Tag: Advent

MUMBAI: Private equity financier Carlyle will acquire a minority stake in engineering services company Quest Global, replacing Bain Capital and Advent, who will exit the company. According to sources, Carlyle would pay $500 million for little more than one-fourth of the company, valuing it at $1.8-2 billion.Singapore-based Quest Global was set up by its present chairman Ajit Prabhu and CEO Aravind Melligeri in 1997. Its clients include giants such as Airbus, BMW, P&W, Rolls-Royce, Siemens and GE. It has a multi-disciplinary team of 17,500 engineers, across 67 delivery...