M&A Deal Summary

Hellman & Friedman and Permira Acquire Zendesk

On June 24, 2022, private equity firms Hellman & Friedman and Permira acquired internet software and services company Zendesk for 10.2B USD

Acquisition Highlights
  • This is Hellman & Friedman’s 10th and Permira’s 18th transaction in the Internet Software and Services sector.
  • This is Hellman & Friedman’s 5th and Permira’s 4th largest (disclosed) transaction.
  • This is Hellman & Friedman’s 59th and Permira’s 41st transaction in the United States.
  • This is Hellman & Friedman’s 11th and Permira’s 15th transaction in California.

M&A Deal Summary
Date 2022-06-24
Target Zendesk
Sector Internet Software and Services
Buyer(s) Hellman & Friedman
Permira
Deal Type Going Private
Deal Value 10.2B USD
Advisor(s) Qatalyst Partners
Goldman Sachs (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Zendesk

San Francisco, California, United States
Zendesk is a customer service software platform designed to bring organizations and their customers closer together. Zendesk was formed in 2007 and is based in San Francisco, California.

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Buyer(S) 2

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 86 of 88
Sector (Internet Software and Services) 10 of 10
Type (Going Private) 17 of 17
State (California) 11 of 11
Country (United States) 59 of 61
Year (2022) 1 of 1
Size (of disclosed) 5 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 NPD

Port Washington, New York, United States

NPD offers data, industry expertise, and prescriptive analytics to help clients grow their businesses in a changing world. NPD helps to measure, predict, and improve performance across all channels, including brick-and-mortar, e-commerce, and B2B. NPD was established in 1966 and is based in Port Washington, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Splunk

San Francisco, California, United States

Splunk is a provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as historical data across your IT infrastructure. Splunk was formed in 2003 and is based in San Francisco, California.

Sell $28.0B
Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 153 of 161
Sector (Internet Software and Services) 18 of 19
Type (Going Private) 13 of 16
State (California) 15 of 15
Country (United States) 41 of 44
Year (2022) 5 of 6
Size (of disclosed) 4 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Quant

Stockholm, Sweden

Quant is a multinational maintenance service provider, maintaining and improving the safety, production and equipment performance for over 400 facilities around the world. The company offers maintenance services within a wide range of industries, including pulp and paper, mining and minerals, chemicals, food and beverages. Quant is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Vacanceselect

Paris, France

Vacanceselect provides camping and outdoor accommodation services. Vacanceselect operates over 25,000 pitches, of which 20,000 are equipped with mobile homes, chalets, or tents, on 269 sites located mainly in France, Italy, and Spain. Vacanceselect Group is based in Paris, France.

Sell -
Mergr

Product

Company

Legal