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Bain Capital and Golden Gate to acquire BMC in $6.9bn deal

7 May 2013

software2_lrgBusiness software provider BMC is to be taken over for $6.9bn by a consortium led by private equity firms Bain Capital and Golden Gate Capital.

GIC Special Investments and Insight Venture Partners are also participating in the deal, which values at the business at $46.25 per share.

The consortium beat out a rival group of KKR, TPG Capital and Thoma Bravo, which reportedly made a binding offer for the business in April.

The acquisition price represents a premium of 15 per cent to its rival CA Technologies, which an Evercore analyst said should draw attention to the relatively low valuations of some of its sector peers, according to the FT.

Earlier this month Reuters said BMC was trading at a 11.5 times its projected 12-month earnings, compared with an 11.1 times average for its peer group.

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