Hot off of the wire: Hellman & Friedman to acquire Datatel from Thoma Bravo and co-investors
Fairfax, Va. – November 9, 2009 —Datatel, the industry’s most
experienced provider of higher education software, services and
insight, announced today that they reached a definitive agreement to be
acquired by Hellman & Friedman LLC. Hellman & Friedman and its
affiliates, co-investor JMI Equity, and Datatel management and
employees will purchase the company from current investors Thoma Bravo
and its co-investors in the transaction including Trident Capital,
HarbourVest Partners and JP Morgan Asset Management. Hellman &
Friedman is a leading private equity firm with a focus on investing in
superior business franchises.