5 Questions for Bill Chisholm, Symphony Technology Group
Symphony Technology Group last night announced an agreement to acquire MSC.Software Corp., a publicly-traded provider of simulation software for designing and testing manufactured products. The leveraged buyout is valued at approximately $360 million ($7.63 per share), with hedge fund Elliott Management also participating on the equity. So we’ve got 5 Questions for STG managing director Bill Chisholm: 1. How did this deal come about? We’re a mid-market software and tech services investor, so we try to keep pretty close tabs on companies that could be of interest to us, and keep in touch with their executives. It’s not like there are hundreds of attractive ones out there. MSC is one we’ve tracked for a long time. This time around we were a bit more aggressive and direct, and the company was a bit more receptive than it’s been in the past.
