Bain Capital and Golden Gate Capital have agreed to acquire enterprise software company BMC Software (Nasdaq: BMC) for approximately $6.9 billion, or $46.25 per share. GIC Special Investments and Insight Venture Partners also are participating, while Elliott Management plans to vote its 9.6% ownership stake in favor of the deal. The losing bidder was a consortium comprised of KKR, TPG Capital and Thoma Bravo. There will be a 30-day “go-shop” period during which BMC may solicit superior offers. www.bmc.com
CCMP Capital has acquired Pure Gym, a British low-cost fitness club chain, for an undisclosed amount. www.puregym.com
Pancon Corp., a Stoughton, Mass.-based maker of connectors and capacitors for use in power and signal applications, has agreed to acquire Sunstone Components Group, a bankrupt provider of precision metal stamping and insert injection moldings. No financial terms were disclosed. Pancon Corp. is a portfolio company of Milestone Partners. www.panconcorp.com
Waddington North America Inc., a Covington, Ky.–based maker of rigid plastic foodservice disposables, has agreed to acquire Par-Pak Ltd., a Canadian maker of rigid plastic packing products. The deal is valued at more than $300 million, according to LBO Wire. Waddington North America is a portfolio company of Olympus Partners. www.parpak.com
API Heat Transfer, a Buffalo, N.Y.-based maker of industrial heat exchangers, has completed a recap that includes a new $300 million first-lien credit facility. Part of the proceeds will be used to pay a dividend to company owner Wellspring Capital Management. UBS Securities, RBC Capital Markets and GE Capital Markets served as joint lead arrangers on the credit facility. www.apiheattransfer.com
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