Reuters reported on Thursday that a group of private equity firms are collaborating to take BMC Software private.
Citing three unnamed sources said to be familiar with the talks, the deal is said to be worth approximately $6 billion with final bids slated to emerge within the next few weeks.
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.
BMC hasn't commented publicly on the matter yet, but shares for the cloud and IT services business jumped by roughly 3.8 percent as the reports emerged this morning.