KKR to Buy BMC Software From Private-Equity Led Group -- Update
May 29 2018 - 8:31AM
Dow Jones News
By Allison Prang
KKR & Co. has agreed to buy BMC Software from an investor
group led by private-equity firms for an undisclosed amount.
KKR said Tuesday it is buying the Houston-based software company
from a group that includes Bain Capital Private Equity and Golden
Gate Capital along with Insight Venture Partners, hedge fund
Elliott Management Corp. and GIC.
BMC, founded in 1980, was taken private in September 2013 in a
roughly $7 billion deal. The company has more than 10,000 customers
and about 6,000 employees across the world.
The software company had been looking at combining with CA Inc.,
a software company based in New York, but those talks ended last
year, The Wall Street Journal had reported.
Before it went private, BMC had been fighting with activist
investor Elliot Management, which didn't want BMC to stay
independent.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 29, 2018 08:16 ET (12:16 GMT)
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