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BMC to be Acquired by Private Investor Group for $6.9 Million


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BMC Software has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Insight Venture Partners.

Under the agreement, affiliates of the investor group will acquire all outstanding BMC common stock for $46.25 per share in cash, or approximately $6.9 billion. The agreement was approved by unanimous vote of those directors present.

Elliott Management, which owns 9.6% of the BMC common stock, has agreed to vote its shares in favor of the transaction. 

In a statement released by BMC, Bob Beauchamp, chairman and chief executive officer of the company, said the opportunity to become a private company will provide additional flexibility and position the company to invest more strategically to drive innovation and deliver cutting edge customer solutions.

“BMC is the only enterprise software vendor that can go from mainframe to mobile, with solutions that help IT drive real business innovation and optimize operations management and employee productivity,” said Ian Loring, managing director at Bain Capital. “We and the rest of the Investor Group look forward to working with the management team and employees of BMC to execute additional growth strategies designed to expand the Company’s capabilities and enhance its relationships with customers and partners around the world.”

The transaction, which is expected to close later this year, is subject to approval from BMC shareholders, regulatory approvals and other customary closing conditions.

For more information, go to www.bmc.com.


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