KKR To Acquire BMC Software For Middleware Platform
Summary
KKR did not file an 8-K or disclose a change in financial guidance, but said it was making the ‘investment primarily from its twelfth Americas Private Equity investment fund.’ This fund raised $13.9 billion and was closed in March 2017 .In an ever-changing IT environment that is only becoming more complex, companies that help simplify and manage this essential infrastructure for their enterprise customers play an increasingly important role.Chens statement has been interpreted in various reports that KKR may use BMC as a platform for a merger strategy with other technology companies to enable it to expand the reach of its recently-developed solutions under existing PE owners Bain, GGC and others.BMC provides middleware software solutions to enterprises and has recently improved its technology offerings under existing owners Bain, GGC and others.KKR intends to combine BMC with other technology companies to reignite growth, possibly to prepare it for reintroduction to public markets in a few years.