Computer circuit board
Computer circuit board

Technology

Making history in the software sector with KKR

Macquarie Capital advised KKR on its acquisition of BMC Software in the largest PE-backed software acquisition since 2008.

Sector Technology
Sub-sector Software
Location United States

Opportunity

Connecting BMC with private capital. 

BMC is a global systems software provider that helps companies manage and optimize their tech support functions across cloud, hybrid, on-premise and mainframe environments.

Their software serves functions across IT service management, data centre automation, performance management, virtualization lifecycle management and cloud computing management.

Based in Houston, Texas, BMC has more than 10,000 customers, including 92% of the Forbes Global 100 and 49 of the top 50 commercial banks.1


Approach

Deep sector expertise spanning software and technology.

Macquarie’s long-term partnership with KKR, paired with our comprehensive understanding of the software sector, allowed us to exclusively advise KKR on BMC’s acquisition and move quickly on a financing package.

This represents our 18th transaction for KKR since 2017 (other select financings include WebMD, Heartland Dental and Nature’s Bounty).

BMC’s acquisition was KKR’s largest transaction since 2008 and the biggest private equity-backed software deal since 2008.

Outcome

Preparing the digital enterprise for longstanding IT success.

BMC is focused on helping customers across diverse global enterprises run and reinvent their businesses, leveraging open, scalable and modular solutions to complex IT problems. Through increased access to capital and exposure to KKR’s growing software network, BMC is well-positioned to expand its scale and capability across a highly evolving IT market.

This acquisition adds to KKR’s more than $US26 billion portfolio in the software sector.

As private equity interest in the software industry continues to heat up, Macquarie is committed to helping sponsor clients uncover and facilitate strategic investment opportunities.

$US26 billion

Adds to KKR’s $US26 billion software portfolio

18 transactions

with KKR since 2017

Exclusive

buy-side advisor to KKR

“With KKR’s support, and the strength of BMC’s world-class team, we will continue to grow and invest in our future as we drive innovation and results, and meet the changing needs of our customers and the marketplace.”
 

Peter Leave, CEO of BMC

1. Source: https://media.kkr.com/news-releases/news-release-details/kkr-completes-acquisition-bmc-software

Look Beyond Convention.

See how we look beyond to create new possibilities and deliver real business impact to our clients across the Americas.

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