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Final buyout bids for BMC Software due on April 22

12 Apr 2013

software6_sqBuyout firms are reportedly ready to submit final bids for business technology specialist BMC Software on April 22.

Buyout firm Thoma Bravo has joined a group led by KKR and TPG Capital, which will bid against a consortium that includes peers Bain Capital and Golden Gate Capital according to Reuters, which cited four people close to the matter.

The groups are currently finalising financing for the bids, the sources said. According to one of them the final bids could be from the mid-to-upper $40s per share.

The bidders are likely to face challenges including a recent surge in its share price and options around its two units, mainframe and enterprise service management businesses, said one of the sources.

KKR was also part of a consortium that has recently offered $11bn for testing equipment maker Life Technologies.

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