KKR buys BMC Software from Bain, others in deal said to be worth $8.3b
Summary
KKR & Co. agreed to acquire BMC Software Inc. in a deal that valued the information technology management provider at about $8.3 billion including debt, according to a person familiar with the matter.Since going private in September 2013, the company has invested hundreds of millions of dollars in research, development and product delivery initiatives, according to the statement.KKR intends to be more aggressive when it comes to M&A and is open to small as well as large transactions, according to a person familiar with the firm’s strategy who asked not to be identified because the matter was private.BMC had also attracted interest from private equity firm Thoma Bravo this year, other people with knowledge of the sale process had said.Before Tuesday, buyout firms had announced three $1 billion-plus technology acquisitions this year, including takeovers of Mitel Networks Corp., VeriFone Systems Inc. and CommerceHub Inc., according to data compiled by Bloomberg.