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Buyout teams going head to head for $6bn software maker BMC

21 Mar 2013

server_lrgPrivate equity heavyweights KKR and TPG have reportedly teamed up against Bain Capital and Golden Gate Capital in an attempt to buy $6bn-valued business software maker BMC.

Thoma Bravo is leading a third consortium in an attempt to buy the business according to Reuters, which cited four people familiar with the matter.

Texas-based BMC’s shares were up by nine per cent at one point today following the news, and had risen 3.41 per cent at 17.43GMT compared to yesterday’s close, giving the business a market capitalisation of $6.51bn.

Reuters said bidding was past the first round and management presentations were taking place, with final bids expected in the next few weeks.

The company makes software which aims to help businesses manage their services and applications across physical and cloud-based networks.

It had revenues of about $2.2bn in 2012.

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