HGGC To Buyout Eden Prairie’s HelpSystems For $1.2 Billion



By Joshua Franklin, NASDAQ

“Feb 26 (Reuters) – Private equity firm HGGC LLC has agreed to acquire a controlling stake in HelpSystems, valuing the U.S. information technology management software company at more than $1.2 billion, including debt, according to people familiar with the matter.

The deal, which is expected to be announced later on Monday, is the latest example of the private equity sector’s appetite for U.S. business software companies with predictable maintenance and subscription revenue and a loyal client base.”

Read More…