Montagu has agreed to acquire a majority stake in BMC Helix from BMC Software in a carveout transaction, though financial terms remain undisclosed. The move separates the agentic AI ServiceOps platform from its parent company while maintaining KKR's ownership of BMC. Based in Sunnyvale, California and Houston, Helix specializes in AI-driven service operations management.

KKR, which acquired BMC in 2018, will retain a minority stake in Helix following the transaction. This partial divestiture allows BMC to focus on its core software business while giving Helix dedicated resources for growth. The carveout structure reflects private equity strategies of optimizing portfolio companies through selective separations.

The acquisition targets Helix's AI capabilities amid growing enterprise demand for automated service operations. Private equity firms increasingly view AI platforms as attractive investments given their scalability and recurring revenue models. Montagu gains exposure to enterprise AI software without acquiring the broader BMC business.

The deal signals continued consolidation in AI-powered enterprise software, where specialized platforms command premium valuations. KKR's retention of a minority position suggests confidence in Helix's growth trajectory while allowing Montagu operational control to pursue expansion opportunities.