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Hellman & Friedman
Hellman & Friedman (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman that makes investments primarily through leveraged buyouts as well as growth capital investments. It has focused its efforts on several core target industries including media, financial services, professional services and information services.
Headquartered in San Francisco with offices in New York and London, H&F tends to avoid asset intensive or other industrial businesses (e.g., manufacturing, chemicals, transportation). In June 2024, it ranked 13th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.
Before founding H&F in 1984 alongside Tully Friedman, Warren Hellman worked in investment banking at Lehman Brothers. Later, he became a founding partner of Hellman, Ferri Investment Associates, which, renamed Matrix Partners, is currently one of the most prominent venture capital firms in the U.S.
Meanwhile, Friedman was a former managing director at Salomon Brothers who, in 1997, left the company to found Friedman Fleischer & Lowe, a private equity firm also based in San Francisco.
In August 2013, it acquired Canada's largest insurance broker, Hub International, for around $4.4 billion. In March 2014, the firm acquired Renaissance Learning, a firm providing assessment methods such as electronic tests that adapt questions in real time depending on how successfully the student is answering, for $1.1 billion in cash.
In February 2015, it was announced that Hellman & Friedman were putting together a takeover bid for used car company Auto Trader, which could amount to an offer of £2 billion. On May 18, 2017, H&F made a A$2.9 billion bid for Fairfax Media in Australia, starting a bidding war with TPG Group for the company.
In May 2016, H&F agreed to a deal to acquire the healthcare cost management company MultiPlan Inc. for about $7.5 billion. In June 2018, it was announced that Hellman & Friedman were taking a controlling interest in the security monitoring company, SimpliSafe.
In February 2019, it was announced that Hellman & Friedman purchased Ultimate Software for $11 billion, an all-cash transaction. Ultimate Software has since been combined with Kronos Incorporated, and rolled into the brand Ultimate Kronos Group.
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Hellman & Friedman
Hellman & Friedman (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman that makes investments primarily through leveraged buyouts as well as growth capital investments. It has focused its efforts on several core target industries including media, financial services, professional services and information services.
Headquartered in San Francisco with offices in New York and London, H&F tends to avoid asset intensive or other industrial businesses (e.g., manufacturing, chemicals, transportation). In June 2024, it ranked 13th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.
Before founding H&F in 1984 alongside Tully Friedman, Warren Hellman worked in investment banking at Lehman Brothers. Later, he became a founding partner of Hellman, Ferri Investment Associates, which, renamed Matrix Partners, is currently one of the most prominent venture capital firms in the U.S.
Meanwhile, Friedman was a former managing director at Salomon Brothers who, in 1997, left the company to found Friedman Fleischer & Lowe, a private equity firm also based in San Francisco.
In August 2013, it acquired Canada's largest insurance broker, Hub International, for around $4.4 billion. In March 2014, the firm acquired Renaissance Learning, a firm providing assessment methods such as electronic tests that adapt questions in real time depending on how successfully the student is answering, for $1.1 billion in cash.
In February 2015, it was announced that Hellman & Friedman were putting together a takeover bid for used car company Auto Trader, which could amount to an offer of £2 billion. On May 18, 2017, H&F made a A$2.9 billion bid for Fairfax Media in Australia, starting a bidding war with TPG Group for the company.
In May 2016, H&F agreed to a deal to acquire the healthcare cost management company MultiPlan Inc. for about $7.5 billion. In June 2018, it was announced that Hellman & Friedman were taking a controlling interest in the security monitoring company, SimpliSafe.
In February 2019, it was announced that Hellman & Friedman purchased Ultimate Software for $11 billion, an all-cash transaction. Ultimate Software has since been combined with Kronos Incorporated, and rolled into the brand Ultimate Kronos Group.
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