Hellman & Friedman LLC, a leading private equity firm based in San Francisco, today announced the closing of Hellman & Friedman Capital Partners VI, L.P. (HFCP VI), an $8.4 billion fund.
"The closing of our sixth fund represents an important milestone for Hellman & Friedman," said F. Warren Hellman, Chairman of Hellman & Friedman. "We are especially pleased with the support of our longstanding limited partners who once again have entrusted us to manage their capital in this new Fund. We believe our philosophy of disciplined investing in strong franchises with solid management and defensible market positions will continue to allow us to generate attractive returns for our partners."
"We have enjoyed a long, mutually beneficial relationship with Hellman & Friedman and are delighted to be participants in their new fund," said Sarah Corr of California Public Employees' Retirement System. "We look forward to working them in the future."
Hellman & Friedman, through HFCP VI, will embrace the same investment approach and focus as in its previous partnerships. HFCP VI will continue to make large-scale equity-related investments of $250 million to $1 billion, primarily in the United States and Europe.
With the closing of HFCP VI, Hellman & Friedman has successfully raised and managed approximately $16 billion of committed capital since its first partnership in 1987.
"Over the past few years, we've become a more global organization, building a significant presence with our growing office in London. Importantly, we have continued to differentiate Hellman & Friedman by partnering with managements of quality portfolio companies to provide not only capital, but relevant expertise that helps our portfolio companies build value," said Brian M. Powers, Chief Executive Officers of Hellman & Friedman.
"We have already entered into HFCP VI's first investment, our pending acquisition of Kronos Inc., which is representative of the type and size of transaction we intend to do going forward," Mr. Powers concluded.
Hellman & Friedman is a leading investor in a number of industries including, financial services (e.g. asset management, insurance, securities services), professional services (e.g. advertising agencies, marketing services, consulting), media (e.g. television, newspapers, radio, outdoor, entertainment), information services (e.g. software, business services), and power and energy. In addition to these sectors, H&F continuously seeks investments in other sectors that match the firm's investment criteria -- strong operating management teams, attractive business franchises, high levels of free cash flows, and predictable revenue growth.
About Hellman & Friedman LLC
Hellman & Friedman LLC is a San Francisco-based private equity investment firm with additional offices in New York City
and London. Since its founding in 1984, the Firm has raised and managed approximately $16 billion of committed capital.
The Firm's strategy is to invest in superior business franchises and to be a value-added partner to management in select
industries including media, financial services, professional services, and information services. Representative investments
include DoubleClick, Inc., Texas Genco LLC, LPL Holdings, Axel Springer AG (ASV GR), ProSieben Sat.1 AG (PSM GR),
Formula One Holdings, Ltd, Arch Capital Group Limited (ACGL), the NASDAQ Stock Market, Inc. (NDAQ), Blackbaud, Inc.,
Intergraph Corporation, Vertafore, Inc., Artisan Partners L.P., Mondrian Investment Partners, Ltd., Inc., AlixPartners,
Young & Rubicam, Inc., Voicestream Wireless Corporation and others. For more information on Hellman & Friedman, visit
www.hf.com.
Contact:
|
Hellman & Friedman LLC Mitchell Cohen (415) 788-5111 Abernathy MacGregor Group Steven Bruce (212) 371-5999 Ian Campbell (213) 630-6550 |
M: Communications Caroline Villiers +44 20 7153 1521 Hering Schuppener Stefanie Erhardt +49 69 921874 71 |