|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE Hellman & Friedman completes Kronos acquisition13/06/2007. Source: AltAssets. 
 Hellman & Friedman's sixth fund has completed its $1.8bn acquisition of Kronos. JMI Equity, a private equity firm focused exclusively on the software and business services sectors, is investing alongside lead investor Hellman & Friedman.
Kronos shareholders will receive $55 per share in cash for each share of Kronos common stock they hold.
David Tunnell, managing director of Hellman & Friedman, said, 'Kronos is the clear market leader in using deep domain knowledge to provide specialised software to solve a deceptively complex customer problem. We believe the company has tremendous potential for growth.'
Hellman & Friedman has offices in San Francisco, New York, and London. Its Hellman & Friedman Capital Partners VI fund has more than $8bn of committed capital.
Copyright © 2007 AltAssets
|
 
|
|
|
