Willkie Advises Insight Venture Partners in $2 Billion Buyout of Quest Software

March 12, 2012

Database applications provider Quest Software agrees to be taken private by affiliates of Insight.

On March 9, it was announced that Quest Software, Inc. has entered into definitive agreements with affiliates of Willkie client Insight Venture Partners, under which the database applications provider will be taken private in a deal valued at approximately $2 billion. The transaction, which has been widely reported in the press, calls for stockholders not affiliated with the buyout group to receive $23.00 per share in cash.

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. New York-based Insight Venture Partners is a leading private equity and venture capital firm focused on the global software, Internet and data-services industries.

On March 5, it was announced that Willkie advised Insight on its deal to acquire oil and gas data intelligence provider Drilling Info Inc. Willkie has advised Insight in a host of transactions including recent high-profile deals such as the sale of TicketMonster, an Insight portfolio company in S.Korea to Living Social; the sale of DailyDeal GmbH, an Insight portfolio company in Germany, to Google; and in the formation of new funds totaling $2 billion.

The current deal was handled by partners Gordon Caplan, Morgan Elwyn, William Dye, Michael Katz and Christopher Peters, and associates Matthew Guercio, Tej Prakash and Mila van Kempen.