| Singapore sovereign wealth fund GIC Pte Ltd and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for $350 million. QuEST, which provides services to companies in sectors including aviation, automobile, oil and gas, power and healthcare, is headquartered in Singapore but more than half of its staff are located in India.
The private equity funds bought the stake from a unit of Warburg Pincus LLC and other company shareholders, said QuEST, founded by former General Electric Co engineer Ajit Prabhu in 1997, in a statement...............................................Full Article: Source
|