BMC Software Closes Its Big Going Private Deal

BMC Software, an American company specializing in business service management software, has closed its big going private deal, in a $6.9 billion deal financed by private equity investors Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd and Insight Venture Partners.

In a latter to customers and partners, BMC’s Chairman and CEO, Bob Beauchamp, said that the transaction is “good news” and that going private will allow the company to “move faster” and deliver the solutions its customers have been asking for. BMC announced the deal in May. Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, BMC, BMC Software, Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd, Insight Venture Partners, Bob Beauchamp.


BMC Software Becomes a Private Company in a $6.9B Deal

BMC Software, Inc., an American company specializing in business service management software, announced it has completed its move to go private with its acquisition by a group of investors led by private equity companies Bain Capital and Golden Gate Capital.

This is an exciting day for BMC Software, including our employees, our partners and our new owners,” said Bob Beauchamp, the Company’s chairman and chief executive officer. “Most importantly, this transaction is very good news for our customers. As a private company, we will be able to innovate more quickly than ever before and deliver the most valuable IT management solutions in the industry.”

“BMC is the leading global provider of cloud, mainframe and mobile IT management solutions to enterprises across the globe,” Ian Loring, managing director at Bain Capital, said. “We are excited to support BMC’s management team as they drive profitable growth. Working together, we will deliver innovative new IT management solutions that transform the way companies – and their employees — do business.” Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, BMC Software, BMC Software, Inc., Software, Computer, Bain Capital, Golden Gate Capital, Bob Beauchamp, IT, Ian Loring, Insight Venture Partners, GIC Special Investments Pte Ltd, GIC, Elliott Management Corporation.


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