Private equity deals

BMC Software (Nasdaq: BMC) is expected to receive buyout bids in excess of $6 billion from at least three private equity groups, according to Reuters. One group includes KKR and TPG Capital, while another includes Bain Capital and Golden Gate Capital. Thoma Bravo is involved in the third group.

KPS Capital Partners has agreed to acquire the specialty paper business of Wausau Paper (NYSE: WPP), including its Rhinelander and Mosinee mills, for an initial cash purchase price of approximately $130 million. Under terms of the deal, Wausau would have the option to retain up to a 25% ownership of the new company, plus the chance to earn up to an additional 5% stake based on performance milestones. The transaction still requires ratification of a new collective bargaining agreement with the United Steelworkers.

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