Insight Takes Quest Software Private In $2B Deal

Law360, New York (March 9, 2012, 12:18 PM EST) -- Technology-focused private equity firm Insight Venture Partners LP is taking database applications provider Quest Software Inc. private in a deal valued at $2 billion, the parties said Friday.

Insight, whose $5 billion portfolio includes stakes in Twitter and daily coupon site LivingSocial Inc., will pay $23 per share of Quest stock, a 19 percent premium over Thursday's closing price.

The firm has committed $210 million in equity, which will be combined with more than $1 billion in debt financing from JPMorgan Chase & Co., RBC Capital...
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