SimpliSafe, the company behind the well-received SimpliSafe home security service, today announced that Hellman & Friedman, the massive venture fund and private equity firm, has taken a controlling interest in the company. While the two companies didn’t disclose the terms of the transaction, sources close to SimpliSafe tell us that the deal valued the company at about $1 billion. Hellman & Friedman also currently own a number of other brands.
Hellman & Friedman Acquires Controlling Interest In Simplisafe
Frederic Lardinois, TechCrunch
Fri, 06/29/2018 - 6:30am
Topics: grocery outlet applied systems getty images scout24 sequoia capital hsr act doubleclick nielsen nasdaq openlink ipo for simplisafe february amazon home simplisafe ceo chad laurans diy hellman friedman simplisafe controlling interest today security company companies market deal acquisition growth million number announcement close launch acquiring
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