Private equity deals

May 6, 2013, 6:16 PM UTC
Fortune

Bain Capital and Golden Gate Capital have agreed to acquire enterprise software company BMC Software (Nasdaq: BMC) for approximately $6.9 billion, or $46.25 per share. GIC Special Investments and Insight Venture Partners also are participating, while Elliott Management plans to vote its 9.6% ownership stake in favor of the deal. The losing bidder was a consortium comprised of KKR, TPG Capital and Thoma Bravo. There will be a 30-day “go-shop” period during which BMC may solicit superior offers. www.bmc.com

CCMP Capital has acquired Pure Gym, a British low-cost fitness club chain, for an undisclosed amount. www.puregym.com

Pancon Corp., a Stoughton, Mass.-based maker of connectors and capacitors for use in power and signal applications, has agreed to acquire Sunstone Components Group, a bankrupt provider of precision metal stamping and insert injection moldings. No financial terms were disclosed. Pancon Corp. is a portfolio company of Milestone Partners. www.panconcorp.com

Waddington North America Inc., a Covington, Ky.–based maker of rigid plastic foodservice disposables, has agreed to acquire Par-Pak Ltd., a Canadian maker of rigid plastic packing products. The deal is valued at more than $300 million, according to LBO Wire. Waddington North America is a portfolio company of Olympus Partners. www.parpak.com

API Heat Transfer, a Buffalo, N.Y.-based maker of industrial heat exchangers, has completed a recap that includes a new $300 million first-lien credit facility. Part of the proceeds will be used to pay a dividend to company owner Wellspring Capital Management. UBS Securities, RBC Capital Markets and GE Capital Markets served as joint lead arrangers on the credit facility. www.apiheattransfer.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com