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06/2026Majority

Montagu Private Equity takes majority stake in BMC Helix

UNITED STATES Software / Data, Analytics & AI EV $1–10bn

Context

Montagu has signed an agreement to acquire a majority stake in BMC Helix through a carve-out transaction from BMC Software, a company owned by KKR. The deal involves spinning off Helix from the BMC group to create a standalone entity focused on ServiceOps and artificial intelligence-powered IT operations solutions. As part of this transaction, KKR will retain ownership of BMC Software while maintaining a minority stake in Helix, demonstrating a hybrid structure that combines partial divestment with strategic continuity. This move is part of a broader portfolio restructuring effort aimed at accelerating the growth of BMC's core businesses while allowing Helix to develop independently. The carve-out process is designed to unlock Helix's growth potential by providing it with dedicated governance, autonomous positioning, and a strategy centered on software innovation. The transaction is subject to customary regulatory approvals and closing conditions. The deal was advised by several investment banks and international law firms.

The acquisition of BMC Helix is part of the growth strategy of Montagu Private Equity, which already has several external growth operations under its belt, notably DQS in 2026.

BMC Helix, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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Target

BMC Helix is a specialized software platform for ServiceOps and IT operations management, leveraging advanced artificial intelligence (AI) and AIOps capabilities. The company provides critical solutions that enable large organizations to manage, automate, and optimize their IT operations, incident management, and service workflows on a massive scale. Thousands of international businesses across various sectors, including financial services, healthcare, insurance, retail, and industry, rely on BMC Helix. The company operates in a structurally growing market, driven by the accelerating digital transformation of enterprises, increasing complexity of IT infrastructure, and the rising need for operational resilience. BMC Helix has made significant investments in integrating native AI capabilities into its solutions, going beyond traditional automation to offer "agentic AI" systems that can act autonomously within operational workflows. This approach positions the company as a leading player in the transformation of IT operations towards AI-driven models.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
$450–900M
$100–200M
[members only]
2024
$450–900M
$100–200M
[members only]

Other operations with Montagu Private Equity

Other operations with Montagu Private Equity
DateAcquirerTargetCountrySector
04/2026MONTAGU PRIVATE EQUITYDQSGERMANYTIC (Testing, Inspection, Certification)
12/2025MONTAGU PRIVATE EQUITY / KOHLBERGTELEFLEX MEDICAL OEMUNITED STATESMedical Consumables
06/2025MONTAGU PRIVATE EQUITYMULTIFONDSLUXEMBOURGFinancial Services / Banking
05/2023TA ASSOCIATES / MONTAGU PRIVATE EQUITYHARVESTFRANCEFinancial Services / Banking
02/2022MONTAGU PRIVATE EQUITY / PARTNERS GROUPHTL BIOTECHNOLOGYFRANCECDMO
07/2021MONTAGU PRIVATE EQUITYINTECH MEDICALFRANCEImplants & Prosthetics
01/2021MONTAGU PRIVATE EQUITYIMV TECHNOLOGIESFRANCER&D Biotech
03/2020TETHYS INVEST / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) / MONTAGU PRIVATE EQUITYGALILEO GLOBAL EDUCATIONFRANCEEducation Providers
06/2017HG CAPITAL / GIC / MONTAGU PRIVATE EQUITY / ICGVISMA GROUPNORWAYERP, HR & Finance
03/2014MONTAGU PRIVATE EQUITYARKOPHARMAFRANCENutrition & Dietary Supplements

Similar deals in Software

Similar deals in Software
DateAcquirerTargetCountrySector
07/2026BOWMARKSFG20UNITED KINGDOMConstruction / Real Estate
07/2026BRIDGEPOINTSKELLOFRANCEERP, HR & Finance
06/2026CVCCHESS.COMUNITED STATESGaming & Consumer Apps
06/2026WALMARTVIBEUNITED STATESAdTech
06/2026SCHNEIDER ELECTRICCOGNITENETHERLANDSData, Analytics & AI
06/2026PERMIRA / WARBURG PINCUSCLEARWATER ANALYTICSUNITED STATESFinancial Services / Banking
06/2026VEEVA SYSTEMSCOPLIDENMARKHealthcare
06/2026EOS PARTNERSDROOMSGERMANYCollaboration & Productivity
06/2026ASYSM-WORKFRANCECollaboration & Productivity
06/2026THOMA BRAVOPADOAFRANCEHealthcare

REFERENCES

Valuation range: EV $1–10bn

Revenue range: $450–900M

EBITDA range: $100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BMC Helix by Montagu Private Equity are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: bmc helix

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in BMC Helix, an American company specialised in Data, Analytics & AI, by Montagu Private Equity in 2026.

How was the acquisition of BMC Helix by Montagu Private Equity valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $1–10bn band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were BMC Helix’s revenue and EBITDA at the time of the deal?

At the time of the transaction, BMC Helix generated annual revenue estimated in the $450–900M range and EBITDA in the $100–200M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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