Home / M&A Activity / Reuters: 3 Private Equity Firms Vie for Dell’s Quest Software, SonicWall Assets

Reuters: 3 Private Equity Firms Vie for Dell’s Quest Software, SonicWall Assets

acquisitionKKR & Co. (NYSE: KKR),  Vista Equity Partners Management and Thoma Bravo have submitted bids to acquire $4 billion in Dell assets that offer information technology management and email encryption services, Reuters reported Tuesday.

Liana Baker and Greg Roumeliotis write the potential sale of Dell’s Quest Software and SonicWall could help Dell reduce the debt it could take on once it completes its purchase of EMC (NYSE: EMC).

Reuters estimates Dell to assume debt worth $49.5 billion once it wraps up its acquisition of EMC for approximately $67 billion in cash and stock by October 2016.

Goldman Sachs Group (NYSE: GS) serves as Dell’s adviser on the potential divestiture of the two assets, according to the report.

Baker and Roumeliotis report that Dell also plans to sell IT services provider Perot Systems to domestic and international business services firms and currently works with Citigroup (NYSE: C) on the potential sale.

Perot Systems is valued at approximately $5 billion to $6 billion, the report said.

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