Hellman & Friedman

🚨 Reasons for Boycotting Hellman & Friedman

Hellman & Friedman LLC (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman, headquartered in San Francisco, California, USA. The firm has raised over $50 billion in committed capital, invested in more than 90 companies, and manages its ninth fund of $16.5 billion. H&F has invested $1.15 billion in israel-based cybersecurity company Checkmarx and owns AutoScout24. This direct financial support strengthens the israeli economy and contributes to the normalization of the ongoing genocide and occupation.

1. $1.15 Billion Investment in Checkmarx: On April 16, 2020, H&F acquired israel-based cybersecurity company Checkmarx from Insight Partners at a valuation of $1.15 billion. Checkmarx was founded in 2006 and is headquartered in Ramat Gan, israel. The company employs over 700 people and serves over 1,400 customers in 70 countries. H&F currently holds 90% of Checkmarx's shares. This deal represents the largest acquisition of an application security company to date. H&F's investment provides direct financial support to israel's cybersecurity ecosystem.Checkmarx: Hellman & Friedman Completes Acquisition of Checkmarx — $1.15 billion (April 2020)Calcalist: Hellman & Friedman holds 90% of Checkmarx's shares (September 2024)Times of israel: israeli cybersecurity company Checkmarx set to be acquired for $1.15 billion (March 2020)
   
   Interest in JFrog Ltd.: According to Bloomberg, in October 2024, H&F and Permira conducted preliminary due diligence to acquire israel-American software company JFrog Ltd. JFrog is an israel-based DevOps company. This demonstrates H&F's continued interest in investing in israeli technology companies.Bloomberg: Software Tools Maker JFrog Attracts Takeover Interest — Hellman & Friedman among PE firms (October 2024)
2. Owner of AutoScout24: On December 17, 2019, H&F signed an agreement with Scout24 AG to acquire 100% of AutoScout24 for approximately EUR 2.9 billion. The transaction was completed on April 1, 2020. AutoScout24 is Europe's leading online automotive marketplace and operates in 18 European countries. H&F's ownership of AutoScout24 means that all brands in its portfolio should be boycotted.Scout24 AG: Hellman & Friedman will acquire 100% of AutoScout24 for approx. EUR 2.9bn (December 2019)Scout24 AG: Closing of the sale of 100% of AutoScout24 to Hellman & Friedman (April 2020)
3. Institutional Shareholders: BlackRock and Vanguard: As H&F is a private company, no direct shareholding data is available. However, BlackRock and Vanguard hold shares in its portfolio companies. For example, BlackRock and Vanguard are shareholders in Splunk Inc. In Claritev Corporation, BlackRock and Vanguard Capital Management LLC are among significant shareholders. BlackRock and Vanguard are identified in a UN report (OHCHR) as being among the largest investors in companies pivotal to israel's weapons arsenal. This means that profits generated from H&F's portfolio partly flow to these funds, indirectly contributing to israel's weapons industry.MarketScreener: Splunk Inc. — Hellman & Friedman, BlackRock, Vanguard among shareholders (September 2023)UN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)

🌐 Sources

• Checkmarx: Hellman & Friedman Completes Acquisition of Checkmarx (April 2020)
• Calcalist: Hellman & Friedman holds 90% of Checkmarx's shares (September 2024)
• Scout24 AG: Sale of AutoScout24 to Hellman & Friedman (December 2019)
• Times of israel: Checkmarx acquisition (March 2020)
• Bloomberg: JFrog takeover interest — H&F and Permira (October 2024)
• UN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)

Boykot Market has listed the brand information and source links above based on verifiable official sources. Please conduct your own research to be certain.