Carlyle to buy over 20% in Quest Global
Mint Mumbai|May 24, 2023
Private equity giant Carlyle Group is on the verge of acquiring a substantial stake, exceeding 20%, in the engineering services provider Quest Global Services Pte Ltd, according to two people with knowledge of the deal. As part of this transaction, Quest’s promoter, Ajit Prabhu, is also set to bolster his existing holdings.
Ranjani Raghavan
Carlyle to buy over 20% in Quest Global
 

Carlyle’s pursuit of a stake in Quest has solidified following the collapse of negotiations with the previous front runner, Apax Partners. The deal with Apax fell through due to a disparity in valuation. Initially, Apax had been vying to secure as much as a 40% stake in the company, as reported by Mint on 15 January.

In the new deal structure proposed, Quest Global Services is raising $200 million debt that will buyback some shareholders and extinguish some shares. The resulting transaction will see Ajit Prabhu hike his stake in the business to around 44%, one of the people cited above added.

هذه القصة مأخوذة من طبعة May 24, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 24, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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