Bain Builds Software AG Stake in Challenge to Silver Lake
- Buyout firm weighs merging German company with Rocket Software
- Silver Lake buys 5% stake on market in move to solidify lead
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Bain Capital has rapidly built a stake in Software AG, raising the prospect of a takeover battle for the German company, people with knowledge of the matter said.
The private equity firm is seeking talks with Darmstadt-based Software AG to discuss a potential combination with Bain portfolio company Rocket Software, said the people, who asked not to be identified because the information is private. Software AG confirmed in filings that Bain has built a stake.