NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday.
Bain and Golden Gate offered more than a rival consortium of KKR & Co LP , TPG Capital LP and Thoma Bravo LLC, the sources said. The exact bids could not immediately be learned.
BMC Software has not granted exclusivity to Bain and Golden Gate and the rival consortium could still raise its bid, or the business technology company may yet decide not to sell at all, said the sources, who asked not to be identified as the matter is not public.
BMC Software, KKR and Thoma Bravo did not respond to requests for comment while TPG, Bain and Golden Gate declined to comment.
BMC Software shares ended trading at $45.58 on Tuesday, giving the company a value of $6.5 billion. It competes with Oracle Corp , SAP AG , CA Inc and Compuware and has been under pressure from Paul Singer's activist hedge fund Elliott Associates LP to sell itself since last year.
(Reporting by Soyoung Kim and Greg Roumeliotis in New York; Editing by Gary Hill)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
