PE Groups Win Quest Bid


June 25, 2012

This week’s largest deal looks to be the acquisition of Quest Software by two private equity funds, Insight Venture Partners and Vector Capital. InvestorsBusiness says that the deal represents an increase on a March buyout offer price by the private equity firms, and a 33% premium to Quest’s closing stock price on March 8, 2012, the day prior to the announcement of the original Insight agreement. Quest had announced on March 9 that it had agreed to be acquired by Insight, but two months later it received several other competing offers, including one from Dell.

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