Hellman & Friedman history

In 1997, Friedman left the firm to found Friedman Fleischer & Lowe, a private equity firm also based in San Francisco.

As of 2011, H&F employed approximately 50 investment professionals, including 15 managing directors, 6 principals and 13 associates as well as senior advisors and general counsels.

In August 2013, the firm acquired Canada's largest insurance broker, Hub International, for around $4.4 billion.

In March 2014, the firm acquired Renaissance Learning, a firm providing assessment methods such as electronic tests that adapt questions in real time depending on how successfully the student is answering, for $1.1 billion in cash.

In February 2015, it was announced that Hellman & Friedman were putting together a takeover bid for used car company Auto Trader, which could amount to an offer of £2 billion.

In May 2016, H&F agreed to a deal to acquire the healthcare cost management company MultiPlan Inc. for about $7.5 billion.

On May 18, 2017, Hellman & Friedman made a A$2.9 billion bid for Fairfax Media in Australia, starting a bidding war with TPG Group for the company.

In June 2018, it was announced that Hellman & Friedman were taking a controlling interest in the security monitoring company, SimpliSafe.

In February 2019, it was announced that Hellman & Friedman purchased Ultimate Software for $11 billion, an all-cash transaction.

In 2020, Hellman & Friedman joined Diligent Corporation's Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.