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Clearlake Capital Buys Quest Software for $5.4 Billion
Clearlake Capital, a private-equity firm, is buying Quest Software from Francisco Partners, a technology-focused PE firm, Quest announced Monday. After the deal closes, which is expected in the first quarter of 2022, Clearlake will become the majority stakeholder. Francisco Partners, which is based in San Francisco, stands to make 6.5 times its money with the sale, the person said.