BMC to Sell Itself to a Private Equity Consortium.
Posted: Sun Jul 21, 2013 2:30 am
BMC to Sell Itself to a Private Equity Consortium...a bit old news but worth a share:
BMC, a software company with an extensive portfolio of tools for z/OS, has announced it recommends shareholder acceptance of an offer from a consortium of private equity investors to buy all of the company's publicly traded shares. The consortium includes Bain Capital and Golden Gate Capital, and the offer price is $46.25 per share which values the company at about $6.9 billion.
Golden Gate Capital already owns at least a portion of several software companies including Infor and Attachmate (which in turn owns Novell), so they have some investment experience in IBM zEnterprise-related software companies. Bain Capital owns part of SunGard.
Here is the detailed story: http://money.cnn.com/2013/05/06/technol ... ahoo_quote" onclick="window.open(this.href);return false;
BMC, a software company with an extensive portfolio of tools for z/OS, has announced it recommends shareholder acceptance of an offer from a consortium of private equity investors to buy all of the company's publicly traded shares. The consortium includes Bain Capital and Golden Gate Capital, and the offer price is $46.25 per share which values the company at about $6.9 billion.
Golden Gate Capital already owns at least a portion of several software companies including Infor and Attachmate (which in turn owns Novell), so they have some investment experience in IBM zEnterprise-related software companies. Bain Capital owns part of SunGard.
Here is the detailed story: http://money.cnn.com/2013/05/06/technol ... ahoo_quote" onclick="window.open(this.href);return false;