Term Sheet

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Private equity deals

March 22, 2013: 10:23 AM ET

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. www.bmc.com

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. www.wausaupaper.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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