Willkie Advises on $6.9 Billion Consortium Acquisition of BMC Software

May 6, 2013

Firm represents Insight Venture Partners as part of private investor group in deal to acquire Houston-based software company BMC Software.

On May 6, it was announced that Houston-based software company BMC Software has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Willkie client Insight Venture Partners. Pursuant to the agreement, affiliates of the investor group will acquire all outstanding BMC common stock for $46.25 per share in cash, or approximately $6.9 billion.

With revenue of $2.2 billion (as of FY ended 3/31/13), BMC manages business services and applications across distributed, mainframe, virtual and cloud environments for more than 20,000 IT organizations in over 120 countries. New York-based Insight Venture Partners is a leading venture capital and private equity firm investing in eCommerce, Internet, on-premise and SaaS-based software and data-services companies. Since its founding in 1995, the company has raised more than $6 billion and made more than 190 investments. In recent years, Willkie has represented Insight in a host of transactions including its $2 billion leveraged buyout agreement for Quest Software; the sale of TicketMonster, an Insight portfolio company in S. Korea, to Living Social; and the sale of DailyDeal GmbH, an Insight portfolio company in Germany, to Google.

The current deal was handled by partners Gordon Caplan, Morgan Elwyn, William Dye and Jeffrey Korn and associate Gal Davidovitch.