March 23rd, 2013
Private equity firms are joining forces in the auction of BMC Software Inc, four people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that will top $6 billion. [...] Activist investor Elliott Management argued last year that management was neglecting a huge opportunity to use their large installed base to expand into Internet-based business software, a market then dominated by the likes of Salesforce.com Inc. The world’s largest providers of software for enterprises, including Oracle, SAP and Microsoft, had already begun investing heavily in that market.BMC needed a board with a fresh approach in order to keep up, Elliott argued. The investment firm also pointed out significant scope to trim headcount and create a more efficient business.
What if they combined forces with the private Dell?