisk closes Wood Mackenzie buy

By Luisa Beltran — 9 months ago

Verisk Analytics Inc. said Tuesday it completed its buy of Wood Mackenzie Ltd. in a deal valued at about $2.8 billion. The seller was Hellman & Friedman. Verisk, of Edinburgh, United Kingdom, provides data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals.

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