Hellman & Friedman LLC
|Hellman & Friedman LLC|
|Headquarters||Offices located in San Francisco, London, and New York|
|Products||Private equity investment|
Hellman & Friedman LLC is a private equity investment firm.During its history, Hellman & Friedman has raised and managed over $16 billion of committed capital and has invested in over 50 companies.
It was announced on Sept. 29, 2008, that the Neuberger Berman asset management business of bankrupt Lehman Brothers Holdings Inc. would be sold to Bain Capital LLC and Hellman & Friedman LLC for $2.15 billion -- a lot less than original estimates. The deal included Lehman's Asset Management unit and private funds investment group, but excluded Lehman's major direct private equity businesses.
Products and Services
In February of 2008, Getty Images Inc., the creator and distributor of visual content and other digital media, announced that it had entered into an agreement to be acquired by affiliates of Hellman & Friedman in a transaction valued at approximately $2.4 billion, including the assumption of existing debt. Under the terms of the agreement, Getty Images stockholders would receive $34 in cash for each outstanding share of common stock they own.
- [ ]. .
- Private equity firms buy Lehman's Neuberger Berman. Reuters.
- Press Release. Boston Business Journal.
- [http:http://blogs.barrons.com/stockstowatchtoday/2008/09/29/dow-sp-post-point-loss-records-walloping-wilshire/ Bain Joins Purchase of Lehman Unit]. Hellman & Friedman.