Singapore’s GIC backs BMC Software take-private
Government of Singapore Investment Corporation (GIC) is participating in the $6.9 billion take-private of US enterprise software provider BMC Software, led by Bain Capital and Golden Gate Capital. It is the third-largest global PE deal announced so far this year, after Berkshire Hathaway and 3G Capital’s acquisition of Heinz and the Silver Lake-backed management buyout of Dell.
The investor group, which also includes Insight Venture Partners, has agreed to pay $46.25 per share in cash for all outstanding BMC common stock. It represents a 1.8% premium to BMC's closing price on...
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