Dell, EMC, Dell Technologies, Cisco,

Wednesday, December 2, 2015

Exclusive: KKR, Thoma Bravo, Vista eye $4 billion Dell assets - sources

(Reuters) - Buyout firms KKR & Co LP (KKR.N), Thoma Bravo LLC and Vista Equity Partners Management LLC are competing for $4 billion worth of Dell Inc's assets, people familiar with the matter said, as the computer maker steps up asset sales.

Divesting these assets would help Dell bolster its balance sheet after it agreed in October to buy data storage company EMC Corp (EMC.N) for $67 billion. That deal is expected to close by October 2016, subject to approval by EMC shareholders.

The three private equity firms are vying for Dell's Quest Software, which helps with information technology management, as well as SonicWall, an e-mail encryption and data security provider, the people said this week.

Quest Software and SonicWall are each worth around $2 billion, the people said. Goldman Sachs Group Inc (GS.N) is advising Dell on their potential sale, the people added.

Dell is also working with Citigroup Inc (C.N) on the sale of IT services company Perot Systems, which could be valued at between $5 billion and $6 billion, the people said. Dell is marketing Perot Systems to large companies in the business services industry in the United States and abroad, the people added.

Http://mobile.reuters.com/article/idUSKBN0TK5YJ20151201

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