BMC Software, the business technology software developer is in the final stages of takeover bids scheduled for April 22. The potential buyers have been shortlisted to two private equity groups, according to four people familiar with the transaction.

The share values of BMC increased by 1.7% to US $45.50 per share on the NASDAQ. At that price per share, the enterprise value of the firm is at US $6.5 billion.

The two firms are buyout capitalist Thoma Bravo has been joined by KKR & Co LP and TPG Capital LP while the other firm is Bain Capital LLC teamed up with Golden Gate Capital. 

According to the sources, who spoke on condition of anonymity, the respective firms are finalizing the bid terms for financing. By the looks of things, the final bids may be between middle to top US $40 per share. This has been made possible by flexible debt markets that have bolstered private equity bids to seek larger transactions. In order to expand their buying capability, team ups between buyout firms have encouraged the trend.