trending Market Intelligence /marketintelligence/en/news-insights/trending/uyexofx7prgmccd-besouq2 content esgSubNav
In This List

Bain Capital to buy majority stake in Rocket Software in $2B deal

Video

According to Market Intelligence, February 2023

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

The Cobalt Expansion Drive Is A Copper Story


Bain Capital to buy majority stake in Rocket Software in $2B deal

Boston-based private equity firm Bain Capital Private Equity LP agreed to purchase a majority stake in technology company Rocket Software Inc. in a deal with an enterprise value of about $2 billion. Court Square Capital Partners currently owns Rocket Software.

Rocket Software is a global technology provider specializing in designing and delivering enterprise modernization and optimization solutions. President and CEO Andy Youniss will continue to lead Rocket Software's management team, which will remain intact.

The deal is expected to close during the fourth quarter, subject to regulatory approvals and other customary closing conditions.

Morgan Stanley & Co. LLC and Credit Suisse acted as financial advisers and Dechert LLP served as legal adviser to Rocket Software. Bain Capital sought legal counsel from Kirkland & Ellis, while PwC is its accounting adviser.