BMC Software has agreed to be taken private by a team of firms led by Bain Capital and Golden Gate Capital for $46.25 per share in cash, giving the transaction a value of about $6.9 billion. Elliott Associates, which owns 9.6% of the software company, pushed it to find a buyer last year, but BMC was unable to conclude a deal. The transaction marks one of the biggest leveraged-buyout deals in 2013, and an "example of how certain, more-mature technology companies are becoming attractive to buyout firms," Mike Spector, Sharon Terlep and Ryan Dezember write.

Related Summaries