A consortium consisting of Bain Capital and Golden Gate Capital Corp are near to finalizing a deal that would lead to the acquisition of BMC Software. The announcement is expected to be made on Monday as confirmed with Reuters by two anonymous sources familiar with the matter.
The final negotiated share price would be around US$46 per share making the deal well worth over US$6.5 billion. The negotiations are still ongoing and the terms may still change, according to the sources.
Calls to confirm the transaction were not returned to BMC and Bain Capital. Golden Gate Capital officials did not provide any comment.
The deal would be counted as one of the biggest leveraged buyouts for 2013. The largest one to date is the pending buyout by Silver Laker Partners and Dell founder Michael Dell for Dell Inc for US$24.4 billion. Silver Lake would carry only about a fourth of equity stipulated in that deal.
BMC Software is based out of Houston, Texas and shares ended up at US$45.42. It is in competition with other major software companies.
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