Private Equity Firms Behind Bidding War For MSC.Software Revealed

The mysterious private equity firms in a bidding war for Santa Ana-based MSC Software are Vector Capital and Golden Gate Capital, according to a report from TheDeal, citing sources close to the negotiation efforts. A group of unnamed, private equity firm have been bidding against Symphony Technology Group to gain control of MSC, which makes simulation software used to develop and test product designs. The latest bid on MSC.Software was on Tuesday, when the undisclosed group of private equity firms offered $8.30 per share in cash for MSC.Software. That bid trumped the $8.15 per share in cash offered for MSC.Software by Symphony on September 16th. Bidding is well above the initial offer for MSC.Software from Symphony Technology Group and its subsidiary, Maximus Holdings, which came in at $7.63 per share in cash.