Baker McKenzie has advised BMC Software Inc., on the global carve-out and sale of a majority stake in its digital service and operations management business, Helix, to Montagu Private Equity.
Funds managed by KKR, a leading global investment firm, will maintain ownership of BMC, which will also retain a minority stake in Helix. KKR acquired BMC in 2018 through its twelfth Americas Private Equity fund.
As enterprise software enters the AI era, BMC and KKR recognised that Helix’s next phase of growth would be best accelerated as a standalone company singularly focused on ServiceOps and agentic AI. Helix will continue its culture of customer centricity through ongoing product innovation and a sharpened strategic focus, benefiting from Montagu and KKR’s extensive experience investing in the technology space.
The transaction reflects Montagu’s deep expertise partnering with mission-critical software and technology businesses, alongside its strong track record supporting companies accelerate their growth as independent businesses. Montagu is a market leader in carve-out transactions, with nearly 40 successful carve-outs executed since 2002.
The cross-border Baker McKenzie team was led by Corporate Reorganisations Partner, Rakesh Rathod, with support from Senior Associates, Sam McDonald (London), Pearlyn Chen (Singapore) and Jeremy Pore (Chicago), Associates, Ethan McIlroy and Trish Shah (London), and Fionnuala Cullen (Alternative Legal Services), and Paul Cooper (Legal Project Management).
The wider team included lawyers from 52 offices in 33 jurisdictions across the Firm’s global network.
Funds managed by KKR, a leading global investment firm, will maintain ownership of BMC, which will also retain a minority stake in Helix. KKR acquired BMC in 2018 through its twelfth Americas Private Equity fund.
As enterprise software enters the AI era, BMC and KKR recognised that Helix’s next phase of growth would be best accelerated as a standalone company singularly focused on ServiceOps and agentic AI. Helix will continue its culture of customer centricity through ongoing product innovation and a sharpened strategic focus, benefiting from Montagu and KKR’s extensive experience investing in the technology space.
The transaction reflects Montagu’s deep expertise partnering with mission-critical software and technology businesses, alongside its strong track record supporting companies accelerate their growth as independent businesses. Montagu is a market leader in carve-out transactions, with nearly 40 successful carve-outs executed since 2002.
The cross-border Baker McKenzie team was led by Corporate Reorganisations Partner, Rakesh Rathod, with support from Senior Associates, Sam McDonald (London), Pearlyn Chen (Singapore) and Jeremy Pore (Chicago), Associates, Ethan McIlroy and Trish Shah (London), and Fionnuala Cullen (Alternative Legal Services), and Paul Cooper (Legal Project Management).
The wider team included lawyers from 52 offices in 33 jurisdictions across the Firm’s global network.
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