Secondary Buyout • Software

Hellman & Friedman Acquires OpenLink Financial

On September 11, 2011, private equity firm Hellman & Friedman acquired software company OpenLink Financial from The Carlyle Group

Acquisition Context
  • This is Hellman & Friedman’s 8th transaction in the Software sector.
  • This is Hellman & Friedman’s 34th transaction in the United States.
  • This is Hellman & Friedman’s 5th transaction in New York.
Investment Fate
  • OpenLink Financial was sold to a strategic buyer in 2018.

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M&A Deal Summary

Date September 11, 2011
Target OpenLink Financial
Sector Software
Buyer(s) Hellman & Friedman
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Advisor(s) Alston & Bird (Legal)

Target Company

OpenLink Financial

Uniondale, New York, United States
OpenLink Financial is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore.
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Buyer Overview 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman 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 Context for Buyer #
Overall 49 of 90
Sector: Software 8 of 12
Type: Secondary Buyout 10 of 27
State: New York 5 of 7
Country: United States 34 of 62
Year: 2011 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-04 Change Healthcare

Nashville, Tennessee, United States

Change Healthcare is a provider of revenue cycle management and clinical communication solutions that enables payers, providers and patients to improve healthcare business processes. Change Healthcare is based in Nashville, Tennessee.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 IRIS

Slough, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.

Sell £425M

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 182 of 490
Sector: Software 14 of 35
Type: Secondary Buyout 32 of 119
State: New York 5 of 18
Country: United States 120 of 261
Year: 2011 21 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-04 Brintons Carpets

Kidderminster, United Kingdom

Brintons Carpets is a designer and manufacturer of luxury woven carpets for commercial and residential premises. Brintons Carpets was founded in 1783 and is based in Kidderminster, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-22 Air2Web

Atlanta, Georgia, United States

Air2Web, Inc. is a developer of mobile messaging and marketing applications and services.

Sell $19M