BMC Closes Going Private Deal

Houston-based BMC has closed its big going-private deal, in a $6.9 billion deal financed by private equity investors Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd and Insight Venture Partners. In a latter to customers and partners, BMC's Chairman and CEO, Bob Beauchamp, said that the transaction is "good news" and that going private will allow the company to "move faster" and deliver the solutions its customers have been asking for. BMC announced the deal in May.