District court for the eastern district of texas in marshall and one in germany. Highlights from 2015 and implications for 2016 cadwalader. Get breaking news and analysis on bmc software, inc. The firm is a direct lender and capital markets intermediary. The companys international headquarters is located in houston, texas, united states. Justia us law case law delaware case law delaware court of chancery decisions 2015 merion capital lp and merion capital ii lp v. Merion capital lp and merion capital ii lp, bmc software. Kirklands allon helps lead bmc delaware chancery court. Moores, and dan cloer as a contract programming partnership in the late 1970s. The company was founded in september 1980, and has its headquarters located in houston, texas. The market coverage if the bmc software company is over 120 countries. Houstonbased bmc software is being acquired by global investment firm kkr, a deal that analysts say could provide more funding to the 38. Recent delaware rulings support practice of appraisal.
Bmc software to be acquired by global investment firm kkr. Servicenow, three patent infringement suits filed by bmc, two in the u. The company wrote mainly software for ibm mainframe computers the company changed its name to bmc software in 1980 and began trading on the nasdaq in 1988. This organization primarily operates in the application computer software business industry within the business services sector.
By emily wilkinson managing editor, houston business journal. Bmcs digital enterprise management set of it solutions is designed to make digital business fast, seamless, and optimized. Kkr invests its own capital alongside the capital it manages for fund. The company was founded in houston, texas, by former shell oil employees scott boulette, john j. Hedge fund scores win for appraisal arbitrage strategy. Receive free daily summaries of new opinions from the delaware court of chancery. Headquartered in houston, bmc software serves more than 10,000. Private equity firm closes deal to buy houstons bmc software. The company was acquired from a private investor group led by bain capital private equity and golden gate capital together with gic. Bmc, of houston, provides software to help companies organize their. Bmc solutions help optimize your it infrastructure, enabling a secure, costeffective.
Bmc is a software companyone of the largest in the world at the time of the mergerspecializing in software for information technology. Bmc software announces stockholder approval of merger. In bmc software, petitioner merion capital lp merion sought appraisal for 7. For a reprint of this article, please contact reprints. Merion, the beneficial owner of the shares, requested its broker to direct the nominee record holder of its shares to demand. Bmc stock, price quote and chart, trading and investing tools.
Bmc helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex it problems. The decision throws cold water on arguments by merion capital and merion capital ii lp that their 7. Bmc software 2103 citywest blvd, houston, texas 77042 rated 4. The following article was reported by the august 1, 2016 issue of. Merion capital lp urged a delaware chancery judge on tuesday to reprice its holdings in bmc software inc. Software capital llc filed as a foreign limited liability company llc in the state of texas on thursday, november 21, 2002 and is approximately eighteen years old, as recorded in documents filed with texas secretary of state. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally. The october 21, 2015 decision, merion capital lp and merion capital ii lp v. Find 258 listings related to bmc capital in central houston on. Merion capital lp and merion capital ii lp acquired stock in bmc for the sole purpose of seeking appraisal in connection with the sale. Macquarie capital is acting as exclusive financial advisor to kkr, with.
On october 21, 2015, the delaware court of chancery issued a posttrial opinion in an appraisal action in which it yet again found that the merger price was the most reliable indicator of fair value. With unmatched experience in it management, we support 92 of the forbes global 100 and have earned recognition as an itsm gartner magic quadrant leader for five years running. Thats why more than 20,000 it organizations from the global 100 to the smallest businesses in over 120 countries rely on bmc software nasdaq. The court held that the merger price was the best indicator of the fair value of the target and elected against. Bmc software salaries in houston, tx area glassdoor. Gartner names bmc a leader in the itsm magic quadrant for the 6 th year in a row. Petitioners merion capital lp and merion capital ii lp collectively, merion are selfdescribed eventdriven investment funds,5 or, in the words of the respondent, hedge funds that specialize in appraisal arbitrage. Kkrs bmc deal adds leverage two years after fed caution.
Bmc that were purchased after the record date for a goingprivate merger. Bmc software reportedly in talks to combine with ca inc. At bmc software, every day, he is learning new technologies, since he is one of the main companies in software development and generates new tools for different platforms. Bmc is a software companyone of the largest in the world at the time of. Bmc is a houstonbased maker of software that lets companies manage. Since middle school, bmc software gc pat tagtow knew his. Bmc software, an appraisal action in which the plaintiffs alleged that the sale price for bmc did not reflect the fair value of the growing concern. The company provides information technology it management solutions for large, midsized. From mainframe to mobile to cloud and beyond, bmc pairs highspeed digital innovation with robust. In my case, i am working in the z os environment, and it is a lot to learn every day. Kkr to buy bmc software from bain capital, golden gate, other. Salaries posted anonymously by bmc software employees in houston.
Gibson dunn 2015 yearend securities litigation update. You have to be ready to react while still ensuring continuity in service. All content is posted anonymously by employees working at bmc software. Our capital markets expertise and local real estate knowledge allow us to provide the best capital markets execution to our clients. Bmc to manage their business services and applications across distributed, mainframe, virtual and cloud environments. Bmc is a global leader in software solutions that help it transform traditional businesses into digital enterprises for the ultimate competitive advantage. Petitioners merion capital lp and merion capital ii lp collectively, merion are selfdescribed eventdriven investment funds, 5 or, in the words of the respondent, hedge funds that specialize in appraisal arbitrage. Vice chancellor glasscocks opinion in merion capital lp v. This organization has been operating for approximately 9 years. Moores, and dan cloer, whose surname initials were adopted as the company name bmc software. Merion, the beneficial owner of the shares, requested its broker to direct the nominee record holder of its shares to demand appraisal with respect to the purchased shares on merions behalf, but the broker refused. Major investment firm to buy houstons bmc software.
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