M&A Deal Summary

BMC Acquires Compuware

On March 2, 2020, BMC acquired information technology company Compuware from Thoma Bravo and Manulife Investment Management

Acquisition Highlights
  • This is BMC’s 4th transaction in the Information Technology sector.
  • This is BMC’s 21st transaction in the United States.
  • This is BMC’s 1st transaction in Michigan.

M&A Deal Summary

Date 2020-03-02
Target Compuware
Sector Information Technology
Buyer(s) BMC
Sellers(s) Thoma Bravo
Manulife Investment Management
Deal Type Add-on Acquisition
Advisor(s) Credit Suisse Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Compuware

Detroit, Michigan, United States
Compuware Corp. empowers the world’s largest companies to excel in the digital economy by taking full advantage of their mainframe investments. Compuware Corp. does this by delivering innovative software that enables IT, professionals, with mainstream skills to develop, deliver and support mainframe applications with ease and agility. Our modernized solutions uniquely automate mainframe work, integrate into a cross-platform DevOps toolchain and measure software delivery quality, velocity and efficiency.

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Buyer(S) 1

Buyer

BMC

Houston, Texas, United States

Category Company
Founded 1980
Sector Software
Employees6,700
DESCRIPTION
BMC's corporate headquarters in Houston, Texas.
BMC's corporate headquarters in Houston, Texas.

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.


DEAL STATS #
Overall 27 of 32
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 27 of 32
State (Michigan) 1 of 1
Country (United States) 21 of 24
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 CorreLog

Naples, Florida, United States

CorreLog delivers software solutions for security and compliance auditing professionals who need more advanced network and system security, and improved adherence to key industry standards for protecting data. CorreLog was established in 2007 and is headquartered in Naples, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Alderstone Consulting

Cheltenham, United Kingdom

Alderstone Consulting is a provider of ITSM adoption and modernization solutions. Alderstone Consulting was founded in 2008 and is based in Cheltenham, United Kingdom.

Buy -

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 48 of 78
Sector (Information Technology) 13 of 20
Type (Add-on Acquisition) 21 of 36
State (Michigan) 2 of 2
Country (United States) 46 of 72
Year (2020) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Autodata Solutions Group

London, Ontario, Canada

Autodata Solutions Group provides SaaS and software solutions that increase the effectiveness of the automotive sales chain and help put vehicles in consumers' driveways. Autodata Solutions Group was founded in 1990 and is based in London, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Command Alkon

Birmingham, Alabama, United States

Command Alkon solutions deliver supply chain integration and frictionless digital collaboration across the heavy construction ecosystem. CONNEX, a many-to-many technology platform purpose-built for the industry that enables business partners to automate inter-enterprise operations, capture real-time visibility into heavy material orders and deliveries, leverage leading-edge software experiences to achieve mutually beneficial goals, and share knowledge to manage by exception and promote certainty of outcomes. Command Alkon was founded in 1970 and is based in Birmingham, Alabama.

Buy -
SELLER

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 14 of 19
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 4 of 7
State (Michigan) 2 of 2
Country (United States) 13 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Trivium Packaging

Amsterdam, Netherlands

Trivium Packaging will serve a diverse range of major multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty, and personal care, household care and premium beverages. Trivium Packaging is based in Amsterdam, Netherlands.

Sell $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Advicent Solutions

Milwaukee, Wisconsin, United States

Advicent Solutions is a provider of SaaS-based technology solutions for the financial advice and planning industry. Advicent Solutions’ products include web-enabled marketing communications, needs assessment, and financial planning tools, and are used by more than 250,000 financial professionals across more than 2,700 customers. Small and medium-sized businesses and some of the world’s largest financial institutions trust Advicent’s products to help grow their business. Advicent Solutions was founded in 1995 and is based in Milwaukee, Wisconsin.

Sell -