Hellman & Friedman acquires Carlyle Group's OpenLink

- Monday, September 12, 2011

Hellman & Friedman acquires Carlyle Group's OpenLink

US private equity firm Hellman & Friedman has acquired The Carlyle Group's software provider OpenLink Financial for an undisclosed amount, the companies said in a statement.

The transaction is subject to customary closing conditions and is expected to conclude in the fourth quarter this year.

Credit Suisse and Crescent Mezzanine provided financing for the transaction.

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"Partnering with Hellman & Friedman will enable us to further develop our product and service capabilities, reach new markets and continue to pursue more acquisitions," OpenLink CEO Kevin Hesselbirg said.

With OpenLink, Hellman & Friedman expects to capitalize on future opportunities in the growing energy, commodities and agribusiness markets, and in the trading and risk management sectors.

Based in Long Island, OpenLink provides cross-asset trading, risk management, related operations processing and portfolio management software solutions for global commodity, energy, agribusiness, commercial, industrial and financial markets.

The company was founded in 1992 and has more than 1,000 offices worldwide, including in São Paulo, London, Berlin, Moscow and Houston.