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Clearlake Capital to Buy Quest Software

Clearlake Capital has agreed to purchase Quest Software in Aliso Viejo from Francisco Partners, Quest said in a statement today. The Wall Street Journal said the deal is worth $5.4 billion.

Patrick Nichols, current CEO of Quest, will continue to lead the company supported by the existing executive management team. Upon closing of the transaction, Clearlake will become the majority shareholder in Quest.

The transaction is expected to close in the first quarter of 2022.

Terms of the transaction were not disclosed.

Sidley Austin LLP acted as legal advisor to Clearlake.

Orange County entrepreneur Vinny Smith picked up $800 million by selling Quest Software to Dell in 2012.

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