Hellman & Friedman reportedly in discussions to buy Bill Holdings

Hellman & Friedman has held talks astir a imaginable acquisition of concern payments supplier Bill Holdings, Bloomberg reported, citing radical acquainted with the situation.

According to the report, the backstage equity steadfast has been successful interaction successful caller weeks with Bill and the company’s fiscal advisor arsenic portion of a merchantability process.

The sources said different buyout firms person besides shown interest.

The discussions are continuing and whitethorn not effect successful a deal, the radical told Bloomberg.

Representatives for Bill and Hellman & Friedman did not instantly respond to Bloomberg’s requests for comment.

Bill’s shares roseate 21% connected 6 February (Friday) aft the institution accrued its full-year outlook alongside its net release.

Even aft the move, the banal was down astir 56% implicit the past 12 months. On Friday, Bill was trading astatine $42.83 successful New York, giving it a marketplace capitalisation of astir $4.2bn.

For the 2nd 4th of fiscal 2026, Bill reported gross of $414.7m, compared with $362.6m a twelvemonth earlier.

The institution attributed the summation to higher subscription and transaction interest revenue, which totalled $375.1m versus $319.6m successful the prior-year quarter.

Bill posted a nett nonaccomplishment of $2.6m for the quarter, compared with nett income of $33.5m successful the December 2024 quarter.

The company, which provides payments and expense-management services to tiny and midsize businesses, has faced unit from activistic investors Starboard Value LP, Elliott Investment Management and Barington Capital Group amid weaker lawsuit spending and competition.

Starboard, led by Jeff Smith, reached a practice statement with Bill successful October aft revealing a stake. Bill subsequently named 4 caller autarkic directors, including 1 nominated by Starboard.

"Hellman & Friedman reportedly successful discussions to bargain Bill Holdings" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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