Moelis & Company has been engaged by private equity firm Bain Capital to advise on a potential sale of Rocket Software. The U.S. automation software provider could be valued at as much as $10 billion, including debt, in the transaction.
Bain Capital has tapped Moelis and RBC Capital to guide Rocket Software through its sale process, which is anticipated to launch in the coming weeks. This mandate underscores Moelis's role in significant M&A transactions within the technology sector.
Rocket Software is reportedly seeking a valuation equivalent to more than 10 times its earnings before interest, taxes, depreciation, and amortization, which is nearly $800 million. This large-scale advisory role is expected to contribute significantly to Moelis's deal pipeline and fee generation.
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