Private Equity

Private Equity Fund Investments

Engg services firm QuEST raises $150-M from ChrysCapital, True North, others

Economic Times  

Private Equity firms ChrysCapital, True North and others have purchased a minority stake in engineering solutions provider QuEST Global for USD 150 million. The stake was bought from QuEST's co-founders and management team. Existing investors Bain Capital, Advent and GIC continue to remain invested in it. QuEST has a workforce of over 11,000 people, out of which 7,000 are located across its nine centres in India. The company expects growth in areas such as connected factories and enterprise applications of 5G in the coming years. It also plans to add 3,000 employees to its India headcount over the course of the next one year. QuEST is also focused on building automotive solutions such as connected cars, driver assistance features and autonomous driving.

From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Feb-16, QuEST had raised $350-M from Bain Capital, GIC and Advent International. Prior investors in QuEST include Warburg Pincus and Carlyle.