Mitt Romney
Bain Capital, the private equity firm once headed by Mitt Romney, has its eye on Compuware.
The Wall Street Journal reports that Bain Capital LLC and Golden Gate Capital are buying BMC Software Inc. and have also discussed acquiring Compuware and combining the two companies.
Reporter Sharon Terlep of the Wall Street Journal writes:
On Monday, a group led by Bain Capital LLC and Golden Gate Capital agreed to buy Houston-based BMC Software for about $6.9 billion or $46.25 per share. Bain and Golden Gate have also discussed buying Compuware, as they see potential for cost savings and other opportunities by combining the firms, the people said.
Like BMC, Compuware develops software for companies. BMC is more than twice the size of Detroit-based Compuware, which sports a $2.5 billion market value.
The report also said Goldman Sachs Group Inc. has been tapped to sell Compuware.
Romney ran Bain from 1984 to 1999. During his presidential bid, his opponents accused him of "looting" companies and being a "vulture capitalist."
Compuware Ventures, a division of Compuware, provided funding for Deadline Detroit.
Romney's brother G. Scott Romney, a partner at the law firm of Honigman Miller Schwartz and Cohn, is a member of the Compuware Board of Directors.
