MONTAGU PRIVATE EQUITY takes majority stake in BMC HELIX
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.
BMC HELIX, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
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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.
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REFERENCES
Valuation range: EV 1b - 4b USD
Revenue range: 450M - 900M USD
EBITDA range: 100M - 200M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: bmc helix
Acquirer: montagu private equity