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MICROSOFT CORPORATION

(MSFT)
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Clearlake Capital bulks up software portfolio with Quest deal

11/29/2021 | 08:43am EST

Nov 29 (Reuters) - Clearlake Capital Group said on Monday it would buy Quest Software from Francisco Partners, as the investment firm seeks to tap into the pandemic-spurred surge in demand for enterprise software and cybersecurity tools.

The deal values Quest at $5.4 billion, including debt, a source familiar with the matter told Reuters.

Quest, which counts companies like Microsoft Corp, Ford Motor Co and Merck & Co as its customers, provides solutions spanning from database management to data protection to IT departments.

Clearlake expects the deal to close in the first quarter of 2022, saying it would hold a majority stake in Quest and its chief executive, Patrick Nichols, will continue to lead the company.

The private equity firm, with about $43 billion in assets under management, has been ramping up investments in the software sector as remote working trends gain momentum during the pandemic.

In August, Clearlake said it would take management software provider Cornerstone OnDemand private for about $3.8 billion.

The announcement also comes just weeks after a consortium led by U.S. private equity firm Advent International agreed to take cyber security firm McAfee Corp private in a $14 billion deal.

The Wall Street Journal first reported Clearlake's deal with Quest on Sunday. (Reporting by Chavi Mehta in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MCAFEE CORP. -0.12% 25.62 Delayed Quote.-0.66%
MICROSOFT CORPORATION -1.85% 296.03 Delayed Quote.-11.98%
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Analyst Recommendations on MICROSOFT CORPORATION
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Financials (USD)
Sales 2022 197 B - -
Net income 2022 71 463 M - -
Net cash 2022 89 063 M - -
P/E ratio 2022 31,2x
Yield 2022 0,80%
Capitalization 2 223 B 2 223 B -
EV / Sales 2022 10,9x
EV / Sales 2023 9,40x
Nbr of Employees 181 000
Free-Float -
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
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Mean consensus BUY
Number of Analysts 45
Last Close Price 296,03 $
Average target price 373,06 $
Spread / Average Target 26,0%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Matthias Troyer Partner Research Manager
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