Dell Sells Software Group To Francisco Partners, Elliott Management

Round Rock-based Dell has agreed to sell its Dell Software Group to private equit investor Francisco Partners and Elliott Management, the companies said today. Financial terms of the sale were not announced. The sale includes both Quest Software and SonicWALL, among other software units at Dell. The companies said debt financing for the deal came from Credit Suisse and RBC Capital Markets. Dell was advised by Goldman, Sachs & Co. and Simpson, Thacher & Bartlett LLP in the deal; Francisco was advised by Barclays and Citigroup, along with Shearman & Sterling, Kirkland & Ellis, and Gibson Dunn.