Clearlake Capital to Acquire Quest Software
Private equity firm Clearlake Capital Group LP has agreed to acquire Californian tech company Quest Software from its current owner, Francisco Partners. The terms of the planned transaction have not been disclosed. However, Quest has been valued at $5.4bn, including debt, according to unnamed sources quoted by The Wall Street Journal. A statement announcing the acquisition was released earlier today. It revealed that current CEO of Quest, Patrick Nichols, will remain at the helm after the acquisition has been completed to lead the existing executive…
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