Comprehensive M&A data with integrated detailed company information
BMC Software mulling IPO: Reuters
Posted on Monday, 12 February 2018 13:10
US technology firm BMC Software is considering going public via an initial public offering (IPO), according to Reuters.
Citing people with knowledge of the matter, the news provider said discussions are underway with investment banks.
The sources, who did not wish to be identified as the process is confidential, said the move could value the business at over USD 10.00 billion, including debt.
However, as yet it is not clear when BMC could be likely to float and none of the companies involved have commented on the report.
Reuters noted that the deliberations have come about as Bain and Golden Gate Capital look to exit the business they acquired via Boxer Parent Company for USD 6.80 billion back in September 2013.
In June of last year, Reuters cited a source in the know as saying that BMC was considering a bid to acquire IT application and infrastructure management software provider CA.
However, people told the news provider the proposed combination collapsed over debt financing disagreements.
BMC employs some 6,000 people across 30 countries and has a global customer base numbering in excess of 10,000.
The firm’s annual revenue stands at around USD 2.00 billion.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 173 IPOs announced worldwide since the beginning of 2018.
The most valuable of these closed last week, when Spanish real estate firm Metrovacesa floated in Barcelona, Madrid, Valencia and Bilbao, raising USD 879.00 million in the process.
This was followed by a USD 744.74 million listing by Italian acquisition vehicle Spaxs, which began trading on the Borsa Italiana at the start of this month.
Other companies to have announced IPOs this year include UK-based industrial rubber power transmission belts and hoses maker Gates Industrial and German real estate developer Instone Real Estate Group.
© Zephus Ltd