Investor Group to Acquire BMC Software for $6.9B

BMC-Software-LogoBMC Software has agreed to a $6.9 billion buyout deal with private investors Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd and Insight Venture Partners as part of the company’s growth strategy.

The investor group will buy BMC’s outstanding common stock for $46.25 per share, BMC said May 6.

Credit Suisse, RBC Capital Markets and Barclays provided debt financing to the transaction and BMC said it plans to seek proposals from third parties for 30 days.

Ian Loring, managing director at Bain Capital, said BMC works to help businesses use information technology to drive innovation in managing operations through the company’s software that spans mainframes and mobile enterprises.

Prescott Ashe, managing director of Golden Gate Capital, said BMC is targeting growing segments such as cloud management, service management and workload automation

Elliott Management, which holds 9.6 percent of the BMC common stock, voted for the acquisition.

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