BMC Software is getting sold to a group of private equity investors led by Bain Capital and Golden Gate Capital for roughly $6.9 billion or $46.24 a share, a higher price than the $6.5 billion expected.
The buyers also include Singapore’s sovereign wealth fund GIC Special Investments and Insight Venture Partners, which focuses its investments on e-commerce, Internet, on-premise and SaaS-based software and data-services companies.
The final details of what was already a binding offer were reportedly worked out over the weekend. The debt financing is coming from Credit Suisse, RBC Capital Markets and Barclays.
Although BMC’s board approved the deal, it’s still got 30 calendar days to solicit alternative proposals from third parties.