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Wednesday, June 21, 2017

Is BMC Software looking to acquire CA?

#BMCSoftware and #CA Inc are reportedly considering a potential merger which, if the deal goes ahead, could be the biggest tech buyout since #Dell. According to reports from Bloomberg, the deal would see the software companies combine as part of a move to take CA private. According to people familiar with the matter, the companies have already approached banks about putting together a debt package to finance a BMC buyout of CA. Talks are, however, still at an early stage with no certainty that a deal will be reached. Rumours of a buyout saw shares in CA rise as much as 17% in late trading on Tuesday, valuing the company at around $13.2bn. BMC has been owned by Bain Capital and Golden Gate Capital since 2013, following a buyout which took the company private. That deal was valued at around $6.9bn, according to Bloomberg. If the deal were to go ahead, it has the legs to potentially eclipse the Dell leveraged buyout. The deal, which was valued at at almost $25bn in 2013, saw a group led by Michael Dell and Silver Lake Management buy Dell Inc.

http://www.cbronline.com/news/enterprise-it/software/bmc-software-looking-acquire-ca/

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