Reuters – Buyout Firms Team up On BMC Deal
Private equity firms are joining forces in the auction of BMC Software Inc, four people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that will top $6 billion, Reuters reported. Shares of BMC jumped as high as 9 percent on the news and were trading up 4.1 percent at $45.71 in early afternoon trading, giving the Houston, Texas-based company a market value of around $6.6 billion. KKR & Co LP and TPG Capital LP have formed a consortium, the people said on condition of anonymity because the process is confidential. Bain Capital LLC and Golden Gate Capital have separately also teamed up for the auction, the people added.
22 March 2013•4 mins read
