Sep 09, 20 new york city, september 10, 20 bmc software, inc. Bmc software mergers and acquisitions summary mergr. Jon simonfeature photo servicebmc softwarehandout via reuters. The acquisition of bmc, which provides software that helps. P global have assigned the company junk ratings and raised red flags over the high debt levels it sustained from its 20. Under the deal terms, the buyers group, which includes the government of singapore investment corporation and insight venture partners. An investor group led by bain capital llc and golden gate capital lp agreed on may 6 to pay. The bain capital llc consortium that bought bmc software inc. Bmc software has acquired 29 companies of its own, including 4 in the last 5 years. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Bmc software continues climb on buyout rumors nasdaq. Bain and golden gate bought bmc, a software provider that helps. Mar 02, 2020 houstons bmc software to acquire rival compuware. Over the past 38 years, bmc has consistently expanded its scope alongside constantly evolving it markets to address the everchanging needs of the global.
May 06, 20 bmc softwares shamoun murtza is shown in this undated handout photo provided by bmc software may 6, 20. Bmc stock, price quote and chart, trading and investing tools. Private equity interest in sustainable software ventures is an ongoing pattern. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital private equity and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation. May 06, 20 a private equity consortium led by bain capital llc and golden gate capital corp. Kkr to buy bmc software in its biggest deal since financial crisis. If completed, a deal would signal the resurgence of the private equity industry. Jun 03, 20 bmc looks leveraged in postbuyout deal after second look. Bmc software signed a definitive agreement to be acquired by a private investor group led by bain. Get breaking news and analysis on bmc software, inc. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital private equity and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation collectively, the investor group. Bmc reported fourthquarter 20 earnings per share of 72 cents, missing the zacks consensus estimate of 74 cents.
Shares of bmc software climbed before the opening bell on new reports that a team of private equity firms may attempt to buy the information technology company as soon as monday. Kirkland, wachtell go 3 for 3 in years biggest lbos. You have to keep customers engaged while designing the new products and experiences they demand. Bmc solutions help optimize your it infrastructure, enabling a secure, costeffective. Mar 05, 20 bmc ultimately explored several options including acquisitions, spinouts, stock splits or a sale, as notes bloomberg. F our years after blackstone group and silver lake management battled to take dell private, buyout firms are back in the market for big leveraged technology deals bmc software, owned by bain capital and golden gate capital, and ca are considering a potential deal that would see the software companies combine as part of a transaction to take ca private. Buyout consortium said near a deal for bmc the new york.
Ayman sayed was named president and chief executive officer of bmc software, inc. Kirkland, wachtell go 3 for 3 in years biggest lbos news. Elliott management joining bmc software buyout group. Bmc to manage their business services and applications across distributed, mainframe, virtual and cloud environments. A private equity consortium led by bain capital llc and golden gate capital corp. Bmc is on the rise again tuesday on word of buyout interest from two separate firms. Bmc software, battling activists at elliott management for the past year. The buyout group, which includes singapores gic special investments pte ltd. Bmc looks leveraged in postbuyout deal after second look. Bmc software completes privatization transaction bain. Bmc is a houstonbased maker of software that lets companies manage. Bmc software is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, onpremise, and mainframe environments.
May 07, 20 the buyout group, which includes singapores gic special investments pte ltd. Bmc software s shamoun murtza is shown in this undated handout photo provided by bmc software may 6, 20. Bmc shareholders ok buyout, elliott associates joins buyer. May 06, 20 jon simonfeature photo service for bmc software shamoun murtza of bmc software demonstrates a new mobile application.
The deal would be one of the largest leveraged buyouts so far this year. The companys most targeted sectors include software 82% and information. Bmc software said to be in talks to buy ca techcentral. However, bmc s strong free cash flows and modest net debt load mean that at the reported buyout price, bain and golden gate are getting the company for just 11 times free cash flow. Gartner names bmc a leader in the itsm magic quadrant for the 6 th year in a row. Jon simonfeature photo service bmc software handout via reuters.
Several private equity firms are reportedly lining up to bid on the houstonbased developer of it management software. Bmc software has acquired in 9 different us states, and 6 countries. Representatives for bmc, bain and golden gate declined to comment or were not immediately available for comment. Bmc offers saasbased and onpremise software and services in areas including cloud computing, it service management, automation, it operations, and mainframe. Business software maker bmc software inc, whose anemic growth has been. Bmc ultimately explored several options including acquisitions, spinouts, stock splits or a sale, as notes bloomberg. Bain group recapitalizes its bmc investment wall street prep. Bmc stock was originally traded on nasdaq under the symbol bmcs and on the new york stock exchange with symbol bmc, but the. Bmc software completes privatization transaction bain capital. However, bmcs strong free cash flows and modest net debt load mean that at the reported buyout price, bain and golden gate are getting the company for just 11 times free cash flow.
Kkr, which has investments in enterprise software firms such as epicor and calabrio, said it would push to accelerate bmcs growth, a strategy that. Business software maker bmc software inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by bain capital and golden. Bmcs 4q earnings mixed, seeks buyout analyst blog nasdaq. Kkr to buy bmc software in its biggest deal since financial. There is no financing condition associated with the proposed acquisition. The price of a potential deal was reported earlier by reuters. The deal should help reassure market observers that deals arent stalled this year.
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