KKR explores $1.5 billion sale of BMC Helix — Reuters

2026-02-20 21:16:39

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Investing.com — According to Reuters, citing sources familiar with the matter, private equity firm KKR is exploring the sale of its information services provider BMC Helix, with a deal potentially valued at up to $1.5 billion.

Sources say that Helix is currently being advised by Jefferies investment bankers and has received preliminary offers from other private equity firms and corporate buyers. These sources requested anonymity because the discussions are not yet public.

The proposed sale will test market interest in software transactions, which have been under pressure due to concerns that artificial intelligence could disrupt the sector, leading to valuation pressures and a slowdown in deal activity.

BMC Helix is an AI-driven IT service management platform that helps enterprises automate service desks, manage incidents and assets, and monitor hybrid IT environments. It competes with other IT service management providers, including ServiceNow.

Sources indicate that the company’s EBITDA is approximately $150 million, with annual recurring revenue of $750 million. They added that the sale could value Helix at 8 to 10 times its core earnings, or up to $1.5 billion.

Sources also said that after selling Helix, KKR plans to begin preparing for BMC’s initial public offering (IPO) as early as 2026.

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