Dell Sells Software Unit to Francisco Partners, Elliott

  • Deal to help streamline company ahead of planned EMC merger
  • Marks debut for Elliott’s new PE arm Evergreen Coast Capital

Dell Inc. agreed to sell its software unit to buyout firm Francisco Partners Management LLC and the new private equity arm of hedge fund Elliott Management Corp., streamlining the company ahead of its planned merger with EMC Corp.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.