Personal fairness agency Clearlake Capital has struck a deal to purchase Quest Software program from Francisco Companions, valuing it at US$5.4 billion (A$7.6 billon) together with debt, the Wall Road Journal reported, citing folks conversant in the matter.
The deal is formally anticipated to be introduced as quickly as this week, the report added.
Quest was a part of Dell’s software program division, which the corporate divested in 2016 to deal with its expertise portfolio and bolster its steadiness sheet after it agreed in October to purchase information storage firm EMC for US$67 billion.
Quest gives software program options to IT departments spanning from database administration to information safety.
Clearlake, Quest and Francisco Companions didn’t instantly reply to Reuters’ requests for remark.
The WSJ report added that Clearlake was paying 10.9 instances Quest’s earnings earlier than curiosity, taxes, depreciation and amortisation for the final 12 months.