Bain Capital LLC and Golden Gate Capital agreed to acquire BMC Software Inc., the company that abandoned a sale last year, for $6.9 billion in the third- largest private-equity deal of 2013.

The buyout investors, which also include GIC Special Investments Pte Ltd. and Insight Venture Partners, agreed to pay $46.25 a share in cash, BMC said in a statement today. Elliott Associates LP, which owns a 9.6 percent stake, will vote in favor of the transaction, BMC said.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.