JMI Equity, a private equity firm based on providing growth cash to software and service companies co-headquartered in Baltimore, announced it will be involved in the $1.8 billion acquisition of Kronos Inc. The leader of the group that is acquiring Kronos is Hellman & Friedman, an international investment firm with more than $8 billion in committed capital. The agreement to acquire Kronos for $1.8 billion consists of paying shareholders $55 in cash per share. Kronos? board of directors has approved the merger agreement. As of Monday, shares of Kronos were trading at $53.04, down 7 cents or .13 percent.
