Hellman & Friedman to buy OpenLink
New-York-based commodity software firm OpenLink has announced its owners The Carlyle Group will sell it to a US private equity firm
The Carlyle Group has agreed to sell OpenLink, a software provider for commodity, energy, agribusiness and financial markets, to affiliates of private equity firm Hellman & Friedman. The deal is subject to traditional closing conditions and is expected to close in the fourth quarter of 2011. Terms of the transaction were not disclosed.
OpenLink chief executive Kevin Hesselbirg says his firm's partnership with Carlyle "has been fruitful, and we are grateful for their counsel and effort. We look
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