Tech

Clear Lake Capital Purchases Quest Software from Francisco Partners

Private equity firm Clear Lake Capital has signed a deal to purchase Quest Software Ink from Francisco Partners and is valued at $ 5.4 billion, including debt, the Wall Street Journal reported on Sunday.

The deal will be officially announced on Monday, the report added.

Quest is part of Dell’s software division, which will focus on its technology portfolio in 2016 and strengthen its balance sheet after agreeing to acquire data storage company EMC for $ 67 billion in October. Sold to.

Quest provides software solutions for IT departments, from database management to data protection.

Clearlake, Quest, and Francisco Partners did not immediately respond to Reuters’ request for comment.

According to a WSJ report, Clear Lake has paid 10.9 times the revenue of interest, taxes, depreciation and pre-amortization quests for the past 12 months.

Read all the latest news, Breaking news When Coronavirus news here.follow me Facebook, twitter When telegram..



Clear Lake Capital Purchases Quest Software from Francisco Partners

Source link Clear Lake Capital Purchases Quest Software from Francisco Partners

Related Articles

Back to top button