Montagu announced that it has agreed to acquire a majority stake in BMC Helix in a carve-out transaction from BMC Software.
BMC Software is owned by funds managed by KKR, which acquired BMC in 2018 through its twelfth Americas Private Equity fund. KKR will maintain ownership of BMC, while BMC will retain a minority stake in Helix.
Helix is an agentic AI ServiceOps platform used by enterprise customers for service and operations management. The company serves thousands of organizations globally across industries including financial services, healthcare, insurance, retail, and other sectors.
Based in Sunnyvale, California, Helix operates in a market shaped by enterprise digitization, increasing IT complexity, rising operational resilience requirements, and growing demand for AI-enabled enterprise operations.
Helix has invested in unifying IT service management and operations through AIOps and native agentic AI capabilities. The platform is designed to help enterprises automate service and operations workflows, prevent incidents, reduce manual work, and improve enterprise IT orchestration.
BMC and KKR said Helix’s next phase of growth would be best supported as a standalone company focused on ServiceOps and agentic AI. As an independent business, Helix is expected to continue investing in product innovation, customer relationships, and AI-enabled enterprise operations.
Montagu said the transaction reflects its experience partnering with mission-critical software and technology businesses. The firm also has a track record in carve-out transactions, having completed nearly 40 carve-outs since 2002.
The completion of the transaction remains subject to regulatory approvals and customary closing conditions.
Perella Weinberg served as financial advisor to Montagu, and Kirkland & Ellis served as legal advisor. Jefferies served as financial advisor to BMC and Helix, and Simpson Thacher & Bartlett served as legal advisor.
KEY QUOTES:
“Helix is a highly strategic and deeply embedded platform supporting some of the world’s most complex enterprise IT environments. Helix combines deep domain knowledge, a culture of innovation, and trusted customer relationships with significant opportunities for further operational acceleration as an independent business. We look forward to partnering with Ali Siddiqui and the management team, as well as KKR, to support Helix in this next phase of growth.”
Christoph Leitner-Dietmaier, Partner at Montagu
“We believe this transaction positions both BMC and Helix to move faster and stay sharply focused on their respective core priorities. BMC, alongside KKR, will continue to support Helix’s journey by retaining a minority stake, and we are confident in what lies ahead.”
Ayman Sayed, President and CEO of BMC
“This transaction marks a significant milestone for Helix. As we enter this next chapter, we share a strong conviction that agentic AI will transform the enterprise IT operating model. Trusted by thousands of customers as the system of record for IT operations, assets, and change, Helix is uniquely positioned to power enterprise-grade AI outcomes. With Montagu’s partnership, we will build on our market leadership, accelerate AI innovation, and continue delivering exceptional value to our customers.”
Ali Siddiqui, CEO of Helix
