Sidley, Paul Hastings Direct $5.4B PE Swap Of Quest Software

By Benjamin Horney (November 29, 2021, 8:46 AM EST) -- Clearlake Capital will buy IT and cybersecurity software provider Quest from Francisco Partners, the private equity firms said Monday, in a transaction carrying an enterprise value of $5.4 billion and driven by respective legal advisers Sidley and Paul Hastings.

The agreement calls for Santa Monica-headquartered Clearlake to acquire Aliso Viejo-based Quest Software from San Francisco's Francisco Partners, according to a statement. In Quest, Clearlake lands a business that was formerly a unit of Dell Inc. and provides a range of IT- and cybersecurity-related services, including through its One Identity and OneLogin products. As a result of the deal, Clearlake will become...

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