After DoubleClick home run, Hellman & Friedman raised $8.4 billion fund

Posted Apr 17th 2007 5:09PM by Tom Taulli
Filed under: Google (GOOG)

Private equity firm Hellman & Friedman LLC has been around since 1984. Over the years, the firm has built a tremendous team and expertise in a variety of domains.

And it paid off last week, when the fund sold DoubleClick to Google Inc. (NASDAQ: GOOG) for a cool $3.1 billion (it was a 10X return over a couple years).

So, it's no surprise that H&F has raised its new fund – which stands at $8.4 billion (it's the firm's sixth fund). No doubt, with deals like DoubleClick, H&F has a lot of happy limited partners. One is the powerful California Public Employees' Retirement System.

Interestingly enough, H&F has already put its money to work from the new fund. That is, the firm recently agreed to buy Kronos Worldwide Incorporated (NYSE: KRON).

Although, to try to find good deals, it looks like H&F is ramping its global operations. And it certainly has the resources to do it.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Tags: doubleclick, kronos