M&A Deal Summary

Francisco Partners Acquires Quest

On November 1, 2016, private equity firm Francisco Partners acquired software company Quest from Dell

Acquisition Highlights
  • This is Francisco Partners’ 29th transaction in the Software sector.
  • This is Francisco Partners’ 63rd transaction in the United States.
  • This is Francisco Partners’ 24th transaction in California.
Investment Fate
  • Quest was sold to a consortium of financial buyers in 2021 for 5.4B USD.

M&A Deal Summary
Date 2016-11-01
Target Quest
Sector Software
Buyer(s) Francisco Partners
Sellers(s) Dell
Deal Type Divestiture

Target

Quest

Aliso Viejo, California, United States
website
Quest is a provider of a broad suite of integrated infrastructure software for managing systems, data, and applications. Quest helps organizations be IT resilient by protecting and powering users, endpoints and data, as well as by hardening cybersecurity systems. Quest is based in Aliso Viejo, California.

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Buyer(S) 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 78 of 146
Sector (Software) 29 of 49
Type (Divestiture) 13 of 31
State (California) 24 of 36
Country (United States) 63 of 121
Year (2016) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 SonicWALL

San Jose, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Prometheus Group

Raleigh, North Carolina, United States

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group is based in Raleigh, North Carolina.

Buy -

Seller(S) 1

SELLER

Dell

Round Rock, Texas, United States

website

Category Company
Founded 1984
Sector Technology Hardware
Employees133,000
Revenue 101.2B USD (2022)
DESCRIPTION
Building 7 on Dell's campus in Round Rock, Texas.
Building 7 on Dell's campus in Round Rock, Texas.

Dell is a global provider of technology equipment and information technology software and solutions. Dell Technologies looks to bring together the entire infrastructure from hardware to software to services. Through its recent combination with EMC, Dell Technologies offers next-generation solutions through its Client Solutions Group, Infrastructure Solutions Group, VMware, Inc., RSA Information Security, SecureWorks Corp., Pivotal Software, Inc., Boomi, Inc., and Virtustream, Inc. Dell's solutions enable digital transformation and encompass software-defined data centers, all-flash arrays, hybrid cloud, converged and hyper-converged infrastructure, cloud-native software application development tools, mobile, and security solutions. Dell was incorporated in 1984 and is based in Round Rock, Texas.

DEAL STATS #
Overall 6 of 7
Sector (Software) 3 of 3
Type (Divestiture) 5 of 6
State (California) 3 of 3
Country (United States) 6 of 7
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 SonicWALL

San Jose, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-02 Boomi

Chesterbrook, Pennsylvania, United States

Boomi instantly connects everyone to everything with its cloud-native, unified, open, and intelligent platform. Boomi's integration platform as a service (iPaaS) is trusted by more than 15,000 customers globally for its speed, ease-of-use and lower total cost of ownership. Boomi's vision is to make it quick and easy for customers and partners to discover, manage and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. Boomi is based in Chesterbrook, Pennsylvania.

Sell $4.0B
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