mynth
06/2026

MONTAGU PRIVATE EQUITY takes majority stake in BMC HELIX

UNITED STATES Software / Data, Analytics & AI EV 1b - 4b USD

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).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 450M - 900M USD

EBITDA range: 100M - 200M USD

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.

Press release: view release

Target: bmc helix

Acquirer: montagu private equity