KKR to buy enterprise software firm BMC

KKR to buy enterprise software firm BMC
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By Reuters
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(Reuters) - Investment firm KKR & Co will buy enterprise software provider BMC Software from an investor group, the companies said on Tuesday.

The group includes Bain Capital Private Equity, Golden Gate Capital, GIC, Insight Venture Partners and Elliott Management.

Citing a single source familiar with the deal, the New York Post reported last week BMC could be worth around $10 billion (7.5 billion pounds), having been bought by Bain and Golden Gate for $6.9 billion in 2013.

The statement on Monday gave no indication of the deal value.

Credit Suisse, Goldman Sachs, Jefferies, Macquarie and Mizuho Bank provided financing for the acquisition, which is expected to close in the third quarter of 2018.

Goldman Sachs, Credit Suisse and Morgan Stanley were BMC's financial advisers, while Macquarie Capital advised KKR.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Sai Sachin Ravikumar)

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