KKR portfolio company BMC has signed a definitive agreement to purchase Compuware, a Thoma Bravo company. Compuware is a provider of mainframe application development, delivery, and support solutions. The transaction is expected to be completed in the coming months subject to customary closing conditions.

This will be one of the largest acquisitions in BMC’s history and the company’s third acquisition in less than two years, said BMC in a statement. Financial terms of the transaction were not disclosed.

The combination of BMC and Compuware will build upon the Automated Mainframe Intelligence (AMI) and the Topaz suite, ISPW technology, and product portfolios from Compuware, said BMC.

Macquarie Capital and Jefferies acted as financial advisors to BMC and KKR, and Simpson Thacher and Bartlett served as BMC counsel. Credit Suisse served as financial advisor to Compuware, and Kirkland and Ellis served as legal counsel.

Image courtesy: [Compuware]