However that will only work if there are no specific dependencies on other packages/versions that are only available in Quantal. At that point, you can either go down the dependency chain and backport them all (ugly), or fix the package to work with versions available in Precise (the previous post will start you in vaguely the right direction).
Or you can try:
backportpackage -u ppa:<launchpadu ser>/<launchpad repo> -s quantal -d precise netcf ser>/<launchpad repo> -s quantal -d precise libvirt
backportpackage -u ppa:<launchpadu
However that will only work if there are no specific dependencies on other packages/versions that are only available in Quantal. At that point, you can either go down the dependency chain and backport them all (ugly), or fix the package to work with versions available in Precise (the previous post will start you in vaguely the right direction).