Bain, Golden Gate enter battle for Compuware

|About: Compuware Corporation (CPWR)|By:, SA News Editor

Bain and Golden Gate Capital have reportedly teamed up to make a bid for software provider Compuware (CPWR), whose market cap is $2.34B.

The private-equity firms agreed to acquire larger rival BMC Software (BMC) in May, although they wouldn't necessarily merge Compuware with BMC.

Bain and Golden Gate could face competition from Thoma Bravo and Vista Capital.

Any deal could represent an exit for activist investor Elliot Management, Compuware's largest shareholder with an 8.6% holding. Elliot tried to buy Compuware a year ago but was rebuffed.