Davis Polk is advising Vector Capital on the $2.2 billion leveraged buyout of Quest Software, Inc. Joining with CEO Vincent Smith and Insight Venture Partners, on June 19, 2012, Vector Capital entered into definitive agreements to acquire Quest for $25.75 per share in cash. The transaction is also being financed with approximately $1.2 billion of debt financing commitments from J.P. Morgan Chase Bank N.A., RBC Capital Markets and Barclays Capital.
Established in 1987, Quest provides IT management solutions for more than 100,000 global customers, ranging from database management, data protection, identity and access management, monitoring, user workspace management to Windows management. Founded in 1997, Vector Capital is a leading global private equity firm located in San Francisco, specializing in the technology sector, with over $2 billion in equity capital under management.
The Davis Polk corporate team includes partner Martin A. Wellington, associates Beth Hooton Ruiz and Jonathan Jew-Lim, and law clerk Hua Zhao. The credit team includes partner Jinsoo H. Kim and associates Vivian Y. Wong and Russ McCracken. Members of the Davis Polk team are based in the Menlo Park and New York offices.
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