Hellman & Friedman taps Intuit exec(3)

San Francisco-based Hellman & Friedman is furthering the trend for private equity firms to hire partners with operations backgrounds.

Hellman & Friedman announced today the hire of Brad Henske, formerly the general manager of Intuit’s Consumer Tax Group, to managing director. Hellman & Friedman said in a statement that Henske will work closely with the firm’s portfolio companies to improve their operations, leveraging his background in consulting, line management, and financial management.

Henske began his career at Bain & Company, and then went on to become the chief financial officer of American Savings Bank. He was later a partner at the Bass Group, which held American Savings Bank in its portfolio, and then CFO of Synopsys. Henske then became senior vice president and chief financial officer of Intuit, and later general manager of its Consumer Tax Group, which makes Turbo Tax.

Hellman & Friedman is the latest of several private equity firms recently to hire partners with operations backgrounds. Some of these firms include Denver-based KRG Capital Partners and UK-based Dunedin Capital Partners.

The firm has raised and managed over $16 billion (€12 billion), and is currently investing its sixth fund, with $8 billion in committed capital. Its portfolio companies include The Nielson Company and Digitas.