Daily News: June 21, 2016

Credit Suisse, RBC Provide Financing to Support Dell Software Acquisition


Francisco Partners, Elliott Management and Dell signed a definitive agreement for Francisco Partners and Elliott to acquire the Dell Software Group.

The agreement bolsters Francisco Partners and Elliott Management’s technology portfolios with the addition of Dell Software’s diverse combination of security, systems and information management and data analytics solutions.

Debt financing for the transaction was provided by Credit Suisse and RBC Capital Markets. Barclays and Citigroup acted as lead financial advisors. Shearman & Sterling, Kirkland & Ellis and Gibson Dunn as legal advisors to Francisco Partners and Evergreen Coast Capital. Goldman Sachs acted as exclusive financial advisor. Simpson, Thacher & Bartlett acted as legal advisors to Dell.