Bain Capital, Golden Gate Capital near BMC Software buyout

The two private equity firm is close to sealing a deal to acquire the software vendor for US$46 per share, edging out reported rivals KKR & Co and TPG Capital in the process.

BMC Software may be acquired by a private equity firm for US$46 per share in a deal which could be announced as early as Monday.

Reuters reported last Sunday the private equity group comprising of Bain Capital and Golden Gate Capital are currently negotiating an agreement to acquire the software vendor in a deal which would be worth more than US$6.5 billion, according to two unnamed sources familiar with the matter.

Discussions are still ongoing and the terms of the deal may still change, they added.

Reuters added calls to BMC and Bain were not answered while Golden Gate Capital declined to comment.

Bain Capital and Golden Gate Capital were earlier identified as one of two private equity groups competing to acquire BMC, and it appears to have edged the other group comprising of KKR & Co and TPG Capital.





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