Friday, January 26, 2007 - Siemens buys UGS for $3.5B

"Munich-based Siemens will pay $2.1 billion in cash and absorb $1.4 billion in debt to buy Plano, Texas-based UGS from private equity owners Bain Capital LLC, Silver Lake Partners and Warburg Pincus.
The three buyout shops stand to make a 140% to 150% gain on their investment after less than three years. The consortium had invested $1 billion in common and preferred equity in a $2.05 billion leveraged buyout of UGS in May 2004, one of the largest tech buyouts at the time."

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