Paul, Weiss represented Elliott Management Corp. in a $6.9 billion acquisition of BMC Software by a consortium led by Bain Capital and Golden Gate Capital Corp. Elliott currently holds over nine percent of BMC’s common stock, making it the company’s second-largest shareholder. The transaction represents the culmination of an activist effort that began in the summer of 2012 with a successful proxy contest in which Elliott added two directors to BMC’s Board.
The Paul, Weiss team included corporate partners Robert Schumer and Steven Williams; and litigation partners Daniel Kramer and Aidan Synnott.