The Carlyle Group has agreed to sell OpenLink, a software provider for participants in the global commodity, energy, agribusiness, commercial/industrial and financial markets, to affiliates of Hellman & Friedman.
The transaction is subject to traditional closing conditions and is expected to close in the fourth quarter.
Since partnering with Carlyle, OpenLink has significantly expanded our leading market presence through entering new geographies and end-markets, including two complementary acquisitions, increasing R&D and capital investments by over 20%, and adding more than 250 new employees, Kevin Hesselbirg, CEO of OpenLink, says. Partnering with Hellman & Friedman will enable us to further develop our product and service capabilities, reach new markets and continue to pursue more acquisitions. Our partnership with Carlyle has been fruitful, and we are grateful for their counsel and efforts.
David Tunnell, a managing director at Hellman & Friedman, adds: We are excited to partner with Kevin and his excellent team, and look forward to working together to capitalize on significant future opportunities in the growing energy, commodities, agribusiness markets, and in the trading and risk management sector broadly.