Bmc software finance to offer private placement pe hub. Bmc software has acquired in 9 different us states, and 6 countries. Kkr to buy bmc software from privateequity led group wsj. The company, which ranks among the industrys top providers of. In may 20, bmc announced that it was in the process of being. Kkr has completed its acquisition of bmc, a specialist in it solutions for digital enterprise, from a private investor group led by bain capital. Houston and new york, may 29, 2018 prnewswire bmc software bmc, a global leader in software solutions for the digital enterprise, and kkr, a leading global investment firm, today announced the signing of a definitive agreement under which kkr will acquire bmc. Kkr to acquire bmc software from investor group markets. The company is being acquired from a private investor group led.
Kkr and provides it software and services to many of the worlds largest companies. Bmc software, backed by private equity parent kkr, is acquiring mainframe application software provider compuware from thoma. Bmc has unmatched experience in it management, supporting 84 of the forbes global 100, and earning recognition as an itsm gartner magic quadrant leader for six years running. Bmc is a global leader in software solutions that help it transform traditional businesses into digital enterprises for the ultimate competitive advantage. Bmc offers saasbased and onpremise software and services in areas including cloud computing, it service management, automation, it operations, and mainframe. Bmc s digital enterprise management set of it solutions is designed to make digital business fast, seamless, and optimized. Private equity firm kkr is broadening its technology reach as it acquires bmc software from a bain capital and golden gate capital led investor group. Kkr to acquire bmc software from investor group citybizlist. Private equity firms are paid management and performance fees only on investor capital that is deployed on deals. On may 29, 2018, private equity firm kkr announced its acquisition of bmc software, a provider of it operations and service management, outbidding fellow private equity firm thoma bravo. While ipo markets have opened up in recent months with software companies like zuora and docusign going public, bmc.
Kkr has agreed to buy bmc software from an investor group led by privateequity firms for an undisclosed amount. Ayman sayed was named president and chief executive officer of bmc software, inc. Kkr has agreed to buy bmc software from an investor group led by bain capital private equity and g olden gate capital. Bmc software completes privatization transaction bain. The bain capital llc consortium that bought bmc software inc. Bmc software has acquired 29 companies of its own, including 4 in the last 5 years. Houston and new york, may 29, 2018 prnewswire bmc software bmc, a global leader in software solutions for the digital enterprise, and kkr, a leading global investment firm, today. Private equity group kkr has agreed to buy us enterprise software company bmc from a consortium of rivals including bain capital and. Developer of multicloud management software designed to transform businesses into digital enterprises. Kkr to acquire bmc software from investor group bmc. Private equity firm closes deal to buy houstons bmc software. Private equity firm kkr said it will acquire bmc software from an investment group that includes bain capital, golden gate capital and others. Private equity firm kkr is broadening its technology reach as it acquires bmc software from a bain capital and golden gate capital led.
The companys software offers service management, business. In our lbo courses, our students learn that private equity investors have 3 strategies. The bmc deal illustrates that buoyant markets are encouraging privateequity firms to seek bigger deals once again after a dry spell for big buyouts in the wake of the. Houston and new york may 29, 2018 bmc software bmc, a global leader in software solutions for the digital enterprise, and kkr, a leading global investment firm, today announced. The company provides information technology it management solutions for large, midsized and small enterprises and public sector.
Bmc acquiring compuware from thoma bravo channele2e. In bmc, private equity saw a company with stable cash flows and a lot of potential to leverage. Bmc is wellpositioned for future growth and success. Bmc software buys compuware from thoma bravo zdnet. Acquisition and privatization by private equity firms. Peter leav has been the ceo of houstonbased bmc software inc. The company is being acquired from a private investor group led by bain capital private equity. Kkr has agreed to buy bmc software from an investor group led by privateequity. Bmc, which is owned by private equity firms bain capitaland golden gate capital, is no. Compuware is owned by private equity firm thoma bravo. Prior to joining bmc, ayman was president and chief product officer of ca technologies. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital private equity and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation.
Kkr completes acquisition of bmc software pr newswire. The company was acquired from a private investor group led by bain capital private equity and golden gate capital together with gic, insight venture partners, and elliott management. Bain group recapitalizes its bmc investment wall street prep. Headquartered in houston, bmc software serves more than 10,000 customers worldwide, including 92% of the forbes global 100. Kkr to buy bmc software in its biggest deal since financial crisis. Bmc software, a global leader in software solutions for the digital enterprise, and kkr, a leading global investment firm, today announced the signing of a definitive agreement under which kkr will acquire bmc. Kkr today announced the signing of a definitive agreement under which kkr will acquire bmc. The companys most targeted sectors include software. Kkr completes acquisition of bmc software private equity wire. The company is being acquired from a private investor group led by bain capital private equity and golden gate capital together with gic. Kkr to acquire bmc software five years after bain capital and. The companys software offers service management, business automation and security operation and combines big data, ai artificial intelligence and machine learning to enhance and partially replace a broad range of information technologyrelated operations, processes and tasks. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital private equity and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation collectively, the investor group.