JMI Equity related stories
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Hellman & Friedman to sell HR software firm Kronos - ReutersPrivate equity firms Hellman & Friedman and JMI Equity are exploring a sale of human resources management software firm Kronos, which could be valued at more than $4 billion, writes Reuters. Kronos is in early stage talks with a small group of private equity firms, including KKR & Co LP, TPG Capital LP and Bain Capital LLC, about a potential deal, writes Reuters.
- JMI Equity promotes Hersman to partner
Former principal Brian Hersman joined the firm in 2008.
- JMI Equity promotes Hersman to GP
JMI Equity said Tuesday that it has promoted Brian Hersman to general partner. Prior to joining JMI, Hersman worked at Vista Equity Partners where he served as a senior associate. With offices in Baltimore and San Diego, JMI Equity is a growth equity firm that focuses on the software and tech sector.
- Bain seals $1.8bn exit to Hellman, JMI Equity
The firm will sell insurance software company Applied Systems, which it acquired in 2006 for about $675m.
- Bain could earn 4x on Applied Systems: Source
Bain Capital LLC stands to make more than 4x its invested capital when it completes the sale of insurance software maker Applied Systems Inc in a secondary sale to Hellman & Friedman LLC, a person with knowledge of the transaction told Buyouts.
- Bain seals $1.8bn exit to Hellman, JMI Equity
The firm will sell insurance software company Applied Systems, which it acquired in 2006 for about $675m.
- Hellman & Friedman buys Applied Systems from Bain Capital for $1.8 bln
Private equity firm Hellman & Friedman has struck a deal to buy insurance software provider Applied Systems from Bain Capital for $1.8 billion, H&F said on Tuesday, sister news service Reuters reported.
- Hellman & Friedman agrees to acquire Applied Systems from Bain Capital
Hellman & Friedman has inked an agreement to buy Applied Systems from Bain Capital for approximately $1.8 billion. JMI Equity will also be investing alongside H&F. Ropes & Gray advised Bain Capital in the sale. According to terms of the deal, Applied Systems' senior management will continue to maintain a "significant ownership position" in the company. The transaction is expected to close in early 2014. Headquartered in University Park, Illinois, Applied Systems is a provider of insurance software.
Talking Top Quartile with Paul Barber of JMI EquityFounded in 1992, JMI Equity, a growth equity firm with investments in software, internet and business services companies, rang up an IRR of 39 percent as of June 30 for is vintage 2005 fund, JMI Equity Fund V LP. An IRR of 12.6 percent would have landed it in the top quartile for the year, according to data compiled by Buyouts. Managing General Partner Paul Barber, who joined the firm in 1998, currently serves as chairman of the board of directors at ServiceNow and several other companies. He answered questions for this column via email.
- Study: Israeli deal flow down
Israeli deal flow and deal volume dropped during 2012, but the IVC Research Center expects activity to pick up this year as domestic firms are planning to put their recently raised capital to work.